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 citizens for setting up industries.

Benefits (Financial Assistance)

• Margin Money Assistance: 15% of capital cost (Max ₹12,00,000) for general category; 20% for BPL (Max ₹18,00,000).
• Interest Subsidy: 5% per annum (6% for women) for 7 years (Max ₹5,00,000 per year).
• Guarantee Fee: Paid at current rate for up to 7 years.

Eligibility

• Permanent resident of Madhya Pradesh.
• Passed Class 10th.
• Age: 18 to 40 years.
• Family must not be income taxpayer.
• Not a defaulter of any bank.

Application Process

Online / Offline
Online: https://msme.up.gov.in/login/registration_login

• 1. Visit official website and click on the application link.
• 2. Choose the department and click registration/sign-up.
• 3. Log in and apply for the scheme.

Documents Required

• Detailed Project Report (DPR)
• Native Certificate / Educational Qualification certificate
• Birth certificate
• Machinery/equipment quotations
• Rent agreement (if land is rented)

Mukhya mantri Krishak Udyami Yojana