CM Yuva Udymi Yojana: 5 Lakh Loan, 10% Subsidy, No Guarantee, No Interest

• The Chief Minister Yuva Udymi Yojana aims to combat unemployment and foster self-employment among youth.
• In Amethi district alone, over 1400 youth have benefited from the scheme in the past year, starting their own businesses.
• Beneficiaries can avail a 5 lakh rupee loan without any bank guarantee or interest for manufacturing and service sectors.
• The scheme also provides a 10% subsidy on the loan amount, making it highly attractive for aspiring entrepreneurs.
• Applicants must be between 18 and 45 years old and require Aadhaar, PAN, bank passbook, mobile number, and a business plan.

Why It Matters: CM Yuva Udymi Yojana offers interest-free, guarantee-free 5 lakh loans with 10% subsidy to youth for self-employment.