What is the name of the scheme launched by Uttar Pradesh CM Yogi Adityanath to facilitate loans for young entrepreneurs?

The correct answer is Mukhya Mantri Yuva Udyami Yojana.

In News

• Uttar Pradesh CM Yogi Adityanath launched the Mukhya Mantri Yuva Udyami Yojana to support young entrepreneurs with loans.

Key Points

• The scheme has already approved loans worth Rs 931 crores for 24,000 applicants, with Rs 400 crores disbursed to 10,500 individuals.
• The initiative aims to prepare 10 lakh new entrepreneurs in the country, as stated by CM Yogi Adityanath.
• The scheme has been in effect since January 24, 2025, and has already seen significant progress in loan applications and disbursements.
• The credit camp initiative under this scheme is being held for the Gorakhpur and Basti divisions of Uttar Pradesh.

Additional Information

• Mukhya Mantri Yuva Udyami Vikas Abhiyan
  • Launched by Uttar Pradesh government to facilitate loans for young entrepreneurs, it aims to boost entrepreneurship and create a favorable environment for business growth.
  • The initiative provides loans and financial support to youth from economically weaker sections to promote self-reliance and employment.
• Uttar Pradesh Government's Focus on Entrepreneurship
  • The state government has committed to supporting young entrepreneurs through various schemes and financial aids to encourage the growth of small businesses.
  • The Mukhya Mantri Yuva Udyami Yojana is a pivotal part of this effort, helping reduce barriers to entry for new entrepreneurs.
• Loan Disbursements and Impact
  • With over Rs 931 crores in loans approved for 24,000 applicants, the initiative is gaining traction and contributing to the economic growth of the region.
  • By providing funding to young entrepreneurs, the scheme is expected to create job opportunities and foster innovation in Uttar Pradesh.