Unemployed Youth Employment Generation Programme (UYEGP)
UYEGP helps educated unemployed youth start businesses with low-cost loans.
Objective
To create employment opportunities for unemployed youth, particularly from marginalised segments of society, by promoting self-employment ventures.
Key Benefits
- Ventures can be initiated with project costs up to Rs.15 lakhs for manufacturing and Rs.5 lakhs for services, facilitated through subsidy-linked credit loans.
- The government provides a subsidy of 25% of the project cost (up to Rs.2.5 lakhs), easing the financial burden.
- Beneficiaries contribute 10% to the General Category and 5% to the Special Category. (SC/ST/MBC/BC/Minoriities/ Ex-Servicepersons/ Differentially abled/ Transgender).
- Focuses on empowering marginalised sections with self-employment opportunities.
Snapshots
25%
Project cost
2.5 Lakh
Subject Maximum
18 years
Applicant Minimum Age
35 years
General Category Max Age
45 years
Special Category Max Age
Eligibility Criteria
- The applicant should be minimum 18 years of age.
- For General category: maximum 35 years of age.
- For Special category (SC/ ST/ MBC/ BC/ Minorities/Ex-Servicemen/ Differently-abled/ Transgender): maximum 45 years of age.
- The applicant should have passed 8th standard.
- The upper age limit is 35 years for the General Category and 45 years for the Special Category (SC/ ST/ MBC/ BC/ Transgenders).
Other Schemes
