Mukhyamantri Swarojgar yojna
Under the scheme, loans and margin money are provided through banks to set up their own industry / service / business for the youth of backward class and minority category.
Project Cost: –
Loan amount is provided from Rs. 50,000 to maximum of Rs. 10.00 Lakh.
Margin Money: –
30% of the project cost (maximum 2.00 lakhs)
Interest grant: –
At the rate of 5 percent of the project cost (maximum amount of Rs. 25,000 (per annum)) the grant will be provided for a maximum period of 7 years.
The applicant must be a backward class. It is mandatory for the applicant to be a native of Madhya Pradesh. Applicant must have passed minimum class 5th. Applicants must be between 18 and 45 years of age. The applicant should not be a defaulter of any nationalized bank / financial institution / co-operative bank. The applicant should not have received any loan and grant under any government scheme earlier. The applicant will be eligible for loan once under the scheme.
Photocopying, photography, offset printing work, auto and motorcycle repairing, electrical and electronics house hold repairing, heavy vehicle repairing, tire repairing, tent houses, etc.
How To Apply
Applicant can apply online through msme.mponline.gov.inView (2 MB)