CM Self Employment Scheme (CMEGP) – Eligibility, Apply Online

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CM Self Employment Scheme (CMEGP) – Eligibility, Apply Online – cmegp.kar.nic.in: In order to provide self-employment opportunities to the educated unemployed youth of the Uttar Pradesh state, a scheme called Chief Minister Youth Self Employment Scheme has been introduced. Candidates fulfilling the Chief Minister Self Employment Scheme Eligibility Criteria can apply for the Chief Minister Self Employment Scheme through online mode by visiting the official website @ cmegp.kar.nic.in. Candidates can get to know the CMEGP Loan Details, the process to fill out the Uttar Pradesh CM Self Employment Scheme Online Application, and more, by referring to the sections below on this page. Before you leave this page, if you find all the particulars in here with respect to the CM Self Employment Scheme Uttar Pradesh useful, we advise you to stay in tune with us always.

CM Self Employment Scheme – Overview

CM Youth Self Employment Scheme – Overview

Mukhyamantri Yuva Swarozgar Yojana is being operated with the aim of providing self-employment opportunities to the educated youth unemployed of the state. Under the scheme, loans up to Rs. 25.00 lakh for setting up industries and Rs.10.00 lakh for the service sector are provided through banks. There is also a provision to provide 25 percent margin money by the state government, which is a maximum of Rs. 6.25 lakh for the industry sector and a maximum of Rs. 2.50 lakhs.

For this, the candidate must be a native of Uttar Pradesh and must have passed high school. The age of the candidate should be between 18 to 40 years and he should not be a defaulter from any financial institution. After scrutiny under the scheme, the applications of the selected candidates are sent to the bank and the loan is sanctioned and distributed.

CM Self Employment Scheme Uttar Pradesh – Plan Funding

• Under the scheme, 25 percent of the total project cost to the micro-units of the total project cost of the industry sector up to Rs. 6.25 lakh and up to the maximum limit of Rs.2.50 lakh for the service sector, margin money will be made available, which will be converted into grants after the successful operation of the enterprise for 2 years
• Under the scheme, the general category beneficiaries will have to deposit 10 percent of the project cost as their contribution. The limit for special category beneficiaries such as SC/ ST/ OBC, minorities, women, and disabled people will be 05 percent of the total project cost
• The total project cost will include capital expenditure (excluding the cost of land purchase) and one cycle of working capital. The cost of taking workshop/ workshed on hire can be included in the project cost but the cost of purchase will not be included in the project cost
• After deducting the contribution of the project holder, the bank will finance the project in the form of a composite loan, which will also include a term loan and working capital
• Special category beneficiaries will have to attach a certified copy of the relevant certificates issued by the competent authority to get the benefit along with the application form
• Under the scheme, financing will be done by nationalized banks, regional rural banks, and other scheduled banks.

CM Youth Self Employment Scheme Eligibility Criteria

• The applicant should be a native of Uttar Pradesh and his age should be between 18 years to 40 years
• The minimum educational qualification of the applicant should be passed High School or its equivalent
• The applicant should not be a defaulter of any nationalized bank/ financial institution/ government institution etc
• The applicant should not have availed of benefits under the Pradhan Mantri Rozgar Yojana, the Prime Minister’s Employment Generation Program currently runs, the Chief Minister’s Employment Scheme, or any other self-employment scheme run by the Central or State Government
• The applicant or any member of his family will be benefited only once under the scheme. It will be mandatory to submit an affidavit regarding the fulfillment of eligibility conditions by the applicant.

Chief Minister Self Employment Scheme Selection Process

The selection of the beneficiary is done through interviews by the District Working Group Committee constituted under the chairmanship of the District Magistrate.

Project Approval

According to the techno-economic feasibility, the loan for the project is sanctioned and disbursed by the financing branches of the banks.

How to Fill the Uttar Pradesh CM Self Employment Scheme Online Application?

• Visit the official website
• Then the Directorate of Industries and Enterprise Promotion home page will get appeared on the screen
• Click on the Apply tab under Chief Minister Youth Self Employment Scheme
• If you are a new user, register yourself first
• Then log in with your registered username and password
• Enter your details in the fields asked and submit the required documents
• Finally, submit the application before the end date strikes

CM Youth Self Employment Scheme Online Application Link

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