UP CM Yogi Adityanath Announces ‘MYUVA Scheme’ To Empower Youth Entrepreneurs in UP

Current Context: Chief Minister Yogi Adityanath has launched the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Scheme in Uttar Pradesh.

 

• This initiative aims to empower young entrepreneurs by providing them with interest-free loans and support for their ventures.
• The scheme focuses on nurturing entrepreneurship among the youth, with a goal to prepare one lakh young entrepreneurs every year.
• The government has allocated Rs 1,000 crore for the financial year 2024-25 to support this initiative.
• The loans, up to Rs 5 lakh, will be provided for projects in the industry and service sectors.
• This scheme is designed to foster economic growth and self-employment opportunities, benefiting both rural and urban areas.

Question:

1 What is the maximum loan amount provided under the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Scheme?

• A) Rs 1 lakh
• B) Rs 2 lakh
• C) Rs 3 lakh
• D) Rs 5 lakh

Answer: D) Loans up to Rs 5 lakh will be provided for projects in the industry and service sectors under the MYUVA Scheme.