UNEMPLOYED YOUTH EMPLOYMENT GENERATION PRORAMME

| Sector: Industries

To generate self-employment opportunities for the educated unemployed in their native places itself, the scheme provides financial support to economically viable manufacturing service, and business activities.

Eligibility Condition

8th Standard Pass, 18 years of age and not exceeding 35 years for general category and 45 years for special category (SC/ST/BC/MBC/Ex-servicemen)

Procedure to obtain the benefit/Service

Under the scheme, loans up to Rs.10 lakh would be given for manufacturing activity up to Rs.3 lakh for service activity and up to Rs. 1 lakh for business activities through all nationalized banks and private sector banks. For the beneficiaries under this scheme subsidy of Rs.25% of the project cost not exceeding Rs. 1.25 lakhs.

The aspiring entrepreneur may apply in online through the web site address http://www.msmeonline.tn.gov.in/uyegp/ or contact the General Manager, District Industries Centre, Erode for further assistance and other details.

Beneficiary:

8th Standard Pass, 18 years of age and not exceeding 35 years for general category and 45 years for special category (SC/ST/BC/MBC/Ex-servicemen)

Benefits:

Under the scheme, loans up to Rs.10 lakh would be given for manufacturing activity up to Rs.3 lakh for service activity and up to Rs. 1 lakh for business activities through all nationalized banks and private sector banks. For the beneficiaries under this scheme subsidy of Rs.25% of the project cost not exceeding Rs. 1.25 lakhs.