UYEGP Scheme | UYEGP Scheme 2023: Apply Online, Application Form & Status, Eligibility

UEEGP Scheme:- The new scheme will provide subsidy up to 25% of the project cost to the beneficiaries. The UEEGP scheme is only a scheme for the citizens of Tamil Naidu under the MSME sector.

The Tamil Nadu UEEGP program seeks to reduce unemployment among the economically and socially disadvantaged. It is designed to reduce rural-to-urban migration due to unemployment and encourage self-employment of the educated unemployed in their communities.

These young people are given funds to start manufacturing, businesses and entrepreneurship. In today’s post, we will discuss the motivation for starting the Unemployed Youth Employment Generation Program In addition, its features and benefits, as well as the application process

UYEGP Scheme 2023

The Tamil Nadu government launched the Unemployed Youth Employment Generation Program (UYEGP) by the Department of Micro, Small and Medium Enterprises. In addition to overcoming many other business obstacles, entrepreneurs need immediate access to capital to start a new company.

There may or may not be situations where banks will not support them in the first place, for whatever reason. To address this issue, the Tamil Nadu government has implemented a loan scheme for small businesses.

The UEEGP program is an initiative designed to motivate unemployed youth to become self-employed and promote youth entrepreneurship.

The state government has been concerned about grants, but has also put some barriers in place to achieve its goals, such as the age, educational qualifications and family income that must be met before applying under the scheme build .

The good news is that no assets or trusts are taken from the applicant. Loans facilitated through commercial banks are provided. Overall, promoters will not exceed 10% of the allocated programs, and the remaining participants in the program will help new entrants launch their businesses

TN Unemployed Youth Employment Generation Programme Details

Scheme Name	UYEGP Scheme
launch year	2022
Launch by	The Tamil Nadu State Government
Beneficiaries	citizens of the state and who have been citizens for the last 3 years.
Objectives	provide loans and subsidies for businesses to low-income citizens.
Subsidy	25% of the total Project
Website	www.msmeonline.tn.gov.in

UYEGP Scheme Objectives

The main objective of this UEEGP program is to reduce unemployment among the socio-economically disadvantaged sections of the population, especially the educated and unemployed, through which they receive loans and grants from the national government. Serving all the poor of the country means that the government is trying to create a better life for members of minority groups.

UYEGP Scheme Benefits & Features

• Sponsor contribution of 10% for general programs and 5% for special class programs to reduce the challenges of unemployment among the economically and socially disadvantaged sections of society.
• Construction, Commercial, Service Projects: Individual-Based Capital Grant @ 25% of Project Cost Max Project Cost Rs. 15,00,000, Rs. 50,000, and Rs. 500,000 Individual-Based Capital Grant @ 25% of Project Cost (Max Rs. 2.50 Lacs)
• The payment of interest under the UEEGP scheme is in line with the RBI guidelines on district level selection of beneficiaries to ensure maximum participation of each district.
• Course in Entrepreneur Development Program (EDP) for seven days from receipt of program.
• Use financial institutions including nationalized banks, private banks and Tamil Nadu Industrial Co-operative Bank for loans.
• The District Industry Center (DIC) marketing support also organizes buyer-seller meetings from time to time.
• The program prioritized district-level beneficiary selection to ensure equitable distribution of benefits across all districts.
• All recipients must participate in a seven-day Entrepreneur Development Program training course.
• A wide network of banks and financial institutions providing instant finance including nationalized banks, private banks and Tamil Nadu Industrial Co-operative Bank
• CGTMSE offers loans up to Rs. 10 lakhs without requiring collateral or security from the borrower.
• The Executive Director of the concerned Regional Industry Center shall organize frequent meetings of buyers and sellers to provide marketing assistance.

UYEGP Scheme Eligibility

• Entrepreneurs must have an eighth grade.
• Any adult (18+) can apply for UYEGP. The age limit for special groups is 35 years and in special groups is 45 years.
• The annual income of the couple should not exceed Rs. 1,50,0 respectively
• Employees must have a 3-year tenure.
• Training is important for UYEGP loans.
• To apply for UYEGP, the recipient must not have received any State/Central Government loan or grant.
• Applicants must have passed eighth grade.
• She has been living in Tamil Naidu for the last 3 years.
• Applicants must not have any prior loans.

Unemployed Youth Employment Generation Programme Documents

• ID Proof
• A quote for the necessary resources included in the project.
• Educational qualification certificate.
• Project report
• Residential proof
• Caste certificate (If applicable)
• Handicapped (If applicable)
• Images that are passport size
• Mobile Number

UYEGP Scheme Application Process

• Visit the official website and the homepage will be displayed.

• UYEGP Policy Framework
• Select the UYEGP scheme from the MSME homepage.

• The link will take you to another page.

• On this new page, click on the link that says “Apply Online” and then click on “New Application.” The Unemployed Youth Employment Generation Program application form will display.
• The applicant must provide basic information about the employee, as well as their email address and education. Arrange them carefully.
• Then upload the scanned images to the exact size the website requested.
• You must provide information about the activity mode, the factory sector, the originating address of the activities, and the cost of the project.
• Once you have filled in the information, you can see the list of documents to upload.
• Click the “Proceed” button to continue the application. You will receive an application form when you submit your application.
• Then select “Upload Documents” under “Apply Online” in the Micro, Small and Medium Enterprises section.
• Provide the application ID and click on the “Submit” button. You can send all the files.
• Click “Submit” to submit your form. The authorities will then investigate you, verify it and inform you further.
• If accepted, you will be called for an interview. If the applicant is successful in the interview, the bank will be asked to approve the loan.
• The bank will approve the loan. A candidate for EDP training will receive an attendance notice.
• You must submit your EDP training certificate. The affidavit shall be on a non-court stamp of Rs.20/- and signed by the Notary Public. The affidavit must be submitted to the bank along with a copy of the mortgage or lease agreement at the time of loan approval.
• You will then receive an EDP form for training and must attend that training session. After that you also get a training certificate.
• Then submit the certificate to the bank, and the loan will be issued.

UYEGP Scheme FaQs?

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