Uttar Pradesh

• 16 Aug 2024

Scheme to Promote Entrepreneurship Among Youth

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.