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Mukhya Mantri Yuva Udyami Yojana

MMYUY

Published by Monika, Editor

Revised Official listing text, not yet reviewedHow entries are compiled

Program brief

Form of supportCash, paid into the bank account
Meant forBPL Families
LevelState, Madhya Pradesh
FieldBanking,Financial Services and Insurance
Started2014
How to applyOnline / Offline
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Contents of this entry
  1. Overview
  2. Benefits
  3. Eligibility
  4. Documents
  5. Application steps
  6. Questions and answers

Overview

Mukhya Mantri Yuva Udyami Yojana

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 to the citizens of Madhya Pradesh who want to set up their industries.

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

Further facts from the listing

Scheme forIndividual
DBT (direct bank transfer)Yes

Benefits

Financial assistance:

Margin money assistance

  • 15% of the capital cost of the project for the general category. (Maximum Rs. 12,00,000.)
  • 20% of the capital cost of the project for BPL (Maximum Rs. 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.

Eligibility

Age
18 to 40 years
Also for
Below poverty line families
State
Madhya Pradesh
  • 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.

Who cannot apply

  • 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.

Documents

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Application steps

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 https://mpmsme.gov.in:8080/mpmsmecms/Uploaded%20Document/Documents/MYUY_Application.pdf

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.

Questions and answers

What is the Mukhya Mantri Yuva Udyami Yojana?

The scheme aims to provide benefits and financial assistance. the government of Madhya Pradesh gives loans up to loans up to Rs. 10,00,000 to Rs. 2,00,00,000 will be provided by the bank to all those citizens of the state who want to set up their industries.

Who is eligible for the scheme?

The scheme is open to all Indian citizens above the age of 18 to 40 who are permanent residents of Madhya Pradesh.

How much financial assistance is available under the scheme?

A maximum of Rs. 10 lakhs will be provided as financial assistance to each successful applicant under the scheme.

What is the minimum educational qualification required for the scheme?

Yes, the Madhya Pradesh government provides financial support to startups and small businesses through various schemes, including the Chief Minister Youth Entrepreneur Scheme.

Can non-residents of Madhya Pradesh apply for this scheme?

No, only permanent residents of Madhya Pradesh are eligible to apply for the Chief Minister Youth Entrepreneur Scheme.

What documents are required to register for the Scheme?

Detailed Project Report
Madhya Pradesh Native Certificate
Certificate of Educational Qualification
date of birth certificate
the land/building is on rent then the rent name
Quotations of current rates for machinery/equipment/ equipment

Under which department does this scheme come?

Department of Micro, Small & Medium Enterprises

How to apply offline?

Complete the application form available on the mpmsme.gov.in online portal or https://mpmsme.gov.in:8080/mpmsmecms/Uploaded%20Document/Documents/MYUY_Application.pdf

How to apply online?

Visit the official website using the provided linkhttps://msme.mponline.gov.in/Portal/Services/msme2019/landing.html

Is this Scheme for student scholarship?

No, Under this scheme, loans will be provided by the bank to all those citizens of the state who want to set up their industries.

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