Central GovernmentVerified

Mukhya mantri Krishak Udyami Yojana

The objective of this scheme is to provide financial assistance to the sons and daughters of farmers to establish their businesses. the government of Madhya Pradesh provided loans to the bank for all citizens of the state.

Start date16 Nov 2017
Last verifiedToday

About This Scheme

The Mukhya Mantri Krishak Udyami Yojana. the Department of Micro, Small & Medium Enterprises, Madhya Pradesh government gives loans up to ₹ 50,000 to ₹10,00,000 for financial assistance to the sons and daughters of farmers to establish their businesses. economically weak farmers will be able to become self-reliant by setting up their businesses and their weak economic condition will not become a hindrance to their progress. Under this, 15% of the capital cost will be provided to the general category, and 20% of the capital cost will be provided to the BPL(Below Poverty Line) category. So that the citizens of the state will be inspired to establish their businesses. Through this scheme, the unemployment rate in the state will decline.

Benefits

> For projects worth Rs 10 lakh or more:-

₹12.0 L

For general class 15% (maximum ₹12,00,000)

₹18

For BPL category 20% (maximum ₹18, 00, 000)

For women entrepreneurs, a 6% and male 5% interest subsidy

the guarantee fee will be payable at the prevailing rate for a maximum of 7 years.

> For projects less than Rs 10 lakh:-

₹1.0 L

15% of the project cost (maximum ₹1,00,000 ) for the general category.

₹2.0 L

BPL/ scheduled caste / scheduled 30% of the project cost (maximum ₹2,00,000) for Tribes / Other Backward Classes (except creamy layer) / Women / Minorities / Disabled.

> Additional provisions-

₹3.0 L

30% of the project cost (maximum ₹3,00,000) to the liberated nomadic and semi-nomadic tribes.

₹1.0 L

Bhopal Gas victim family members are eligible for an additional 20% (maximum ₹1,00,000) on the project cost.

₹10.0 L · annual

At the rate of 5% per annum of the capital cost for projects of ₹10,00,000 or more and at the rate of 6 % per annum for women entrepreneurs, for a maximum of 7 years. (Maximum ₹5,00,000 per annum)

₹10.0 L · annual

For projects less than ₹10,00,000 5% of the project cost per annum rate and 6% for women entrepreneurs At the rate of per annum, for a maximum of 7 years. (Maximum ₹ 25,000 per annum)

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

  • Aadhar Card
  • PAN Card
  • Birth certificate
  • BPL certificate
  • land farming paper
  • Income certificate
  • Address proof
  • Passport size photo
  • Mobile number
  • th class mark sheet

✦ Required ◦ Optional

How to Apply

OOnline
IIn-person

Quick Info

Level
Central Government
Max benefit
₹12.0 L
Launched
16 Nov 2017