UP Govt Launches MUVA Scheme: Interest-Free, Collateral-Free Loans Up To Rs 5 Lakh For Youth
The Uttar Pradesh government has launched the MUVA scheme to support young aspiring entrepreneurs in the state by addressing their primary funding challenges. Under this
The Uttar Pradesh government has launched the MUVA scheme to support young aspiring entrepreneurs in the state by addressing their primary funding challenges. Under this initiative, permanent residents of Uttar Pradesh aged between twenty-one and forty years can access collateral-free and interest-free loans of up to five lakh rupees. Eligible applicants must have passed at least Class 8 and hold a technical degree, diploma, ITI certificate, or a recognized skill training certificate.
The government also offers a margin money grant of up to ten percent of the project cost. Beneficiaries who repay their initial loan on time can apply for a second-stage loan between ten to twenty lakh rupees with an interest subsidy of up to fifty percent. Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel
The BriefWire