Government Scheme: Get A Loan Of Up To ₹25 Lakh To Start Your Business

Many young individuals in Meerut, Western Uttar Pradesh, aspire to start manufacturing businesses but struggle due to a lack of funding. Fortunately, the Uttar Pradesh government's Chief Minister Swarojgar Yojana offers a solution. This scheme provides loans of up to ₹25 lakh to help these youths kickstart their self-employment ventures.

Eligibility Criteria for the Loan

According to Meerut Division Deputy Commissioner Deependra Kumar, the scheme is open to educated youth aged between 18 and 40 who wish to establish their industries. Eligible applicants can receive a loan of up to ₹25 lakh to support their manufacturing business .

The department will assist in securing the business loan through local banks. Additionally, a subsidy of up to 25 percent is available according to government guidelines. For those interested in starting a business in the service sector, the scheme offers loans up to ₹10 lakh.

Required Documents and Application Process

To benefit from this scheme, applicants must apply online through the department’s portal at www.diupmsme.upsdc.gov.in. The following documents are required for the application:

• Aadhar Card
• PAN Card
• Passport-size Photo
• Educational Certificates
• Bank Passbook

Details of the proposed business

Applicants must upload these documents and provide detailed information about their business plans. The department will review the applications, verify the forms, and offer assistance in setting up the business. Additionally, special training programs are provided to help the youth gain valuable skills and knowledge for their ventures.

This initiative aims to empower aspiring entrepreneurs and foster economic growth by supporting new businesses in the region.