Mukhya Mantri Yuva Udyami Yojana
The scheme "Mukhya Mantri Yuva Udyami Yojana" was launched on 1st August 2014 by the Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh. The scheme provides loans to the citizens of Madhya Pradesh who want to set up their industries.
About This Scheme
Benefits
> Financial assistance:
> Margin money assistance
₹12.0 L
15% of the capital cost of the project for the general category. (Maximum ₹ 12,00,000.)
₹18.0 L
20% of the capital cost of the project for BPL (Maximum ₹ 18,00,000)
> Interest subsidy
At the rate of 5% per annum on the capital cost of the project and at the rate of 6% per annum for women entrepreneurs, for a maximum of 7 years. (Maximum Rs 5,00,000 lakh per year)
The guarantee fee will be paid at the current rate for up to 7 years.
Eligibility
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Required Documents
- ✦Detailed Project Report
- ✦Madhya Pradesh Native Certificate
- ✦Certificate of Educational Qualification
- ✦date of birth certificate
- ✦If the land/building is on rent then the rent name
- ✦Quotations of current rates for machinery/equipment/ equipment
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹18.0 L
- Launched
- 1 Aug 2014