“The Samajwadi Yuva Swarozgar Yojana, now known as Mukhyamantri Yuva Swarozgar Yojana, is a flagship initiative by the Uttar Pradesh government to boost youth entrepreneurship. Offering loans up to ₹25 lakh, skill training, and subsidies, it empowers unemployed youth to start businesses, fostering self-reliance and economic growth. Recent updates highlight its expanded reach and digital application process.”
UP’s Youth Entrepreneurship Revolution
The Uttar Pradesh government’s Mukhyamantri Yuva Swarozgar Yojana (MYSY), originally launched as the Samajwadi Yuva Swarozgar Yojana in 2012 under former Chief Minister Akhilesh Yadav, has evolved into a cornerstone of youth empowerment. Rebranded and revamped in 2018 by the Yogi Adityanath government, the scheme aims to curb unemployment by providing financial and logistical support to young entrepreneurs aged 18–40. As of June 2025, over 55,000 youth have benefited, with the state targeting 10 lakh micro, small, and medium enterprises (MSMEs) over the next decade.
The scheme offers loans up to ₹25 lakh for manufacturing ventures and ₹10 lakh for service-based businesses, with no collateral required for projects under ₹4 lakh. A 25% subsidy, capped at ₹6.25 lakh for manufacturing and ₹2.5 lakh for services, is provided to eligible applicants. Special provisions prioritize women, Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), and minority communities, offering up to 25% margin money for these groups compared to 15% for general categories in urban and rural areas.
Recent updates underscore the scheme’s digital transformation. The Yuva Sathi portal (www.yuvasathi.in) (www.yuvasathi.in) and the CM Yuva app, launched on June 27, 2025, during International MSME Day, streamline applications and provide real-time monitoring. Over 90 lakh MSME units have been supported, with interest-free loans up to ₹5 lakh extended to thousands. The state has allocated ₹1,000 crore for 2024–25, emphasizing its commitment to fostering self-reliance.
Training programs like Vishwakarma Shram Samman Yojana and UP Skill Development Mission enhance applicants’ skills, with workshops and toolkits provided post-training. The scheme’s inclusivity is evident in its diverse beneficiaries, who have launched ventures in digital marketing, solar panel installation, and traditional crafts like Lucknow’s Chikankari and Kannauj’s perfumes, aligning with the state’s One District One Product (ODOP) initiative.
Eligibility requires applicants to be Uttar Pradesh residents, have a minimum high school education, and not be defaulters or beneficiaries of other government employment schemes. The application process is fully online via the UP MSME portal (msme.up.gov.in), ensuring transparency and accessibility. The scheme’s impact is transformative, creating jobs and fostering a culture of entrepreneurship across urban and rural Uttar Pradesh.
Disclaimer: This article is based on information from government websites, recent news reports, and official announcements. Data is sourced from credible platforms like The Hindu, Times of India, and UP government portals. Readers are advised to verify details through official channels for the latest updates.