The Uttar Pradesh government has launched the UP Govt Interest Free Loan Scheme 2025 to assist the youth of the state to start their own business. This new initiative aims to promote self-employment by providing financial assistance without any interest burden. Through this scheme, young individuals can avail loans up to ₹5 lakh to start their entrepreneurial journey with ease and confidence. Let’s understand everything about the UP Government Interest Free Loan Scheme including the registration process, documents needed, eligibility criteria, benefits, etc.
About MYUVA
Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) is the official name of this scheme launched under the leadership of Chief Minister Yogi Adityanath. The program is designed to provide interest-free industrial loans to eligible youth in Uttar Pradesh. It aims to empower around 1 lakh young citizens by giving them the necessary financial impetus to start small-scale businesses in various sectors.
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Objective of UP Government Interest Free Loan Scheme
The main objective of UP Govt Interest Free Loan Scheme is to encourage entrepreneurship among the youth of the state. Many aspiring business owners face difficulties due to lack of capital. This scheme helps overcome that obstacle by providing loans without any interest. It aims to reduce unemployment, promote self-employment and create a strong base of young entrepreneurs in the state.
Overview of UP Govt Interest Free Loan Scheme
| Name of the Scheme | UP Govt Interest Free Loan Scheme |
| Official Name | Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) |
| Launched By | Uttar Pradesh Government |
| Launch Year | 2025 |
| Target Group | Youth of Uttar Pradesh |
| Purpose | Promote entrepreneurship and self-employment |
| Loan Amount | Up to ₹5 lakh |
| Interest Rate | 0% (Interest-free) |
| Application Mode | Online |
| Official Website | [Link to be updated] |
| Contact Number | 8957540649 |
Eligibility Criteria
To apply under the UP Govt Interest Free Loan Scheme, applicants must meet the following conditions:
- Age should be between 18 to 45 years.
- Must be a permanent resident of Uttar Pradesh.
- Should have completed or be enrolled in any skill development training.
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Benefits of UP Govt Interest Free Loan Scheme
- Eligible youth will receive interest-free loans up to ₹5 lakh.
- The loan can be used to start a business in any industry or sector.
- The funds will be transferred directly to the applicant’s bank account.
- After successful repayment, applicants can apply for additional loan of ₹7.5 lakh.
- Promotes financial independence and encourages innovation and creativity.
Required Documents
- Aadhaar Card
- Educational Certificates
- Proof of Residence (domicile)
- Ration Card (optional, if applicable)
- Business/Project Proposal
Salient Features
- Zero interest rate: No burden of extra payment, making it easier for youth to manage repayment.
- No collateral needed: Loans are unsecured and based on eligibility.
- Wider coverage: Up to 1 lakh youth across the state will benefit.
- Growth opportunity: Those who repay the first loan successfully can get a higher loan later.
- Online application: Fast and simple registration through the official website.
UP Govt Interest Free Loan Scheme 2025 Registration Process
Follow these steps to apply for this UP Government Interest Free Loan Scheme online:
- Visit the official Yuva Sathi website.
- Click on the “Register” button on the homepage.
- Fill in the required personal and business details in the registration form.
- Upload all the necessary documents.
- After that click on “Submit” to complete the application process.
- Make sure all information provided is correct to avoid rejection of the application.
Contact Details
- Helpline Number: 8957540649
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FAQs
How many people will benefit from the UP Govt Interest Free Loan Scheme 2025?
A total of 1 lakh young citizens in Uttar Pradesh will be selected to receive benefits under this scheme.
What is the maximum amount of financial assistance available?
The scheme offers an interest-free loan of up to ₹5 lakh to each eligible applicant.
What is the age limit to apply for the scheme?
All applicants must be between 18 and 45 years of age to qualify.
Is there any requirement for skill development training?
Yes, applicants must have completed or be enrolled in any skill development program.
Do I need to submit any collateral to get the loan?
No, the scheme provides collateral-free loans to eligible applicants.