The Micro, Small and Medium Enterprises Department, Government of Tamil Nadu introduced the scheme Unemployed Youth Employment Generation Programme (UYEGP) which aims to mitigate the unemployment problems of socially and economically weaker sections of the society.
₹2.5 L
The applicant should be a permanent resident of Tamil Nadu.
The applicant should be a minimum of 18 years of age; and
(a) for the General category: maximum of 35 years of age.
(b) for Special category (SC/ ST/MBC/ BC/ Minorities/ Ex-Servicemen/ Differently abled/ Transgender): maximum of 45 years of age.
The applicant should have passed the 8th standard.
The family income of the applicant should not exceed ₹5 lakhs per annum.
The applicant's contribution should be 10% of the project cost for the General category; or 5% for the Special category.
Entrepreneurship Development Programme (EDP) training is mandatory.
Project cost should not be more than ₹15 lakhs for manufacturing, and ₹5 lakhs for Trading / Service projects.
✦ Required ◦ Optional
Application Processes:
Step 01: The applicant willing to avail loan under the UYEGP scheme should fill up the online application through the Official Website of the Micro, Small and Medium Enterprises Department, Government of Tamil Nadu.
Step 02: On the home page, click on “Apply Online” and then “New Application”.
Step 03: Click on ‘Register’ and fill in the details like Name, Date of Birth, Email ID, Aadhaar Number & Mobile Number.
Step 04: After successful registration, click on ‘login’ and fill in all the mandatory details.
Step 05: Upload all the necessary documents and submit the application form.
Post-Application Process:
Step 01: Verification of eligibility of online submitted application by District Industries Centre (DIC).
Step 02: The applicant will receive a call letter for attending the interview and participating in the interview.
Step 03: Recommendation of loan application to bank and sanctions of loan to be accorded by the bank.
Step 04: Receiving the call letter for attending Entrepreneurship Development Programme (EDP) training and attending EDP training.
Step 05: After receiving the EDP completion certificate and the applicant needs to submit it with other documents as required by the bank to the bank.
Step 06: Loan disbursement by banks and filing of subsidy claim by the bank with DIC.
Step 07: The subsidy amount will be disbursed by DIC and deposit subsidy amount under TDR for 3 years. After the completion of 3 years, the subsidy will be adjusted in the loan amount.
