Uttar Pradesh's scheme empowers youth to start businesses

timesofindia.indiatimes.com

Uttar Pradesh's CM Yuva scheme is enabling young people to pursue new careers by providing financial assistance for starting businesses. Over 40,000 entrepreneurs have received funds through the scheme, with over 53,000 loan applications approved. Beneficiaries are establishing ventures in diverse sectors, including cake manufacturing, laundry services, and solar panel installation. Launched in 2018, the CM Yuva scheme offers interest-free loans up to ₹5 lakh. The government aims to establish 10 lakh micro-enterprises and has allocated ₹1,000 crore in the 2024-25 budget.


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