Mukhya Mantri Yuva Udyami Yojana

About This Scheme

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 of up to ₹10,00,000 to ₹2,00,00,000 to the citizens of Madhya Pradesh who want to set up their industries.

Eligibility

- The applicant should be a permanent resident of Madhya Pradesh. - The applicant should have passed Class 10th. - The applicant’s age should be between 18 to 40 years. - The benefit of this scheme can be availed only once.

Benefits

> Financial assistance: > Margin money assistance - 15% of the capital cost of the project for the general category. (Maximum ₹ 12,00,000.) - 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.

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.