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According to the police, the kidnappers — brothers Aditya Singh and Suraj Singh — had business links with Ashok Kumar Kasodhan, the father of the boy, and had demanded a ransom of Rs 50 lakh.
The arrested duo had intended to use the ransom money to pay off their debt.
The boy was abducted from the Rudhauli police station area of Basti on April 23, Superintendent of Police Ashish Srivastava said.
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The police have handed over the teenager to his family members.
The police officer said the accused would be slapped with charges under the stringent National Security Act.