Motivation Of Unemployed Persons To Start Self-Employed Enterprises Scheme

Motivation Of Unemployed Persons To Start Self-Employed Enterprises Scheme

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The scheme “Motivation of Unemployed Persons To Start Self-Employed Enterprises Scheme (MUPSES)” was launched by the Union Territory of Puducherry in the year 2006 with a view to encouraging self-employment among the youth in manufacturing and service activities. Objective: To encourage unemployed persons to start manufacturing or service sector enterprises.

Activities Covered

All economically viable service and industrial activities including mechanized laundry, beauty parlors, tailoring units, and tea/coffee stalls.

Financial Details

  • Project cost: Up to ₹2,00,000/-.
  • Means of finance: Finance from Banks / Financial Institutions.
  • Interest: Normal bank rate.

Benefits

  • Loan from ₹10,000/- to ₹2,00,000/-.
  • 50% subsidy for projects not exceeding ₹50,000/-.
  • 35% subsidy (max ₹35,000) for projects between ₹50,000 and ₹2.00 lakhs.

Eligibility

  • Unemployed Men and Women of Puducherry.
  • Age as per bank norms.
  • No formal education required but must be literate.
  • No family income limit.
  • Permanent resident for at least 3 years.

Application Process

Offline

Step 1: Contact the Technical Officer, District Industries Centre.

Step 2: Download the application form from the official website.

Step 3: Fill form and attach documents.

Step 4: Submit to nearest District Industries Centre.

Step 5: Applications are scrutinized and interviews held quarterly.

Step 6: Successful applications forwarded to banks.

Documents Required

  • Identity proof, Age proof.
  • Educational Qualification (if any).
  • Passport Size Photo – 2.
  • Proof for Residence (Family Ration Card).
  • Caste Certificate.
  • Brief Project Report.
  • Experience Certificate (if any).

Disclaimer

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