Applications invited for UYEGP

Applications have been invited for the Unemployed Youth Employment Generation Programme (UYEGP) for the current financial year.

The UYEGP scheme provides for advancing bank loans of up to Rs. 1 lakh for business ventures, up to Rs. 3 lakh for service sector and up to Rs. 10 lakh for manufacturing sector for youth with a pass in class 8. Candidates between 18 and 35 years of age with an annual family income less than Rs. 1.50 lakh are eligible, District Collector K.Rajamani said in a press release.

The maximum age limit is 45 for women, ex-service personnel, persons with disabilities, transgenders, minorities and candidates for backward and SC/ST communities.

The beneficiaries will be selected by a district-level committee that will recommend sanctioning of bank loans. The State government will extend 25 % subsidy of the project cost. Applications should be filed online at the website: www.msmeonline.tn.gov.in