\ Directorate of Industries and Commerce
Government of Tamil Nadu
Unemployed Youth Employment Generation Programme (UYEGP)

1. Preamble:

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 section of the society, particularly among the educated and unemployed to become self employed by setting up Manufacturing / Service / Business enterprises by availing loan up to the maximum of Rs.5 Lakhs, Rs. 3 Lakhs and Rs. 1 Lakh respectively with subsidy assistance from the State Government up to 15% of the project cost from the year 2010-11 onwards.

2. Financial Assistance:

Sl.No

CATEGORY

PROJECT COST

SUBSIDY

 

PROMOTER’S
CONTRIBUTION

BANK LOAN

1.

General Category

10%

90%

15%

2.

SC / ST/ BC / MBC/
Minorities / Women / Ex-Servicemen / Physically
challenged / Transgender

5%

95%

15%

3. Eligibility to avail Loan under this scheme:

  • Any individual, above 18 years of age. Upper age limit for General category is 35 years and for Special category 45 years.
  • Minimum educational qualification is a pass in VIII standard.
  • The applicant shall be resident of the place for not less than 3 years.
  • The family income of the beneficiary shall not exceed Rs.1,50,000/- per annum.

4. Other Features of the scheme:

  • The District Task Force Committee headed by the General Manager, District Industries Centre, will select the beneficiaries through an interview process.
  • Entrepreneur Development Programme (EDP) training will be given to the beneficiaries for Seven days.
  • Repayment schedule shall be for 5 years after an initial moratorium period of six months or date of commencement of project whichever is earlier.
  • For marketing support the Concerned General Manager, District Industries Centre, will arrange Buyer seller meet, Exhibitions etc.

5. How to apply?

The scheme will be advertised through print and electronic media. The eligible residents of the District can submit application along with project profile, copies of certificates for proof of educational qualification, nativity, community, Ex-servicemen (wherever applicable) and proof of physically challenged to the Concerned General Manager, District Industries Centre.