Chief Minister Yogi Adityanath, on Thursday, emphasised Prime Minister Narendra Modi’s vision of youth as the nation’s energy, stressing the need for guidance and opportunities.
“Inspired by this, the Bharatiya Janata Party’s double-engine government launched a campaign to create 10 lakh young entrepreneurs in Uttar Pradesh,” the chief minister said.
At Baba Gambhirnath Auditorium, the chief minister distributed Rs 100 crore in loans to 2,500 beneficiaries from Gorakhpur and Basti under the CM Yuva Udyami Vikas Yojana. Additionally, 2,100 trainees received toolkits under the One District One Product scheme. The chief minister highlighted that these pre-Holi benefits would empower youth to become entrepreneurs.
Before this, Chief Minister Yogi also visited the exhibition. A short film by the Micro, Small and Medium Enterprise department was also screened.
The chief minister highlighted the overwhelming response to the Mukhyamantri Yuva Udyami Yojana, which was launched on January 24, 2025. He said that in just over a month, 2,54,794 applications had been received –exceeding the target of one lakh entrepreneurs for the entire year.
“This reflects the popularity of the scheme,” he said. So far, one lakh applications have been sent to banks, with Rs 931 crore in loans sanctioned for 24,000 beneficiaries and Rs 410 crore already distributed to 10,500 applicants. In Gorakhpur and Basti divisions, Rs 67.14 crore in loans was sanctioned for 1,440 beneficiaries, while Rs 25.80 crore was previously distributed to 575 applicants.
The chief minister said that India was moving in a new direction under Prime Minister Narendra Modi’s leadership. Over the past 10 years, the country has emerged as a global economic powerhouse, with the youth playing a key role in making India the world’s fifth-largest economy. He pointed out.
“In the next two years, India will become the third-largest economy, and young entrepreneurs will drive this growth,” he added.
He further mentioned that initiatives like Startup India, Standup India and Make in India have been promoted, enabling the youth to drive the vision of a self-reliant India.
The chief minister said that today, loans were distributed to young entrepreneurs from all seven districts of Gorakhpur and Basti divisions (Gorakhpur, Deoria, Kushinagar, Maharajganj, Basti, Sant Kabir Nagar and Siddharth Nagar). He mentioned that the government had faith in the energy and vision of the youth but understood that lack of capital was a challenge.
“We decided that financial constraints should not stop talented individuals from turning their vision into reality,” he added.
The chief minister stated that the Mukhyamantri Yuva Udyami Yojana was launched by the vice president, providing interest-free loans of up to Rs 5 lakh to one lakh new entrepreneurs annually. The government also offers 10 per cent margin money support, with special provisions for Scheduled Castes, Scheduled Tribes, women, and backward-class entrepreneurs. “Many from these communities have joined the programme and are benefiting from it,” he said.
Chief Minister Yogi highlighted the potential of youth, stating that they have the energy to create something new. During his visit to stalls set up by young entrepreneurs under the scheme, he observed businesses in ready-made garments, food products, and other sectors.
He emphasised that opportunities are abundant, and with determination, young entrepreneurs can achieve success. “If you have the courage, you will find your path, and the government is ready to support you,” he added.
He mentioned that different schemes were launched in Uttar Pradesh on various Foundation Days to boost economic growth. On January 24, 2018, the state’s first Foundation Day, the One District, One Product (ODOP) scheme was introduced, which has now become one of the country’s largest and most popular initiatives. Uttar Pradesh currently has 96 lakh MSME units, which are providing employment to over three crore youth.
He noted that youth are now not just job seekers but also job creators, as each MSME unit can employ one to ten people. “Uttar Pradesh has entered a new era of prosperity and growth, with rising exports and expanding opportunities,” he said.
Chief Minister Yogi also mentioned the Vishwakarma Shram Samman Scheme, launched on a later Foundation Day to honour artisans and craftsmen. Encouraging young entrepreneurs, he advised them to be patient in business, as \capital and prosperity grow over time. “This is the very objective of CM Yuva Udyami Yojana, and the government is fully committed to achieving it,” he added.
Chief Minister Yogi reaffirmed his confidence in young entrepreneurs, praising their innovative use of resources. He highlighted how products made from terracotta, banana fibers, and raw materials like chips, pickles, juice, and bags are creating new business opportunities. “The ability to turn waste into wealth is a true vision, and we must guide society in this direction,” he said.
He also spoke about Kala Namak rice, rich in protein, vitamins, and carbohydrates, which has been cultivated in Siddharthnagar and Maharajganj for over 2,500 years. Many young entrepreneurs are now involved in its production, packaging, and export. Additionally, Gorakhpur’s terracotta industry, Maharajganj’s carpentry work, and Sant Kabir Nagar’s brass industry in Bakhira are thriving due to youth participation, he added.
He mentioned that in order to further support startups, the government has allocated Rs 1,000 crore until March 31 to prepare new youth entrepreneurs across the state. From April 1, another Rs 1,000 crore will be provided to create one lakh new entrepreneurs, he added. “Earlier, goods came from Dubai, but now our youth are exporting readymade garments there. This will bring money and jobs to India,” he said, adding that New India wants to bring happiness on everyone’s face.
The chief minister pointed out that earlier, getting a bank loan in the state was difficult, but recent efforts have streamlined the process. “A meeting was recently held in Lucknow, where bank officials were directed to speed up loan approvals,” he said.
So far, 25,000 people have had their loans sanctioned, with over 10,000 already receiving funds. This initiative is also helping increase the Credit-Deposit (CD) ratio of banks.
Referring to MP Ravi Kishan’s words, Chief Minister Yogi emphasised how the BJP government honoured public faith during Maha Kumbh, turning it into a source of livelihood and economic growth. “Spending Rs 7,500 crore resulted in a Rs 3.5 lakh crore boost to the economy – this might seem like a miracle to the world, but for India, it is a part of daily life,” he stated.
He cited examples of how various professions benefited, highlighting a boatman in Prayagraj whose family owns 130 boats and earned Rs 30 crore in just 45 days during the event. This, he said, showcases how faith and tradition are contributing to economic prosperity in the state.
Chief Minister Yogi emphasised the importance of hard work and dedication, stating that “those who work hard will achieve great results”. He highlighted that New India and New Uttar Pradesh offer security, cultural richness, and prosperity. Encouraging entrepreneurs, he advised, “Do business with honesty, and you will get positive results.”
The event was attended by MSME Minister Rakesh Sachan, MP Ravi Kishan, MLC Dr Dharmendra Singh, MLAs Vipin Singh, Rajesh Tripathi, Mahendra Pal Singh, Pradeep Shukla, Vimlesh Paswan, Sarvan Nishad, Anil Tripathi, Jaymangal Kannaujiya, Dr Aseem Kumar and Gyanendra Singh. Also present were UP Commission of Women Vice Chairperson Charu Chaudhary, UP Cow Service Commission Vice-President Mahesh Shukla, Kali Bari temple mahant Ravindra Das Maharaj, and Industry Commissioner & Director K Vijayendra Pandian, among other dignitaries.