"2.66 lakh youth applied for the scheme": CM Yogi on Chief Minister's Youth Entrepreneur Development Campaign

While addressing the event in Meerut, CM Yogi heaped praise on the Union Government's 'Startup India' scheme and stated that the kind of enthusiasm shown by the youth of the state is commendable.

Furthermore, CM Adityanath opened up on the challenges of the scheme and stated that the government had thought until the end of the financial year 2025 that it was not possible to give loans to one lakh youth.

"The enthusiasm shown by the youth from across the state under this new scheme reflects the inclination of the youth of the state towards furthering the efforts of the Honorable Prime Minister's Startup India and Standup India. We launched this scheme on 25 January 2025 and initially we thought that it would be difficult for one lakh entrepreneurs to get a loan by the end of this financial year and so many people would not even apply", CM Yogi said.

Furthermore, CM Yogi emphasised on the success of the scheme and stated that when the portal was launched and stated that till now around 2.66 lakh youths have registered for the scheme. The Uttar Pradesh CM said that around 1 lakh registrations have been sent to banks and they have sanctioned around 25 thousand loans.

"When its portal was launched, about 2 lakh 66 thousand youth applied for this scheme as compared to about one lakh. More than one lakh applications have been sent to the banks and the banks have also carried forward a big program of loan distribution by sanctioning more than 25000 loans so far", he said.

CM Yogi further heaped praise on the work done by the double-engine government in the state. He said that investment has come in the UP due to the better law and order situations and added that investment proposals of over Rs 15 lakh crores have been implemented.

"The result of the work done by the double-engine government in the last eight years in the state is that due to a better security situation and a better law and order situation, investments are coming to the state from all over. So far, we have implemented investment proposals worth more than 15 lakh crores", CM Yogi said. (ANI)