Central GovernmentVerified

Mukhya mantri Swarojgar Yojana

The scheme aims to provide benefits financial assistance, interest subsidies, and a guarantee. the government of Madhya Pradesh gives loans to the state's citizens to establish employment so that all citizens can start employment.

Start date1 Aug 2014

Last verifiedToday

Official Source ↗

About This Scheme

The Mukhya Mantri Swarojgar Yojana was launched on 1 August 2014 under The Department of Micro, Small & Medium Enterprises, Madhya Pradesh government gives loans up to ₹50,000 to ₹10,00,000 to the state's citizens to establish employment so that all the citizens can start employment. Under Madhya Pradesh Mukhya Mantri Swarozgar Yojana, the government provides the benefit of money margin, interest subsidy, loan guarantee, and training to the beneficiaries. It provides a minimum period of 6 months and a maximum of 7 years to repay the loan payable by the bank.

Benefits

₹3000.0 Cr

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

> Financial help

Margin money assistance

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

₹2.0 L

30% of the cost (maximum ₹2,00,000) for Below Poverty Line( BPL) , Scheduled Castes(SC) , Scheduled Tribes(ST), Other Backward Classes(OBC) (except creamy layer)/ Women/ Minority/ Disabled project.

> Additional provisions -

₹1.0 L

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

> interest subsidy

₹25.0K · annual

At the rate of 5% per annum of the project cost and for women entrepreneurs at the rate of 6% per annum, for a maximum of 7 years. (Maximum ₹25,000 per annum)

Guarantee Fee (CGTMSE/: CGFMU) Up to a maximum of 7 years at the prevailing rate.

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
✦
Income certificate
✦
Address proof
✦
Passport size photo
✦
Mobile number
✦
5th class mark sheet

✦ Required ◦ Optional

How to Apply

OOnline

Quick Info

Level: Central Government
Max benefit: ₹3000.0 Cr
Launched: 1 Aug 2014