Mukhya Mantri Yuva Udyami Yojana

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.

• 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.

• If the applicant is getting assistance under any other self-employment scheme, then he cannot avail of benefits under this scheme.
• The applicant’s family should not be an income taxpayer.
• The applicant should not be a defaulter of any bank.

Online

Step 1: Visit the official website using the provided link Step 2: The homepage will appear, and you need to click on the application link for the Mukhya Mantri Yuva Udyami Yojana Step 3: Various departments associated with the scheme will be displayed. Choose the department that interests you Step 4: Choose the option for registration or sign-up if you are a new application. Click the submit button after entering your name, mobile number, password, and captcha code Step 5: After submitting, you will be registered on the portal Step 6: Now, you can log in to the portal and apply for the scheme.

Offline

Step 1: Complete the application form available on the mpmsme.gov.in online portal or Step 2: Attach all the required supporting documents as specified in the form Step 3: Apply for the District Trade and Industry Center Step 4: Once received, all applications will be registered Step 5: Within 15 days, the applicant will be informed about the status of their application, whether it is complete or incomplete Step 6: The applicant should also prepare a General Project Report (GPR) for the proposed activity and include it with the application.

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.