About The Scheme
Unemployed Youth Employment Generation Programme (UYEGP) is a transformative initiative by the Micro, Small, and Medium Enterprises Department of the Government of Tamil Nadu. Launched to tackle unemployment among socially and economically vulnerable groups, especially the educated youth, this scheme aims to empower them to become entrepreneurs. By offering financial assistance and subsidies, the program enables individuals to establish their own ventures, fostering self-reliance and economic growth.
Objectives of this Scheme
- Mitigate unemployment issues among socially and economically weaker sections.
- Empower marginalized youth to become entrepreneurs.
- Provide financial assistance for establishing businesses.
Full Overview Of Unemployed Youth Employment Generation Programme
| Name of Scheme | Unemployed Youth Employment Generation Programme (UYEGP) |
|---|---|
| Announcement | Introduced by the Micro, Small, and Medium Enterprises Department, Government of Tamil Nadu |
| State Name | Tamil Nadu |
| Objectives | Mitigating unemployment among socially and economically weaker sections, particularly focusing on educated and unemployed youth |
| Incentive | Subsidy assistance up to 25% of the project cost, with a maximum limit of ₹2.50 lakhs |
| Beneficiaries | Eligible residents of Tamil Nadu, emphasizing inclusivity across age and socio-economic groups |
| Application Starts | Ongoing; Apply online through the official website of the Micro, Small, and Medium Enterprises Department, Government of Tamil Nadu |
| Process | Online application, verification by District Industries Centre (DIC), interview, loan recommendation, EDP training, loan disbursement, and subsidy claim |
| Official Website | Official Website |
Eligibility Criteria
- Applicants must be permanent residents of Tamil Nadu.
- Minimum 8th-grade education is mandatory.
- Family income should not exceed Rs.5 lakhs per annum.
- Applicant’s contribution is 10% for the general category and 5% for special categories.
- Entrepreneurship Development Programme (EDP) training is mandatory.
- Limited to Rs.15 lakhs for manufacturing and Rs.5 lakhs for trading/service projects.
Benefits
UYEGP scheme offers several benefits to eligible applicants:
- Subsidy Assistance: The State Government provides subsidy assistance up to 25% of the project cost (maximum Rs.2.50 lakhs).
- Entrepreneurial Support: The program supports the setup of Manufacturing, Service, or Business enterprises.
- Budget Allocation: With a budget of Rs.258 crores, the scheme aims to benefit 1 crore people from 3 lakh families.
Required Documents
- Identity proof (Election ID Card/Aadhaar Card/Ration Card ).
- PAN Card.
- Income Certificate.
- Educational Qualification proof.
- Proof of age.
- Caste/Community Certificate.
- Project Report.
- Passport-size photo.
- Valid Quotations with GST number.
- Valid certificate for special categories (Ex-Serviceman/Differently-abled/Transgender).
- Bank account details.
- Affidavit on a ₹20/- Non-Judicial Stamp Paper.
How to Apply
application process involves both online and post-application stages:
Online Application Process:
- Visit the official website of the Micro, Small, and Medium Enterprises Department, Government of Tamil Nadu.
- Click on “Apply Online” and then “New Application.”
- Register by providing necessary details.
- Login, fill in mandatory information, and upload required documents.
Post-Application Process:
- Verification of eligibility by District Industries Centre (DIC).
- Attend the interview upon receiving the call letter.
- Loan recommendation to the bank, followed by loan sanction.
- Attend Entrepreneurship Development Programme (EDP) training.
- Submit EDP completion certificate and required documents to the bank.
- Loan disbursement by banks and filing of subsidy claim.
- Subsidy disbursement by DIC, adjusted in the loan amount after 3 years.