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UP CM Yogi Launched MYUVA Program to Nurture Youth Entrepreneurship in UP

Published on March 09, 2024
Current Context: The Chief Minister of Uttar Pradesh, Yogi Adityanath, launched the “Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)” scheme.
UP CM Yogi Launched MYUVA Program to Nurture Youth Entrepreneurship in UP
  • This initiative is aimed at nurturing entrepreneurship among the youth in Uttar Pradesh.
  • The MYUVA scheme is designed to empower young entrepreneurs by providing them with interest-free loans and support for their entrepreneurial ventures.
  • The government has allocated a budget of Rs 1,000 crore for the upcoming fiscal year to support this initiative.
  • Under this scheme, the Yogi government aims to prepare one lakh young entrepreneurs every year by providing interest-free loans for projects of up to Rs 5 lakh.
  • The goal is to directly benefit one million units (10 lakh units) over the next 10 years by financing 1,00,000 units annually.
  • This innovative scheme is designed to empower educated and skilled youth across the state, facilitating self-employment opportunities and fostering the establishment of new Micro, Small, and Medium Enterprises (MSMEs).
  • By promoting entrepreneurship, the initiative seeks to generate employment opportunities in both rural and urban areas.
  • The MYUVA scheme reflects the government’s commitment to fostering economic growth and self-employment opportunities in the state.
  • It’s a significant step towards empowering young entrepreneurs and fostering a culture of innovation and enterprise.

Question:

Q.1 Who launched the “Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)” scheme?
a. Yogi Adityanath
b. Narendra Modi
c. Arvind Kejriwal
d. Mamata Banerjee
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