Scheme Name: Mukhyamantri Yuva Swarozgar Yojana

State: Madhya Pradesh

Description of the Scheme: Financial assistance by helping people get loans from banks to setup their own small business. Objective is to promote entrepreneurship in without the need for collateral security.

Target group :

Sector of the Scheme:

Eligibility Criteria: 1. Applicant must be resident of Madhya Pradesh state 2. The applicant must have passed at least 5th Class 3. The applicant age should be between 18 to 45 years 4. The applicant should not be defaulter of any nationalized bank, cooperative bank or any financial institution 5. The applicant should not get any assistance under state-level schemes 6. The scheme is accessible for industry/business/service company projects only

Nature & Mode of Assistance: Estimated cost of any undertaken should be between Rs.50,000 to Rs.10 lakh rupees.
General category will be paid 15% of total amount of the plan (maximum of Rs.1 lakh).
Subsidy of 30% (maximum Rs.2 lakh) for Scheduled Caste/Tribe/OBC/ women/disabled will be given below poverty line.
Bhopal gas tragedy and stray people have been given extra.
Interest subsidy will be given at the rate of 5% on project cost, per year (maximum Rs.25,000).
Paid a guaranteed charge at the current rate for seven years.
State Government will provide 20% of project cost (Rs.50,000) in the form of margin money or a maximum of Rs.10,000.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Application can be applied directly to MP online or through MP Online Kiosk Centers

Whom to Contact: Various Departments of Government of Madhya Pradesh