The state government provides financial assistance to the people in the state to start self-employment. This assistance is given under Mukhyamantri Yuva Udyami Yojana (MMYUY). This scheme is running from 1 August 2014. Its purpose is to provide financial assistance to all classes of people to set up manufacturing or service-related enterprises.
Under this scheme, margin money, interest grant, loan guarantee, and training are given for the establishment of the enterprise. Under this scheme, the loan is available only on 5% per annum for taking a loan. However, it is necessary to repay the loan received under the scheme in 7 years.
The objective of the scheme is to provide loans through banks to set up their own industry (manufacturing) / service enterprises for the scheduled castes of society. Margin money assistance to the beneficiaries under the scheme.
Implementation Commissioner of the scheme, Madhya Pradesh under Scheduled Caste Welfare Department State Cooperative Scheduled Caste Finance and Development Corporation Marya. Bhopal will implement the scheme through its District Entrepreneur Cooperative Development Societies. Terms of loan Only permanent residents of Madhya Pradesh can avail this scheme. The applicant must have passed at least 10th standard. Also, the age of the applicant should not be more than 40 years. If you have not repaid the banks by taking a loan before this, then you will not be able to take advantage of this scheme.
Madhya Pradesh Chief Minister Youth Entrepreneur Scheme
- Be a native of Madhya Pradesh.
- Minimum class 10th pass.
- Age should be between 18 to 40 years on the application date.
- There should not be any nationalized bank (Defaulter).
- If a person is getting assistance under any government entrepreneur/self-employment scheme, then he will not be eligible under this scheme.
To apply offline, fill this form correctly and submit it to the concerned department.
How to apply?
Application forms are available in every district office under Mukhyamantri Yuva Udyami Yojana. For taking a loan, a general project report of the proposed project has to be submitted along with the application form. After this, the application form is sent to the concerned department associated with this scheme. Ineligible applications will be rejected. The loan is available within 15 days after the acceptance of the application. The applicant will be given training by the government after loan disbursement.