How would the Madhya Pradesh Mukhyamantri Yuva Udyami Yojana help prospective entrepreneurs?
The Madhya Pradesh government has launched several government schemes to eliminate unemployment, one of which is the Madhya Pradesh Chief Minister Yuva Udyami Yojana. Under this initiative, willing unemployed youth in the state will be provided with a loan from a bank to start their own business.
Riya Goswami 
Madhya Pradesh Mukhyamantri Yuva Udyami Yojana
The Madhya Pradesh government launched the Mukhyamantri Yuva Udyami Yojana on August 1, 2014. Under this scheme ,The bank will provide loans to all people of the state who desire to start their own business. Citizens of all classes can take advantage of Mukhyamantri Yuva Udyami Yojana. This plan will provide Madhya Pradesh residents with margin money assistance, interest subsidies, loan guarantees, and training. Unemployed citizens would be able to find work through the Mukhyamantri Yuva Udyami Yojana and become self-sufficient.
Citizens with a minimum of a 10th pass can also benefit from the MP Mukhyamantri Yuva Udyami Yojana. Under this initiative, any person who wishes to start his or her own business would be given a loan ranging from Rs 10 lakh to Rs 2 crore, with repayment terms ranging from 6 months to 7 years.
Implementation of Madhya Pradesh Mukhyamantri Yuva Udyami Yojana
The Department of Micro, Small, and Medium Enterprises will implement this scheme, and the schemes will be implemented at the district level through the General Manager, District Trade and Industry Center. This scheme is available to Madhya Pradesh residents between the ages of 18 and 40.
Eligibility Criteria for MP Mukhyamantri Yuva Udyami Yojana
- The Applicant must be a native of the state of Madhya Pradesh.
- Applicants applying for this scheme should be between 18 to 40 years of age.
- Applicant must be at least 10th pass.
- The applicant should not be a defaulter in any bank.
- Citizens of the state can take advantage of this scheme only once.
- The family of the applicant should not be an income tax payer.
- If the applicant is already taking advantage of any other self-employment scheme, then that person will not be considered eligible for the MP Mukhyamantri Yuva Udyami Yojana.
Important documents to apply for Mukhyamantri Yuva Udyami Yojana
- Aadhar Card
- Pan card
- 10th class mark sheet
- Age certificate
- Income certificate
- Residence certificate
- Mobile number
- Bank details
- Passport size photo
Financial help under Mukhyamantri Yuva Udyami Yojana
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Category - General Margin money on capital cost- 15% subject to a maximum of Rs.1200000 Interest : 5% for women entrepreneurs and 6% for Men
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Category- BPL Margin money on capital cost- 20% Subject to maximum Rs 1800000 Interest : 5% for women entrepreneurs and 6% for Men
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Online Application Process for Madhya Pradesh Mukhyamantri Yuva Udyami Yojana
If you want to register for the scheme online, follow the instructions below:
- To apply online, first go to its official website or click on the following link https://msme.mponline.gov.in/.
- On the home page of this website, you will see a link to apply under Mukhyamantri Yuva Udyami Yojana Scheme, on which you have to click.
- After this, the list of the concerned department will open in front of you.
- Now select the department as per your requirement.
- After this a new page will open in front of you, in which you have to go to the sign up section.
- Now you have to fill the information asked here including your name, email id and mobile number etc.
- After this, you have to click on the Sign Up Now button given below.
- In this way you will be able to apply MP Mukhyamantri Yuva Udyami Yojana online.
Helpline number and Email ID issued for MP Mukhyamantri Yuva Udyami Yojana
Helpline No: 0755-6720200 / 0755-6720203
Email ID: Support.msme@mponline.com
