Vishwakarma Yuva Udyami Protsahan Yojana

The Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY) has been initiated to provide new employment opportunities for youth in the state through financial institutions by offering margin money and interest subsidy loans. The objective of this scheme is to facilitate the establishment of self-enterprises and the expansion, diversification, or modernization of existing enterprises by providing low-cost loans, thereby creating new employment opportunities. This will not only ensure easy access to loans for enterprises and employment but will also enable beneficiaries to avail better benefits from other central/state government schemes for various stages of their enterprises.

• Financial assistance for establishing new enterprises
• Interest subsidy on loans
• Support for expansion, diversification, or modernization of existing enterprises
• Access to additional government schemes for further enterprise development

1. Youth aged between 18 to 45 years
2. Individuals from all categories including Economically Weaker Sections (EWS)
3. Must have a viable business plan or project proposal

Online

1. Visit the official portal for the scheme.
2. Fill out the online application form.
3. Submit required documents including identity proof, address proof, and business plan.
4. Await approval and further instructions from the Industries & Commerce Department.

For more details, refer to the following documents:

• Notification
• Guidelines