Chief Minister Yogi Adityanath, on Friday, said that the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) would play a crucial role in making the division self-reliant, forming a strong foundation for a self-reliant Uttar Pradesh and India.
The chief minister distributed loans worth Rs 47 crore to 1,148 young entrepreneurs from the Ayodhya division under MYUVA at an event held at Shri Ram Katha Park.
Addressing young entrepreneurs from the Ayodhya division, he said, “MYUVA will serve as a strong support for your economic self-reliance. This is an interest-free loan. If you repay the principal amount on time, the government will cover the interest.”
He also inaugurated and inspected an exhibition showcasing startups by young entrepreneurs. He encouraged young entrepreneurs to grow their businesses with patience and dedication.
This initiative was announced in the February 2024 budget and officially launched on January 24, 2025, with the introduction of an online portal. The initial goal was to enroll one lakh youth within two months, but the response has been overwhelming, with over three lakh registrations so far. Of these, 1,27,000 applications have been screened and sent to banks, and 32,000 applicants have already received loan approvals.
The chief minister mentioned that in order to further expand the scheme, the government will organise special fairs in all districts on March 25, 26, and 27, where more young entrepreneurs will get the opportunity to benefit from the initiative.
Praising the creativity of youth during a startup exhibition, Chief Minister Yogi noted, “Some are making chips, some are producing jaggery-based products, and others are sewing garments for deities. If you have the will to work, there is no shortage of opportunities in the state.”
The chief minister highlighted how these religious gatherings have created new economic opportunities, linking faith with livelihoods. He pointed out that thousands of youth have found employment through homestays, e-rickshaws, taxis, boats, grocery stores, tea stalls, hotels, restaurants, and even selling traditional herbal toothbrushes (datun).
He praised the increasing participation of women in various fields, stating that there is no shortage of opportunities – what is needed is the right direction and training. He also encouraged the youth to pursue skill development and move forward with confidence in their respective fields.
