Mukhyamantri Gramin Street Vendor Rin Yojana
About This Scheme
The scheme “Mukhyamantri Gramin Street Vendor Rin Yojana" was launched by the Department of Panchayat and Rural Development, Government of Madhya Pradesh. The scheme aims to make low-cost equipment or working capital available as a loan through banks to poor-class migrant workers/small traders in the rural sector of the state. The scheme provides loan access only for existing businesses in the rural area and for the establishment of new enterprises by migrant workers, who must also undergo Entrepreneurship Development Programme (EDP) training through Rural Self Employment Training Institutes (RSETI) for new business establishment. The applications for this scheme are accepted online via the Street Vendor Portal.
Eligibility
- The applicant must reside in Madhya Pradesh. - The applicant must reside in a rural area. - The applicant must be between 18 and 55 years of age. - The applicant must belong to the poor class. - The applicant must be a migrant worker or a small trader (Street Vendor). - The applicant must be applying for a loan for an existing enterprise located in a rural area. - The applicant must be a migrant worker establishing a new enterprise.
Benefits
- Provision of low-cost equipment. - Provision of working capital (Karyasheela Punji). - Provision of loan (Rin) through banks. - Provision of Entrepreneurship Development Programme (EDP) training through Rural Self Employment Training Institutes (RSETI). ##### *Conditions* - The loan is made available from banks following the training. - The benefit is only for existing businesses (old enterprises) in the rural area. - The benefit is for establishing new businesses for migrant workers. - Rural migrant workers establishing a new business must undergo Entrepreneurship Development Programme (EDP) training through Rural Self Employment Training Institutes (RSETI).
How to Apply
Where This Comes From
This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.