UP Government Launches Training Programme to Boost CM Yuva Scheme Implementation
The Uttar Pradesh government has taken a significant step to accelerate the implementation of the CM Yuva Scheme by launching a comprehensive training programme on Thursday. This initiative is designed to create a dedicated workforce of certified credit counsellors who will play a pivotal role in simplifying access to bank credit for aspiring entrepreneurs, particularly within the Micro, Small, and Medium Enterprises (MSME) sector.
Targeting Youth Employment and Financial Inclusion
The scheme has set an ambitious target to connect 1.5 lakh youth to self-employment opportunities during the fiscal year 2026-27. To achieve this, the training programme will be conducted in two distinct phases, ensuring widespread coverage across the state.
- The first batch will cover 50 districts, focusing on initial training and deployment.
- The second batch will extend to an additional 25 districts, broadening the reach of the programme.
Upon completion, approximately 90 certified credit counsellors will be deployed across these districts. Their primary responsibilities will include assisting beneficiaries with loan applications, documentation, and project preparation, thereby streamlining the process for entrepreneurs seeking financial support.
Role of Credit Counsellors in MSME Development
Officials have emphasized that these counsellors serve as a crucial link between MSME entrepreneurs and banks. They will guide applicants on suitable loan schemes and help them prepare essential documents such as project reports and financial statements. This support is expected to reduce barriers to credit access and foster a more conducive environment for business growth.
In addition to facilitating loan processes, the programme aims to enhance financial literacy among the youth. Training sessions will cover critical topics including credit ratings, CIBIL scores, and project planning. By equipping entrepreneurs with this knowledge, the initiative seeks to empower them to access credit more easily and sustain their businesses effectively.
Collaborative Efforts and Professional Opportunities
The training is based on an Reserve Bank of India (RBI)-approved course, developed with support from key institutions such as the Small Industries Development Bank of India (SIDBI) and the Indian Institute of Banking and Finance (IIBF). This collaboration ensures that the programme meets high standards of quality and relevance.
Moreover, the scheme provides opportunities for experienced professionals, including retired banking officials, to contribute as certified counsellors. This not only leverages their expertise but also creates a sustainable model for ongoing support to entrepreneurs.
The CM Yuva Scheme is grounded in the recommendations of the RBI's Financial Inclusion Committee, highlighting its alignment with national efforts to promote economic inclusion and youth empowerment. Through this training programme, the Uttar Pradesh government is taking proactive measures to bridge the gap between aspiring entrepreneurs and financial institutions, ultimately driving economic growth and job creation in the state.
