Sarkari Yojana
Mukhya Mantri Yuva Udyami Yojana
About Mukhya Mantri Yuva Udyami Yojana
Launched on 1st August 2014 by the Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh, the “Mukhya Mantri Yuva Udyami Yojana” helps citizens of Madhya Pradesh who wish to start their own industries. Under it, they can obtain loans of up to ₹10,00,000 to ₹2,00,00,000.
Scheme Overview
State Government
Individual
01 Aug 2014
Scheme Details
Eligibility Requirements
To qualify for Mukhya Mantri Yuva Udyami Yojana, applicants must satisfy the following conditions:
Only permanent residents of Madhya Pradesh can apply
Only permanent residents of Madhya Pradesh can apply.
Class 10th is the minimum educational qualification
Class 10th is the minimum educational qualification.
Applicants have to be aged between 18 to…
Applicants have to be aged between 18 to 40 years.
A person can take the benefit of this…
A person can take the benefit of this scheme just once.
Benefits Provided
Mukhya Mantri Yuva Udyami Yojana provides the following benefits to eligible applicants:
Financial assistance: Margin money assistance
General category projects receive 15% of their capital…
General category projects receive 15% of their capital cost, subject to a ceiling of ₹ 12,00,000.
For BPL applicants, the support is 20% of…
For BPL applicants, the support is 20% of the project's capital cost, capped at ₹ 18,00,000. Interest subsidy
An interest subsidy of 5% per annum on…
An interest subsidy of 5% per annum on the project's capital cost is given, rising to 6% per annum for women entrepreneurs, for up to 7 years (Maximum Rs 5,00,000 lakh per year).
For a period of up to 7 years,…
For a period of up to 7 years, the guarantee fee is paid at the current rate.
Documents Required
Applicants should keep the following documents ready before starting the application:
Project report in detail (DPR)
Project report in detail (DPR)
Native certificate of Madhya Pradesh
Native certificate of Madhya Pradesh
Proof of educational qualification
Proof of educational qualification
Certificate showing date of birth
Certificate showing date of birth
Rent name, in case the land/building is rented
Rent name, in case the land/building is rented
Current-rate quotations for the machinery/equipment/ equipment
Current-rate quotations for the machinery/equipment/ equipment
2014-08-01
How to Apply
Online Application
Applicants can apply for Mukhya Mantri Yuva Udyami Yojana through the online application process outlined below.
Use the link given to open the official…
Use the link given to open the official website
Once the homepage loads, select the application link…
Once the homepage loads, select the application link meant for the Mukhya Mantri Yuva Udyami Yojana
A list of departments linked to the scheme…
A list of departments linked to the scheme will be shown, from which you should pick the one you are interested in
New applicants should select registration or sign-up, fill…
New applicants should select registration or sign-up, fill in their name, mobile number, password and captcha code, and then press submit
Your registration on the portal is completed upon…
Your registration on the portal is completed upon submission
You may now log in to the portal…
You may now log in to the portal and submit your application for the scheme.
Offline Application
Applicants can apply for Mukhya Mantri Yuva Udyami Yojana through the offline application process outlined below.
Fill in the application form that can be…
Fill in the application form that can be found on the mpmsme.gov.in online portal or
Enclose every supporting document that the form asks…
Enclose every supporting document that the form asks for
Submit the application to the District Trade and…
Submit the application to the District Trade and Industry Center
Every application received will be registered
Every application received will be registered
The applicant will be told within 15 days…
The applicant will be told within 15 days whether the application is complete or incomplete
Along with the application, the applicant should also…
Along with the application, the applicant should also attach a General Project Report (GPR) prepared for the planned activity.
Exclusions / Who Is Not Eligible
- If the applicant is getting assistance under any other self-employment scheme, then he cannot avail of benefits under this scheme.
- The applicant’s family should not be an income taxpayer.
- The applicant should not be a defaulter of any bank.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.