How MP Mukhyamantri Swarojgar Yojana will be beneficial for Startups?

Continuous efforts are made by the government to reduce the unemployment rate. For this, different types of schemes are started by the government. Madhya Pradesh government has also started a similar scheme named MP Mukhyamantri Swarojgar Yojana. Today we are going to provide you all the important information related to this scheme through this article. Such as what is MP Mukhyamantri Swarojgar Yojana?, its benefits, objectives, features, eligibility, important documents, application process etc.

Jan 28, 2023 - 19:07 Updated: Jan 30, 2023 - 18:07

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MP Mukhyamantri Swarojgar Yojana

MP Mukhyamantri Swarojgar Yojana has been started to encourage self-employment among the citizens of the state. Loan will be provided by the government to establish self-employment through this scheme. So that more and more citizens can be attracted towards self-employment.

MP Mukhyamantri Swarojgar Yojana 2022 was launched by the Government of Madhya Pradesh on 1 August 2014. Citizens of all categories of Madhya Pradesh can apply under this scheme. Through the loan obtained under this scheme, the citizens of the state will be able to set up their own industry and the unemployment rate will also decrease.

Objective:

The main objective of this scheme is to encourage all the citizens of the state for self-employment. Through this scheme, the unemployment rate of Madhya Pradesh will also decrease and more and more people will be attracted towards self-employment. So that the economic condition of the state will also improve and the citizens of the state will also become self-reliant. Under Mukhyamantri Swarojgar Yojana 2022, loans will be provided to citizens to set up industries. So that the citizens of the state will be able to establish their own industries.

Financial assistance under MP Mukhyamantri Swarojgar Yojana

Under this scheme, minimum loan of ₹ 50,000 will be provided and maximum loan will be provided up to ₹ 10,00,000.
Under this scheme, the project cost for the general category will be 15% with a maximum limit of Rs 1 lakh.
For BPL, Scheduled Caste, Scheduled Tribe, Other Backward Classes, Women, Minority and Disabled, 30% of the project cost with a maximum limit of Rs.2 lakh.
For the denotified nomadic and semi-nomadic tribes, it will be 30 percent of the project cost with a maximum limit of ₹ 300000.
An additional 20% of the project cost, subject to a maximum limit of ₹100,000, will be given to the Bhopal gas victim family members.

Implementation of MP Mukhyamantri Swarojgar Yojana

The Department of Small and Medium Enterprises has been designated as the nodal agency for the implementation of this scheme. It will be ensured by the nodal agency whether the MP Mukhyamantri Swarozgar Yojana is being operated properly or not.

If there is any problem in operation, then that problem will be solved by the nodal agency. The budget of this scheme will also be decided by the department. People of all sections of the state can apply under the MP Mukhyamantri Swarozgar Yojana.

Benefits and features of MP Mukhyamantri Swarojgar Yojana

Under this scheme, loan will be provided to set up self-employment.
Citizens of Madhya Pradesh will be attracted towards self-employment through MP Chief Minister Self-Employment Scheme.
The economic condition of the state will improve through this scheme.
Through Mukhyamantri Swarojgar Yojana 2022, the unemployment rate of the state will decline.
The scheme was launched on 1 August 2014.
Citizens of all classes can apply under the MP Chief Minister Self Employment Scheme.
Through this scheme, the citizens of the state will become self-reliant.
Loan under this scheme will be provided for 7 years.

Eligibility of MP Mukhyamantri Swarojgar Yojana

To apply under Mukhyamantri Swarojgar Yojana, the applicant must be a permanent resident of Madhya Pradesh.
The workplace should be in Madhya Pradesh.
Under this scheme, the minimum educational qualification of the applicant should be fifth class.
The age of the applicant should be between 18 to 45 years.
Applicant should not be income tax payee.
The applicant should not be a defaulter of any national bank, financial institution etc.
Benefits can be availed only once under the MP Mukhyamantri Swarozgar Yojana.
Beneficiary of any government entrepreneur self-employment scheme cannot take advantage of this scheme.

Documents Required

The following documents are required for MP Mukhyamantri Swarojgar Yojana

Copy of Project report
Self-certification in the prescribed format for native resident / local resident of Madhya Pradesh
Aadhar Card
Academic qualification certificate
Birth certificate
Passport Photograph
If the land/building is rented then the rent notice (if applicable)
Quotation of current rates for machinery / equipment / furnishings (if applicable)
Caste certificate (if applicable)
Income certificate issued by the concerned authority in case of excess of the limit of creamier under other backward classes
If you have received entrepreneurship development training, then attach the certificate (if applicable)
Copy of BPL Ration Card (if applicable)
Affidavit of self and family related to the income limit, and the income tax details of the last 3 years, if applicable.

Process to apply under MP Mukhyamantri Swarojgar Yojana 2022

First of all you have to go to the official website of MP Mukhyamantri Swarojgar Yojana

https://msme.mponline.gov.in/Portal/Services/msme2019/landing.html

Now the home page will open in front of you.
On the home page, you have to click on the link to apply under MP Mukhyamantri Swarojgar Yojana
Now the list of all the departments will open in front of you.
You have to select the department under which you want to apply.
Now a new page will open in front of you.
You have to click on the option of Sing up on this page.
After this the registration form will open in front of you.
You have to enter all the important information asked in this registration form like your name, mobile number, email id etc.
After this you have to attach all the important documents.
Now you have to click on the button of Sign up now.
In this way you will be able to apply.

In which you have to enter Username and password and captcha code.
Now you have to click on the Login.
In this way you will be able to login to the portal.

MP Mukhyamantri Swarojgar Yojana Application Tracking Process

First of all you have to go to the official website of MP Mukhyamantri Swarojgar Yojana
Now the home page will open in front of you.
On the home page, you have to click on the link to apply under the MP Mukhyamantri Swarojgar Yojana
Now the list of all the departments will open in front of you.
You have to click on the link of the department under which you have applied.
After that a new page will open in front of you in which you will have to enter your application number.