The Unemployed Youth Employment Generation Programme (UYEGP) is a programme designed to help those from socially and economically disadvantaged backgrounds who are unemployed or underemployed by enabling them to start their own manufacturing, services, or business ventures and become self-employed.

Eligibility for The Unemployed Youth Employment Generation Programme :

• The candidate must be a minimum of an eighth
• Maximum Age: Ages 18 to 45
• Ages 18 to 35 (Other Men in the Community)
• kin Annual Income: Not to surpass Rs. 1,50,000
• Residence: Must have lived in the same place for a minimum of three years.

Scheme Highlights

• The promoter pays 10% of the project cost for entrepreneurs in the General Category and 5% for those in the Special Category.
• 25% of the project’s total cost as a subsidy (up to Rs. 1.25 lakhs).
• It is required that the chosen recipients complete seven days of EDP training. At least once every two weeks, the District Task Force Committee will interview potential beneficiaries.

What are the advantages of the Youth Employment Generation Program for Unemployed?

The program for unemployed youth employment generation assists qualified youngsters in obtaining loans for the following sectors of the economy:

• Manufacturing up to 10 lakhs
• Service industry – up to 2 lakhs
• Trading – up to 1 lakh

Which documents are required for the Generation of Unemployed Youth Employment Program?

• The school or college issues a record sheet or transfer certificate. (Dual Sets)
• Caravan Ration. (Dual Sets)
• If an applicant does not have a valid Ration Card, a copy of their birth certificate from Thasildhar, their Aadhar card, or their election voter identity card. (Dual Sets)
• Project report/business plan Community certificate (two copies) Valid quotes (original and duplicate) with GST number
• Applicants who are transgender, ex-servicemen, or differently abled must submit two genuine copies of their certificate. ➢ Affidavit: The format is provided here for the candidate’s reference. It must be typed on Rs. 20/-Non-Judicial Stamp Paper, properly certified and signed by a Notary Public, and presented to the bank for loan approval together with a copy of the rental or lease agreement.

The above specified documents should be enclosed and sent to the District Industries Center.

A business plan, sometimes referred to as a project report, is one of the most important documents on the list above when requesting a bank loan. This document is used by the bank to evaluate a project’s overall viability, risks, financial stability, and potential. The likelihood of a loan being approved rises with a well-written and compelling project report. You can create an engaging project report using Finaxis in less than ten minutes. In your language as well. Additionally, all Indian banks operating in the public and commercial sectors recognize our reports.