Mukhya Mantri Yuva Udyami Yojana

From 01/08/2014, the Madhya Pradesh Government is implementing the Mukhyamantri Yuva Udyami Yojana to establish self-employment to the educated unemployed. In which loan cases can be prepared for industry / service, since currently online applications are accepted in the scheme and loan cases are sent online to banks for approval. Under this scheme loans up to a maximum limit of 10 lakh to 2 crore can be obtained.

Beneficiary:

Under the scheme, a maximum of 12 lakh grant of 15 percent of the capital investment in plant and machinery is provided to the applicants. There is no separate provision for senior citizens. Those living below the poverty line are entitled to a maximum of 18 lakhs margin money up to 20 percent.

Benefits:

Under this scheme, all categories of applicants are provided a margin of 15 lakhs, a maximum of 15 percent of the registered investment in the plant machinery. In case of applicant being BPL, a maximum of 18 percent margin is paid at the registered cost of the project at 20 percent. Under the scheme, the benefit of interest subsidy loan guarantee and training is given by the government in addition to margin money.