Scheme to Promote Entrepreneurship Among Youth | 16 Aug 2024

Why in News?

Recently, Uttar Pradesh Chief Minister announced the launch of a new initiative, the Mukhyamantri Yuva Udyam Vikas Abhiyan Yojana, aimed at empowering youth.

Key Points

  • Under the scheme, financial support will be provided to young individuals interested in entrepreneurship, with a target of establishing one million micro, small, and medium enterprises (MSME) units across the state.
  • Over 16.2 million young people have secured employment through investments made in the State.
  • 62 lakh youth have been connected with self-employment opportunities by leveraging both Central and State Government schemes.
  • To further boost entrepreneurship, a dedicated start-up fund has been established to finance new ventures.