Latest news with #CM-YUVA
Indian Express
a day ago
- Business
- Indian Express
CM-YUVA campaign: Govt launches drive to aid college students, unemployed youths start own ventures
The state government has launched a campaign across all 75 districts as part of which special teams of officials will visit universities, engineering colleges and other higher education institutions to identify students in their final year, as well as those who remain unemployed despite completing their studies. Once identified, eligible youth will be offered interest-free, collateral-free loans of up to Rs 5 lakh to help them start their own ventures and become job creators. The campaign is being run under Mukhyamantri Yuva Udyami Vikas Abhiyan (CM-YUVA). According to Sarveshwar Shukla, Joint Commissioner of Industries and nodal officer of the scheme, the primary goal of the Yogi Adityanath-led government is to empower every eligible, educated and progressive-thinking youth by helping them launch their businesses. The vision is to transition youth from 'seeking jobs' to 'creating jobs.' Along with financial support, technical guidance will also be provided to ensure the success of these entrepreneurial initiatives. To ensure effective implementation, specialised training is being provided to officials. A two-day capacity-building workshop was recently organised in Lucknow, focusing on improving the rollout of the scheme and enhancing the functionality of the CM Yuva Portal. These trained officials will soon begin visiting campuses to implement the scheme at the grassroots level. According to the government, more than 2.5 lakh youths have applied for loans under the initiative. Of these, more than 1.10 lakh applications have been forwarded to banks, and loans have been sanctioned to over 53,000 applicants, with 40,000 already receiving funds. Young entrepreneurs have started utilising these interest-free loans to launch ventures in sectors — from cake manufacturing and digital marketing to launch ventures in sectors — from cake manufacturing and digital marketing to interior design, laundry services, solar panel installation, tattoo studios and mineral water plants.
United News of India
06-05-2025
- Business
- United News of India
MSME units should stay aligned with market demands: Yogi
Lucknow, May 6 (UNI) Chief Minister Yogi Adityanath on Tuesday emphasised the need for continuous upskilling and modernisation of Micro, Small and Medium Enterprises (MSME) units in Uttar Pradesh in line with evolving market demands. While reviewing the functioning of the MSME Department, the CM said, "As the state hosts the country's largest MSME base, it is important to adopt a robust strategy to build the capacity of youth engaged in this sector. Aspiring entrepreneurs under the 'CM-YUVA' scheme must undergo comprehensive and high-quality training before being granted loans." He said that MSMEs drive grassroots economic activities and serve as anchor units for large-scale industries. "With around 96 lakh active MSME units, contributing approximately 46 percent to the state's total exports and generating direct and indirect employment for over 1.65 crore people," he said. Yogi called for strengthening the sector strategically to fulfil the vision of 'Vocal for Local', 'Local to Global' and 'Brand UP'. Calling the present situation ideal for gaining global recognition for UP's traditional craftsmanship, agro-based products and innovation-led enterprises, he directed that all state schemes prioritise economic empowerment of youth, women, entrepreneurs and rural communities. He stressed the need to monitor these initiatives regularly to ensure effective implementation. During the review of self-employment initiatives, it was informed that in FY 2023-24, over 3.21 lakh youth registered under the 'Mukhyamantri Yuva Udyami Vikas Abhiyan' (CM YUVA) and more than 56,000 applications were received. The CM directed that timely loan disbursement be ensured in line with the annual target of one lakh beneficiaries and that coordination with banking institutions be strengthened. He reiterated that proper training for selected applicants is essential before the release of funds. During the review meeting, he was informed that under the Vishwakarma Shram Samman Yojana, the number of trained artisans and toolkit distributions has seen a significant jump, from 7,600 beneficiaries in 2018-19 to over 75,000 in 2023-24. Emphasising the scheme's growing impact, Yogi directed the officials to expand its coverage further, ensure the quality of training and maintain the strength and usefulness of the toolkits provided. Highlighting innovative infrastructure models for MSMEs, he praised the flattened factory complex as an effective approach to facilitate multi-unit industrial operations in limited urban spaces. Citing Kanpur as a successful example, he recommended replicating the model in other cities and involving the private sector as an active partner. Providing updates on the Mukhyamantri Swarojgar Yojana, the officials informed that margin money worth Rs 760 crore has been disbursed against over 31,000 applications, creating approximately 2.5 lakh jobs. Discussing the progress of the One District One Product (ODOP) initiative, the CM noted its pivotal role in reviving traditional crafts and small-scale industries across the state. "Since 2018, margin money of Rs 635 crore has been disbursed, alongside extensive support in training, marketing, design and technical assistance," he said. He directed the officials to enhance global branding, packaging and design of ODOP products to strengthen their competitiveness in international markets. It was also informed that UP leads the nation with 77 products receiving GI tags and GI registration is underway for an additional 25 products. A target has been set to secure GI tags for 75 more products in the current financial year. To boost awareness and marketability of GI-tagged items, Yogi directed that relevant entrepreneurs be registered as GI Authorised Users, helping preserve product authenticity and promote effective branding. UNI AB SJC
