UYEGP Scheme 2024: Apply Online, Eligibility, Status & Amount

UYEGP Scheme Apply Online & Registration Form | UYEGP Scheme Check Loan Amount & Age Limit | UYEGP Scheme Check Features & Benefits | UYEGP Scheme Check Empanelled Banks & Fields | UYEGP Scheme Check Eligibility & All Details |

The UYEGP Scheme, which was presented by the Department of Micro, Small, and Medium Enterprises, allows applicants or residents of the state of Tamilnadu to apply online for a loan facility that will facilitate them to launch their own businesses in a variety of manufacturing, service, and business-related fields.

Today through this article we will provide you with all types of information about UYEGP Scheme 2024 like Purpose, Eligibility Criteria, Benefits, Features, Important Documents, etc. Apart from this, we will share with you the process of applying online under this scheme. To get complete information about this scheme, read this article till the end.

UYEGP Scheme

Applicants and young people without jobs can now pursue opportunities for self-employment after completing the online registration process provided by the UYEGP Scheme. The applicants will be able to benefit from the loan facilities provided to them with the aid of this scheme. There will be no requirement for the applicants to move from rural to urban areas. Candidates with educational qualifications will be able to produce or create their own jobs.

The UYEGP Scheme has been launched with the active participation of the Department of Micro, Small, and Medium Enterprises and the Government of Tamil Nadu with the aim of creating employment opportunities for the people residing in rural areas of the state. They will receive 25% in subsidies when they take out the loan.

UYEGP Scheme: Apply Online, Eligibility, Status & Amount

Highlights Of UYEGP Scheme 2024

The highlights of this scheme are as follows:-

Name Of The Scheme	UYEGP Scheme
Known As	Unemployed Youth Employment Generation Programme
Launched By	Department of Micro, Small, and Medium Enterprises
Delegated Ministry	Ministry of Electronics and Information Technology
Delegated State	Tamilnadu
Allotted Portal	msmeonline Portal
No of empanelled Banks	3
Objective	To reduce the issues of unemployment issues
Benefit	The applicants will be able to carry out business ventures
Applicable to	Citizens of Tamilnadu
Beneficiaries	Unemployed Residents
Beneficiary Category	Rural Areas
Beneficiary Types	General & Special Categories
No of Beneficiary Types	2
Age Limit	18 to 45 Years
Annual Income Limit	Rs. 1,50,000/-
Form of Benefit	Loan Amount
Covered Fields	Manufacturing, Service, & Business
No of Covered Fields	3
Covered Banks	Nationalised Banks, Private Banks, & Tamil Nadu Industrial Cooperative Bank
No of Covered Banks	3
Loan Amount	Rs. 5 Lakhs to Rs. 10 Lakhs
Host Site	NIC (National Information Centre)
Last Date To Apply Online	Will be updated soon
Mode of Application	Online
Office Address	Department Of Industries & Commerce, SIDCO Corporate Office Building, Guindy Industrial Estate, Chennai 600 032
Email ID	indcom@tn.gov.in
Official Website	www.msmeonline.tn.gov.in

Objectives Of UYEGP Scheme 2024

The major objective of launching the UYEGP Scheme is to provide employment opportunities among the residents of Tamilnadu living in rural areas by which they will not need to migrate from rural areas to urban areas for the search of jobs or employment. This scheme will focus on providing socio-economic welfare to the applicants.

Another objective of launching the UYEGP Scheme is to provide loan amounts on subsidies so that the unemployed educated residents of Tamilnadu will be able to start up their own businesses or enterprises with the help of borrowed loan amounts. This will also bring a good contribution to the betterment of poor residents in rural areas. Some other objectives are as follows:-

1. Skill Development

One of the primary objectives of the UYEGP Scheme is to enhance the skills of urban youth. The scheme offers various training programs and workshops to equip young people with the necessary skills required for different industries. By providing skill development opportunities, the scheme aims to make the youth job-ready and increase their employability.

2. Job Creation

The UYEGP Scheme aims to create employment opportunities for urban youth. It encourages young people to start their own businesses and become job creators. The scheme provides financial assistance and support to aspiring entrepreneurs, helping them establish and grow their ventures. By promoting entrepreneurship, the scheme not only creates jobs but also fosters innovation and economic growth.

3. Financial Assistance

Financial assistance is a crucial aspect of the UYEGP Scheme. It offers grants, loans, and subsidies to eligible youth for starting their businesses or expanding existing ones. The scheme aims to remove financial barriers and enable young entrepreneurs to access the necessary capital for their ventures. This financial support plays a significant role in encouraging youth to pursue their entrepreneurial dreams.

4. Mentorship and Guidance

The UYEGP Scheme provides mentorship and guidance to young entrepreneurs. Experienced professionals and industry experts mentor the youth, helping them navigate the challenges of starting and running a business. This mentorship not only provides valuable insights but also instills confidence and encourages the youth to take calculated risks and make informed decisions.

5. Networking Opportunities

The scheme offers networking opportunities to urban youth. It organizes events, seminars, and conferences where young entrepreneurs can connect with industry leaders, investors, and potential partners. These networking opportunities help in expanding their professional network, gaining exposure to new ideas, and accessing resources that can contribute to the growth of their businesses.

6. Market Access

The UYEGP Scheme aims to provide market access to young entrepreneurs. It helps them showcase their products or services to a wider audience through exhibitions, trade fairs, and online platforms. By facilitating market access, the scheme enables youth to reach potential customers and expand their customer base, thereby increasing their chances of success.

7. Technology Adoption

Another objective of the UYEGP Scheme is to promote technology adoption among young entrepreneurs. It encourages them to embrace digital tools and platforms to enhance their business operations, marketing strategies, and customer engagement. By promoting technology adoption, the scheme equips youth with the necessary skills to thrive in the digital economy.

8. Women Empowerment

The UYEGP Scheme emphasizes women empowerment. It aims to provide equal opportunities and support to young women entrepreneurs. The scheme offers special incentives and programs to encourage women to start and grow their businesses. By promoting women empowerment, the scheme contributes to gender equality and inclusive economic growth.

9. Sustainable Development

The UYEGP Scheme aligns with the goal of sustainable development. It encourages young entrepreneurs to adopt sustainable practices in their businesses, such as eco-friendly production methods, waste management, and energy conservation. By promoting sustainable development, the scheme contributes to environmental protection and the overall well-being of society.

10. Continuous Learning

The UYEGP Scheme promotes continuous learning among urban youth. It encourages them to upgrade their skills, stay updated with industry trends, and embrace lifelong learning. The scheme offers various learning opportunities, such as workshops, seminars, and online courses, to support the personal and professional growth of young entrepreneurs.

Beneficiary Category

The applicants will need to attain the beneficiary category on the basis of which the applicants will be able to avail the benefits of this scheme. This scheme can be availed by the residents of Tamilnadu only who are living in the Rural areas and are still unemployed and searching for jobs.

Beneficiary Types

There are 2 types of beneficiaries are as follows:-

Special Category
General Category

Age Limit

The age limit applicable for the applicants are as follows:-

Beneficiary Category	Age Limit
Special Categories	18 to 35 Years
General Category	18 to 45 Years

Annual Income Limit

The annual income limit of the family will also be taken into consideration at the time of shortlisting the names of eligible beneficiaries for awarding the loan amount to the borrowers. The annual income limit of the applicant’s family must be Rs. 1,50,000/- and if it is not so then the applicant will get terminated.

Minimum Education Qualification

It doesn’t mean if the selection body has kept the beneficiary category and age limit as a selection parameter then the applicants will get selection. It is also mandatory for the applicants to possess the minimum education qualification set up or fixed by the selection body. The applicant will need to make sure that he or she must have passed at least the 8th class.

Facilitation Of Loan

With the help of this scheme, the government will be able to provide employment opportunities to the residents of TN state living in the rural areas because the applicants will be given access to borrow loans for their business start-up or creation of employment opportunities. Variable loan amounts can be borrowed by the applicants.

List of Covered Fields

The applicants can borrow loans for the below-mentioned fields:-

Manufacturing
Service
Business

Field Wise Lending Loan Amount

The loan amount that will be provided to the borrower are as follows:-

Field	Lending Loan Amount
Manufacturing	Rs. 10 Lakhs
Service	Rs. 5 Lakhs
Business	Rs. 5 Lakhs

Empanelled Banks

The below-mentioned banks will be empanelled for providing loans:-

Nationalised Banks
Private Banks
Tamil Nadu Industrial Cooperative Bank

Facilitation Of EDP Training

It doesn’t mean that if this scheme is focusing on providing or lending loans to the applicants of Tamilnadu state then the form of benefit of this scheme will not be limited to this sphere but the government or delegated department will also provide Entrepreneur Development Programme (EDP) Training for the duration of 1 week or 7 days.

UYEGP Scheme Last Date

The applicants can apply online before the last date for online form submission because it will provide them with timely registration. Students will also be able to get rid of the server-hanging issues. The last date to apply online has not been released. Whenever it will get released you may apply online.

Benefits Of UYEGP Scheme 2024

The benefits of this scheme are as follows:-

The government will be able to provide employment opportunities to the unemployed youth.
The youths will be able to start up their own business.
Variable loan amounts will be provided to the applicants.
This will generate employment opportunities among poor rural residents.
Rural residents will not have to migrate to urban areas in search of jobs.
One can apply online before the last date for getting rid of server-hanging issues.

Features Of UYEGP Scheme 2024

The features of this scheme are as follows:-

The Department of Micro, Small, and Medium Enterprises has launched the UYEGP Scheme.
This scheme has been launched with the active participation of the Government of Tamilnadu.
The full name of this scheme is the Unemployed Youth Employment Generation Programme.
Loan amounts of Rs. 5 Lakhs to Rs. 10 Lakhs will be provided to the borrowers.
Interest rates will also be charged as per the guidelines of the RBI.
For getting more information, one can visit the official website.

UYEGP Scheme Eligibility Criteria 2024

The applicants will need to follow the below-mentioned points to apply online for this scheme:-

The applicant must be a resident of Tamilnadu State.
He or she must belong to the special as well as general category.
The age limit must be 18 to 35 years for general and 18 to 45 years for special categories.
The annual income limit must be Rs. 1.50 lakhs.
He or she must be residing in the TN state for the last 3 years.

Important Documents

Some of the important documents required to apply under this scheme:-

Transfer certificate/ Record Sheet issued by School/College (Two Copies)
Ration Card (Two Copies)
In case of applicants who don’t possess valid Ration Card, a Nativity certificate from the Tahsildar/photocopy of an Aadhaar card/photocopy of an Election Voter’s ID card (Two Copies)
Project Report (Original & Duplicate)
Valid Quotations (Original & Duplicate) with GST number
Community Certificate (Two Copies)
Ex-Serviceman /Differently abled /Transgenders should apply with a valid certificate (Two copies)
An Affidavit in the prescribed format which should be typed on a Rs.20/- Non-Judicial Stamp Paper, duly certified and signed by the Notary Public and then submitted along with a copy of Rental/Lease Agreement to the bank while sanctioning the loan.

Process To Apply Online Under UYEGP Scheme 2024