Will set up a unit of up to 50 lakhs to set up his own enterprise and service business. These projects will be funded through banks.
People of Uttar Pradesh will not have to look to other states for employment and business. The Yogi government, which had provided employment to more than 17 lakh migrant workers during the corona and lockdown, is now going to provide them huge employment and self-employment opportunities in their cities and villages. For this, the state government has implemented the Chief Minister Pravasi Rojgar Yojana in the state. Under the scheme, migrant workers will be able to start their own enterprises by contributing only 5 per cent. Under the scheme, migrant workers will be able to set up units up to 50 lakh rupees. 70 percent of the cost of the project can be availed from banks, while 25 percent will be borne by the state government in the form of grant. Under this, workers coming back from other states will be encouraged to give employment in industrial and service sector units working in the state to make them employment-oriented and self-employed.
Under the scheme, such workers, workers who are skilled in any mode of electrician, plumber, mechanic, tailor, driver, weaving, dyeing etc. and are willing to do their self-employment, such workers, workers to set up self-employment unit projects. The state government will help.
Up to 50 lakh units will be installed
According to the information received from the Chief Minister’s Office, the state government will set up a unit of up to 50 lakhs for migrant workers, workers to set up their own enterprises and service businesses in their village, city. These projects will be funded through banks. Workers and workers will have to submit their own 5 percent contribution. Such workers and workers will also be allowed under the scheme, who will be able to borrow money from their own private sources by taking bank loans.
Business units will be installed
Under the scheme, 25 percent margin money grant will be made available by the state government. In this way, the project will be set up by providing loans from banks at 70 percent of the project cost. Interest will be payable by the banks only on the loan amount. All categories of industries, services and businesses can be set up under the scheme. All types of business activities will be included in the plan. Under the scheme, light commercial vehicles can also be purchased for freight transportation. All migrant workers will be eligible for the scheme.
Must be 8th pass to do business
The data of these workers has been collected by the Employment Department. These figures will be used for the implementation of the scheme. For applying self-employment and getting loan, a minimum of class 8 pass will be compulsory. Passing high school will be compulsory for a project of more than 10 lakhs. For such migrant labor workers who will be able to raise money from their sources without taking bank loan, they will not be obliged to pass Class-8. The age limit for the scheme has been fixed at 18 to 59 years. The application will be arranged online. At present, a link will also be made in the Mukhyamantri Yuva Swarozgar Yojana operated online. Applications received online will be sent to banks after testing on the lines of Mukhyamantri Yuva Swarozgar Yojana.
10 days training will be done
After dispatch of application forms under the scheme, the workers will be imparted 10 days skill training through Skill Development Mission Entrepreneurship Development Institute ITI and training institutes of the State and Government of India. The margin money will be made available by the department on the lines of Mukhyamantri Yuva Swarojgar Yojana after sanction of loans and disbursement of first installment by banks. The margin money amount will be deposited as TDR in the bank and will be adjusted in the beneficiary’s account after successful operation of the unit for one year. The bank will only charge interest on the loan amount.
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