UP Govt Interest Free Loan Scheme 2025: The Uttar Pradesh government has taken a major step to boost entrepreneurship among the state’s youth through the UP Govt Interest Free Loan Scheme 2025. This scheme aims to provide financial assistance to young individuals who aspire to start their own businesses but lack the initial capital. By offering interest-free loans, the government is encouraging self-employment and making it easier for new entrepreneurs to kick-start their ventures.
Under this scheme, eligible citizens can apply online to access funding without the burden of interest repayment, making it an ideal opportunity for young dreamers to transform their ideas into reality.
What is MYUVA (Mukhyamantri Yuva Udyami Vikas Abhiyan)?
The Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) is the backbone of the Interest-Free Loan Scheme. Introduced by Chief Minister Yogi Adityanath, this initiative provides industrial loans of up to ₹5 lakh to eligible youth across Uttar Pradesh. The goal is to support at least 1 lakh young individuals with the financial means to begin their entrepreneurial journey in a sector of their choice.
Purpose Behind the Scheme
The primary objective of the UP Govt Interest Free Loan Scheme 2025 is to empower youth and promote a culture of self-reliance through entrepreneurship. By removing the stress of paying interest, the government is ensuring that financial constraints do not hinder innovation or ambition.
This step is expected to:
- Promote self-employment
- Build confidence among aspiring business owners
- Reduce unemployment
- Strengthen the state’s economic framework through local startups
Scheme Overview at a Glance
| Key Elements | Details |
|---|---|
| Scheme Name | UP Govt Interest Free Loan Scheme 2025 |
| Launched By | Government of Uttar Pradesh |
| Launch Year | 2025 |
| Objective | Promote youth entrepreneurship |
| Target Audience | Young residents of Uttar Pradesh |
| Loan Amount | Up to ₹5 lakh |
| Loan Type | Completely interest-free |
| Eligibility Age | 18 to 45 years |
| Application Mode | Online |
| Key Documents Required | Aadhaar, Ration Card, Education Proof |
| Official Website | https://udyami.bihar.gov.in/ |
| Helpline Number | 8957540649 |
Who Can Apply? (Eligibility Criteria)
To benefit from the scheme, applicants must meet the following criteria:
- Must be between 18 to 45 years of age
- Should be a permanent resident of Uttar Pradesh
- Must have completed a skill development course or relevant training
- Should possess a business idea and a basic project proposal
Benefits of the Scheme
- Start your business with ease: No need to arrange initial capital from private lenders or pay interest.
- Loan of up to ₹5 lakh: Financial support to start ventures across any industry or sector.
- Direct bank transfer: Funds will be sent directly to the beneficiary’s bank account.
- No collateral needed: Applicants aren’t required to mortgage any property or asset.
- Future support: Upon successful repayment, eligible candidates may access an additional loan of ₹7.5 lakh.
Essential Documents Required
Make sure to keep the following documents ready before applying:
- Aadhaar Card
- Residence Proof
- Educational Qualification Certificates
- Business Project Proposal
Key Features at a Glance
- Zero interest burden – Loans are offered completely interest-free.
- 1 Lakh beneficiaries – The scheme targets one lakh young entrepreneurs across the state.
- Additional loan support – Further loans of ₹7.5 lakh may be available post repayment.
- No security deposit – No collateral is required to apply.
How to Apply: Step-by-Step Registration Guide
Follow these steps to register for the UP Govt Interest Free Loan Scheme 2025:
Step 1:
Visit the official portal dedicated to the Interest-Free Loan Scheme.
Step 2:
On the homepage, look for the “Register” option and click on it.
Step 3:
Fill out the registration form with all the required personal and business-related information.
Step 4:
Upload the necessary documents, such as Aadhaar, educational certificates, and your business plan.
Step 5:
Once everything is filled out correctly, click “Submit” to complete your registration process.
Need Help?
If you have any queries regarding the scheme or registration process, you can reach out to the helpline:
📞 Helpline Number: 8957540649
