UP scheme to promote entrepreneurshipa hit; getting 2,500 applications per day
Lucknow: The state Micro, Small and Medium Enterprises department has decided to scale up the
Mukhyamantri Yuva Udyami Vikas Abhiyan
, the scheme aimed at promoting self-reliance among the unemployed Uttar Pradesh youth.
The scheme has been receiving an average of 2,500 applications daily. "Since its launch in UP, the scheme received a record 2,07,158 applications.
Of the total applications received so far, over 1.66 lakh were forwarded to banks. They further said that 44,521 applications were approved while loans were disbursed to 30,595 youth," said Alok Kumar, principal secretary, MSME department, here on Monday.
Talking about the progress made in the 2025-26 financial year, Kumar said: "As of April 18, a total of 28,496 applications were received. Of these, 22,249 were sent to banks, which approved 4,029 proposals and disbursed funds to 2,124 beneficiaries. Within this brief span, around Rs 9 crore in margin money was sanctioned — a reflection of the govt's agility and the enthusiastic response from the youth."
Adding that the departmental representatives were continuously coordinating with banks to maintain transparency and prevent file backlogs, he further said: "Beyond financial support, the department also provides crucial services such as technical training, marketing support, and mentorship to boost the success of these enterprises."
Earlier, the spokesperson noted that this scheme gained immense popularity among youth.
"From villages to cities, youth across the state are launching their businesses, fostering a culture of entrepreneurship and generating employment. The fact that more than 2,500 persons were applying under the scheme every day was a clear testament to the growing entrepreneurial spirit among the state's youth."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Pink Villa
40 minutes ago
- Pink Villa
Shark Tank India judge Aman Gupta's Rs 700 crore net worth to Rs 1 crore car: Here's everything about his lifestyle
Thanks to Shark Tank India, we are now acquainted with the tireless efforts and strategies that go behind establishing a high-value startup. Aman Gupta, the co-founder and CMO of boAt Lifestyle, is a familiar face to Indian audiences, thanks to his prominent role as one of the primary investors on the show. BoAt is one of India's leading suppliers of audio products. Aman is a go-getter and is never afraid to speak his mind. With his witty remarks and honest feedback, Aman soon made a place in the viewers' hearts. His business insights continue to encourage youth to develop their business acumen. Let's take a look at how it all started and how far he has come in his self-made adventure. Who is Aman Gupta? Shark Tank India Judge's Net Worth, Lifestyle Aman Gupta is a highly strategic investor and skilled entrepreneur. The multi-millionaire businessman is behind boAt's massive popularity nationwide for creating affordable and stylish audio gadgets. Born in New Delhi, India, Aman is a graduate of the Shaheed Bhagat Singh College. He has also done an MBA in Finance and Strategy from the prestigious Indian School of Business. The business tycoon is generously rewarded for his business skills and hard work. He is married to Priya Dagar, a celebrated environmentalist and a policy advisor at the Embassy of the Kingdom of the Netherlands. The happy couple is parents to two beautiful daughters. Aman Gupta's net worth is estimated at Rs 720 crores as of 2024, which primarily comes from boAt's massive success and his calculated investments. Aman Gupta's house and car collection Aman is the proud owner of a luxurious bungalow in Delhi, which is a reflection of his enormous fortune. One of his houses in South Delhi costs Rs 15 crore. He also owns a luxurious 7,200-square-foot apartment in Gurugram. The 43-year-old is a gearhead who owns multiple high-end cars in his collection. He owns the BMW 7 series, which costs over Rs 1 crore, and the BMW X1, priced at Rs 40 lakh. Aman takes pride in the fact that an Indian-made company has successfully broken into the international market and that his journey has inspired many youngsters to embark on entrepreneurial journeys of their own. He recalled how many people tried to demotivate him when he wanted to launch his startup, but he paid no heed to such comments. BoAt had a rather humble beginning in a small cafe in Hauz Khas Village. Today, Aman Gupta and BoAt encourage future entrepreneurs to believe in their vision and to continue to hustle despite the setbacks. Disclaimer: All amounts mentioned in the article are sourced from public platforms. In some cases, celebrities or their teams give their inputs too, which we incorporate if provided by them. We take all efforts to share possible accurate numbers, however unless otherwise mentioned they are all approximates. We are open to feedback and suggestions on editorial@
Mint
42 minutes ago
- Mint
CAG to deploy AI, machine learning for faster, accurate audits
New Delhi: India's apex auditor will integrate generative AI, machine learning and optical character recognition into its processes to fast-track work and reduce manual burden, according to two deputy heads of the federal auditing body. The Comptroller and Auditor General (CAG) will use these tools for voucher verification and risk detection and will expand remote and hybrid audits in complex revenue areas such as goods and services tax, stamp duty and public works, deputy CAGs A.M. Bajaj and K.S. Subramanian said in an interview. These technologies are expected to significantly reduce manual workload, enhance anomaly detection, and enable predictive identification of high-risk areas, making audits more focused and data-driven, they said. Also read: GDP's dirty little secret: Why we should be tracking GVA instead CAG is reshaping audit practices to match the complexity of India's growing economy and sprawling governance structure. With over 700 central public sector units, 1,600 state enterprises, 485 central autonomous bodies and thousands of panchayats and urban local bodies now under its jurisdiction, the federal auditor is adapting to not just the size, but also the changing nature of public service delivery, they said. The CAG is conducting multi-state audits on key welfare and infrastructure areas, including solid-waste management in urban bodies, welfare of construction workers, management of District Mineral Funds, implementation of rural jobs guarantee programme, functioning of regional transport offices and the Jal Jeevan Mission. All-India audits covering the Green India Mission, Smart Cities, MSME support and skill development are also underway and are expected to be completed by mid-2025. These audits aim to assess how effectively these national initiatives are delivering measurable benefits to citizens and improving their lives. For the first time, the CAG has institutionalized stakeholder consultations at all stages of the audit cycle from planning to reporting, said Bajaj. 'We've made it mandatory to consult the Secretary, senior officials, academia, and civil society while finalising the Annual Audit Plan and audit reports. This inclusive process helps ensure our audits are grounded in real issues and deliver meaningful value to both institutions and citizens," Subramanian added. Also read: You're absolutely right, as the AI chatbot says Dattesh Parulekar, assistant professor of International Relations at Goa University, said, 'The CAG's digital-first and stakeholder-led approach signals a decisive shift from traditional compliance checks to dynamic, technology-enabled, performance-linked audits. If sustained, this could mark a new era in public accountability—where audit reports not only flag inefficiencies but help shape more responsive governance." Focus on training Training remains central to this revamp. The CAG has signed eight memoranda of understanding with institutions such as the Indian Institute of Technology Madras, the Indian Institution of Management Ahmedabad, Bhaskaracharya National Institute for Space Applications and Geo-informatics and the National Institute of Urban Affairs to co-develop specialised curricula. 'For capacity building, we are training audit staff in AI, data analytics, cybersecurity, and public policy at top institutes, including a nationwide boot camp on AI and machine learning for audit at IIT Delhi," said Bajaj. A nine-month AI and cybersecurity diploma programme is already underway at IIT-Madras for CAG officers, with modules on environmental audit, ESG reporting, procurement, and non-cognitive skills running in parallel across various centres, said Subramanian. Also read: Bengaluru shocker: Driver runs away with employer's ₹1.5 crore, spends on family and donates at temples The CAG submits audit reports to the President or governors, which are then tabled in Parliament or state legislatures. These reports have historically played a key role in ensuring financial accountability and transparency in governance, uncovering issues from expenditure irregularities and poor scheme implementation to systemic inefficiencies. These audits have led to policy reforms, public debates, and accountability at the highest levels.
India Gazette
an hour ago
- India Gazette
"India has achieved 51.5 GW wind capacity, 150% growth in a decade": Union Minister Pralhad Joshi
Bengaluru (Karnataka) [India], June 15 (ANI): Union Consumer Affairs and Renewable Energy Minister Pralhad Joshi on Sunday said that India has achieved 51.5 GW wind energy capacity, 150 per cent growth in a decade and is now exporting turbines and components globally. He said this progress reflects the 'visionary leadership' of Prime Minister Narendra Modi, who has made 'clean energy a core pillar of #AatmanirbharBharat.' 'India has achieved 51.5 GW wind capacity, 150% growth in a decade and is now exporting turbines and components globally. We are moving steadily towards the 100 GW wind target by 2030, including 30 GW from offshore projects, backed by strong policy reforms and a robust manufacturing ecosystem,' Joshi said in a post on X, on the occasion of Global Wind Day today. In another post on X, he said, 'On this Global Wind Day, let's celebrate the power of wind driving India's clean energy growth. With 51.5 GW capacity and rising, we are moving towards an #AatmanirbharBharat powered by innovation, green technology and sustainable progress. #GlobalWindDay.' He said that India is the fourth-largest wind power capacity in the world, while it is the third-largest renewable energy producer. Addressing the Global Wind Day celebrations in Bengaluru, the Minister also India is going to become the 'manufacturing hub of the world.' 'India is going to become the manufacturing hub of the world, and we will be competing with many of our neighbours, including Vietnam and China. So when we want to compete there, the basic thing we need is power. So in this power, we need renewable energy and conventional energy also, but we need more renewable power,' Joshi said. Highlighting policy changes, the Union Minister stated that renewable energy, especially solar energy, was just 0.242 gigawatts in 2014, and today the country has the capability of 110 gigawatts of renewable energy in just 10 years. 'Of course, policy changes were made by the government. In 2014, our renewable energy, especially in solar, was just 0.242 gigawatts. Today, we have 110 gigawatts of renewable energy in just 10 years. Like that, it was some 21, 22 gigawatts of wind power. Today we are 51 gigawatts. But you are the people who are sitting in front of me, and because of the policies of the government, because of the encouragement from the government, with the cooperation of the state and Centre, we have been able to achieve 51 gigawatts today,' he said. Joshi said that the government approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs 7,453 crore, including an outlay of Rs 6,853 crore for installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu) The Minister added that this year's renewable energy budget has gone up by 53 per cent to 26,549 crore, with the large share directed to the wind. Inviting states to contribute to the energy transition, the Minister asserted, 'States must lead this transition, land availability, transition delays, transmission delays, and how to be addressed very, very expeditiously. This is not the time for hesitation; it is the time for the execution.' The Minister said that the government is backing the sector, which was demonstrated in this year's union budget. (ANI)
