What this scheme offers
Approved by the UP Cabinet in October 2024, MYUVA targets a specific gap: young people with a workable business idea but no collateral and no credit history to get a bank loan on their own. The scheme gives collateral-free, interest-free loans of up to ₹5 lakh for setting up a micro-enterprise in the industry or service sector. Repay the first loan successfully, and you become eligible for a second, larger round — up to ₹10 lakh, sources suggest with a partial interest subsidy — turning a one-time startup grant into a track record you can build on. The government's own target is ambitious: 1 lakh youth-led micro-enterprises a year, aiming at 10 lakh new jobs over a decade.
Who is eligible
- Permanent resident of Uttar Pradesh, generally aged 18–40 (some sources specify 21–40 — confirm the current band on the portal).
- Passed at least Class 8; those who've completed Class 12 (Intermediate) are given preference.
- No history of bank loan default.
- Proposing a business in the industry or service sector.
Documents required
- Aadhaar card
- Educational qualification certificate
- Detailed Project Report (DPR) / business plan
- Bank account details
- Domicile certificate
How to apply
- Apply through the MSME UP portal or the DigiShakti portal, or visit your District Industries and Enterprise Promotion Centre.
- Prepare a Detailed Project Report (DPR) outlining your business idea, expected costs, and revenue — this is central to approval, so it's worth getting right rather than rushing.
- Submit your application along with the DPR and required documents.
- Banks and nodal agencies evaluate the proposal before sanctioning the loan.
- On successful repayment of the first loan, you can apply for the second, larger phase of funding.