Mukhyamantri Gramodyog Rozgar Yojana, Uttar Pradesh

Uttar Pradesh government has started Mukhyamantri Gramodyog Rozgar Yojana for providing new self-employment opportunities to the rural educated and unemployed youth. Under this scheme, the individuals will be provided with a financial assistance of Rs. 10 lakhs by the banks for taking up self-employment ventures. Interest subsidy for reserved categories and women beneficiaries will be borne by the state government. For beneficiaries belonging to general categories applicable interest is 4%. All the educated unemployed youth, artisans, and women individuals are covered under the scheme. This scheme is operational for 5 years. This scheme aims at holistic development of villages in the state in the long run.

Scheme Overview:

Scheme Objectives and Benefits:

• The main objective of the scheme is to provide financial assistance to the rural youth
• It aims at encouraging rural youth to take up self-employment opportunities
• Financial assistance in the form of loan of Rs. 10 lakhs will be given to the beneficiaries
• Women will be encouraged to take up self-employment ventures
• State government will bear interest subsidy for the reserved categories like SC, ST, OBC, PH as well as women individuals
• Thus, this scheme will also enable to stop migration from villages in search of jobs
• It will boost the rural economy of the state in the long run

Eligibility and Selection Criteria:

• Individual should be in the age group of 18-50 years
• All the educated unemployed individuals, trained artisans, individuals trained by Industrial Training Institute/ Polytechnic Institute, individuals registered in Employment Exchange of the district, individuals who have passed class 12 with village industry as a subject and women individuals will be eligible under the scheme
• 50% of the borrowers should be from SC/ ST/ OBC categories
• Preference will be given to units engaged in producing items mainly useful for the local people as daily necessities

Application Process:

• Individual has to visit the official portal @upkvib.gov.in

• Scroll down and click on Chief Minister Village Industries Employment Scheme
• Then in the ‘For Applicant’ section, click on ‘Click here to apply online’ option

• Start with registration then after successful registration, login and fill the application form with all the details
• Then upload any supporting document as required and submit the form
• Application ID will be provided after successful submission of the form
• Application status can be checked form the same portal
• After successful verification of the form and details provided the same will be approved as per the eligibility and the loan will be sanctioned

Key Points:

• Uttar Pradesh government has started a new scheme named Mukhyamantri Gramodyog Rozgar Yojana for assisting the rural youth to take up self-employment opportunities
• Under this scheme financial assistance in the form of loan will be provided to interested and eligible rural youth for taking up self-employment ventures
• The venture pan will first be identified by concerned authorities and the then plan will be approved and load will be sanctioned
• Loan amount of Rs. 10 lakhs will be provided by the banks to the beneficiaries under this scheme
• This loan will be given to the beneficiaries belonging to general category on 4% interest and self-contribution of the loan will be at the rate of 10%
• Interest subsidy on the loan provided to the beneficiaries from the reserved categories as in SC/ ST/ PH/ OBC/ and women individuals will be borne by the state government and self-contribution of the loan will be at the rate of 5%
• Loans will be provided by commercial and regional rural banks in rural areas as applicable
• Refinance will be provided by SIDBI and NABARD banks
• It aims at generating self-employment as well as employment opportunities in villages
• It aims at generating employment for skilled as well as unskilled workers in the villages
• This scheme will thereby improve their standard of living and will thus lead to development of rural economy