Mukhya Mantri Krishak Udyami Yojana

From 23/04/2018, The Mukhya Mantri Krishak Udyami Yojana is being implemented by the Government of Madhya Pradesh to establish self-employment for the farmers themselves and the educated sons / daughters of the farmers. In which loan cases can be prepared for industrial service and business, 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 this scheme farmers and sons / daughters of farmers can submit loan applications from 50 thousand to maximum 2 crore online. In this scheme loan cases of industry, service / business can be prepared. Applicants belonging to Scheduled Castes, Scheduled Tribes, Backward Classes and minorities from 50 thousand to 10 lakhs will be eligible for 30 percent maximum 2 lakh margin money. In the loan cases ranging from 10 lakh to 2 crore, the entire farming class will be entitled to a maximum of 12 lakh margin money on investment in plant and machinery.

Benefits:

Under this scheme, all categories of applicants are provided a margin of 15 percent of the maximum investment of 15 million 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.