Chief Minister Yuva Swarojgar Yojana

Question: which is not true about the Chief Minister Yuva Swarojgar Yojana launched by Uttar Pradesh Government?
(a) 25 lakhs will be provided for the unemployed youth / women to set up a unit of industry sector.
(b) Loan amount up to Rs. 10 lakhs will be provided to open the services sector unit viz. computer center and tent house etc.
(c) Applicant’s eligibility age for the plan should be between 18-55 years.
(d) Minimum educational qualification should be high school.
Answer: (c)
Related Facts:

  • The ‘Chief Minister Yuva Swarojgar Yojana’ has been started by the Uttar Pradesh government to set up self employment for the unemployed educated youth.
  • Under the scheme, the unemployed youth / women can get a loan of upto Rs. 25 lakhs for setting up a unit of industry sector and upto Rs. 10 lakhs for opening a service center unit, viz. computer center, tent house etc.
  • On April 23rd, 2018, this information was provided by Sharveshwar Shukla, Deputy Commissioner, District Industry and Enterprise Promotion Center, Lucknow.
  • Applicant’s eligibility age for this scheme should be between 18-40 years.
  • Minimum educational qualification is high school and candidate should not be defaulter of any national bank / financial institution / government body etc.
  • Such candidates will be eligible for this scheme which has not previously received the benefit of margin money grant in any scheme run by the Government of India / State Government.
  • Priority will be given to the units of low project cost in obtaining loans.

Reference:
http://information.up.nic.in/attachments/files/5addbbdb-762c-4d7e-a75b-64e70af72573.pdf
https://www.livehindustan.com/uttar-pradesh/lucknow/story-25-lakh-loan-can-be-available-1920273.html