a day ago
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.
