9311937800

MYUVA Scheme

Chief Minister Young Entrepreneur Development Campaign - Empowering Youth Entrepreneurship

Scheme Overview

The MYUVA Scheme is a flagship initiative to promote entrepreneurship among the youth of the state by providing financial support, mentorship, and training to turn innovative business ideas into successful enterprises.

Financial assistance up to ₹15 lakh
Business incubation support
Entrepreneurship training
Market linkage assistance

Youth Entrepreneurship

Eligibility Criteria

Age Limit

18 to 35 years

Residency

Must be a resident of the state for minimum 5 years

Education

Minimum 10th pass or ITI certificate

Business Status

New startup or existing business less than 2 years old

Scheme Benefits

01

Financial Support

Project cost up to ₹15 lakh with 30% subsidy (maximum ₹4.5 lakh)

02

Interest Subsidy

7% interest subsidy for 5 years on bank loan

03

Training & Mentorship

Comprehensive entrepreneurship development program

04

Infrastructure Support

Access to incubation centers and industrial estates

05

Market Linkage

Support for market access and buyer-seller meets

06

Technology Support

Assistance in technology adoption and upgradation

Financial Assistance Details

Project Cost

Up to ₹15 Lakh

Maximum permissible project cost

Capital Subsidy

30% of Project Cost

Maximum ₹4.5 lakh subsidy

Interest Subsidy

7% for 5 Years

On bank loan component

Entrepreneur Contribution

Minimum 10%

Of the total project cost

Priority Sectors

IT & ITES

Software development, digital services, BPO

Food Processing

Agro-processing, packaged foods, beverages

Textile & Handloom

Handloom products, garments, traditional crafts

Manufacturing

Small scale manufacturing units

Green Energy

Solar products, waste management, eco-friendly products

Healthcare

Medical equipment, diagnostic centers, wellness

Required Documents

Personal Documents

  • Aadhaar Card
  • PAN Card
  • Residence Certificate
  • Age Proof
  • Educational Certificates

Business Documents

  • Business Plan/Project Report
  • Udyam Registration
  • Quotations for Machinery
  • Proof of Business Address
  • Bank Account Details

Financial Documents

  • Project Cost Details
  • Means of Finance
  • Income Proof
  • Bank Statement (6 months)
  • Collateral Documents (if any)

Application Process

1

Registration

Online registration on MYUVA portal with basic details

2

Business Plan Submission

Submit detailed business plan and project report

3

Training Program

Attend mandatory entrepreneurship development program

4

Project Approval

Project evaluation and approval by district committee

5

Bank Sanction

Loan sanction from empaneled bank

6

Disbursement

Fund disbursement and business setup

Start Your Entrepreneurial Journey

Get complete guidance for MYUVA scheme application and business setup

Apply Now