The biggest surge in loan applications in the past 30 days can reportedly be attributed to the Uttar Pradesh Mukhyamantri Yuva Udyami Yojana with the scheme providing interest free loans up to ₹5 lakh to aspiring youth across Uttar Pradesh. The district of Jaunpur leads the way in loan disbursement.
Opening in Style: 48,000 Youth in 30 Days Apply for Yogi’s Interest Free Loan Scheme.
Interest Free Loans Upto ₹5 Lakh Fueling Startup Dreams in UP
Uttar Pradesh is witnessing an unprecedented peaceful revolution. Within the very first 30 days 48,086 applications flooded in for PM Yogi Adityanath’s Mukhyamantri Yuva Udyami Yojana. The promise? Up to ₹5 lakh interest free loan to budding entrepreneurial youth starved for funds across the state.
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The Government seeks to sponsor 1.5 lakh youth by the financial year 2025-26. But since around one third of that goal has already been accomplished in the merely month, the scheme is an attraction to both dreamers and doers. Among all the applications, 40,635 have been forwarded to banks for processing. Until now, 9,867 have been approved for loans and 5,838 young entrepreneurs have been funded to start their respective businesses.
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Jaunpur Becomes the Startup Capital of Uttar Pradesh
Jaunpur district is leading among all districts. It had a target of 2,200 loan disbursements but has already received 1,397 applications. Out of this 1,176 have been processed.
447 have been approved and 257 have already received the funds. Agra and Hapur are far behind occupying the second and third positions.
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Last Year’s Success Fuels Growth for 2025
It is not just an upward trend. Last year the same scheme received about 1.78 lakh applications of which more than 28,000 youths were successful in getting the loans. The MSME department sanctioned ₹113 crore as margin money this was the backdrop before the events of this year unfolded.
The Conversion of Job Seekers into Job Providers Across the State
The scheme is not just another welfare scheme but rather a worthy proposition for the growth of the economy: by waiving interest and easy access to credit. The Yogi government has created an ecosystem for the youth where they are no longer job seekers. They are job creators.
With the wind in its sails the Mukhyamantri Yuva Udyami Yojana is set to paint a new paint brush for the economic prospects of Uttar Pradesh, one small step per entrepreneur.
