मध्य प्रदेश मुख्यमंत्री युवा उद्यमी योजना:- The Madhya Pradesh government aims to boost employment opportunities through the Mukhyamantri Yuva Udyami Yojana. This initiative strives to provide crucial details regarding the scheme’s benefits, objectives, eligibility, features, required documents, and the application process. For comprehensive information on the scheme, including its purpose and how to apply, continue reading this article until the end. Stay informed about this initiative designed to empower the youth and promote entrepreneurship in Madhya Pradesh.
Madhya Pradesh Mukhyamantri Yuva Udyami Yojana
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Launched on August 1, 2014, by the Madhya Pradesh government, the Mukhyamantri Yuva Udyami Yojana aims to provide loans to citizens aspiring to establish their industries. Open to individuals of all categories, the scheme offers benefits such as margin money assistance, interest subsidy, loan guarantee, and training. By promoting self-reliance, the program aims to create employment opportunities, ultimately reducing unemployment rates in the state. Interested individuals can apply online via the official website, with the minimum educational qualification set at the 10th class, and the loan duration extended to 7 years as per the government’s amendment on November 16, 2017.
MP Mukhyamantri Yuva Udyami Yojana Overview
| Name Of The Scheme | मध्य प्रदेश मुख्यमंत्री युवा उद्यमी योजना 2024 |
| Launched By | Madhya Pradesh Government |
| Beneficiary | Citizens of Madhya Pradesh |
| Objective | Providing loans for setting up enterprises |
| Official Website | msme.mponline.gov.in |
| Category | Govt. Scheme |
| Year | 2024 |
| Scheme start date | 1 August 2014 |
| Date of amendment under the scheme | 16 November 2017 |
| Loan | Rs 10 lakh to Rs 2 crore |
| Application Process | Online |
| Rate of interest | 5%-6% |
| Loan repayment period | 7 Year |
Objective Of Mukhyamantri Yuva Udyami Yojana
The primary goal of Mukhyamantri Yuva Udyami Yojana 2024 is to offer loans to unemployed citizens in Madhya Pradesh, enabling them to establish their own enterprises. By facilitating bank loans, the scheme aims to empower individuals, fostering self-reliance and contributing to a reduction in the state’s unemployment rate. The initiative, through supporting citizens in setting up businesses, also strives to enhance the overall economic landscape of Madhya Pradesh.
Benefits & features of MP Mukhyamantri Yuva Udyami Yojana
- Launched by the Madhya Pradesh Government on 1 August 2014.
- Aims to provide bank loans for citizens starting their businesses.
- Open to individuals of all categories for broad accessibility.
- Offers benefits like margin money assistance, interest subsidy, loan guarantee, and training.
- Creates employment opportunities, fostering self-reliance among citizens.
- Intends to reduce the state’s unemployment rate and improve the overall economy.
- Revised on 16 November 2017, extending the loan period to 7 years.
- Loan amounts range from ₹1,000,000 to ₹20,000,000.
- Interest rates fixed at 5% for women entrepreneurs and 6% for male entrepreneurs.
- The Department of Micro, Small and Medium Enterprises serves as the nodal agency for the scheme.
Eligibility for Madhya Pradesh Mukhyamantri Yuva Udyami Yojana
- Must be a permanent resident of Madhya Pradesh.
- Minimum educational qualification: 10th class.
- Applicant’s age should be between 18 to 40 years.
- The applicant’s family should not be an income taxpayer.
- Should not be a defaulter of any bank.
- Cannot avail benefits if already receiving assistance under another self-employment scheme.
- Eligible for the scheme only once.
Required Documents
- Aadhar card
- PAN card
- income certificate
- Address proof
- passport size photo
- mobile number
- 10th class mark sheet
How to Apply for Madhya Pradesh Mukhyamantri Yuva Udyami Yojana 2024?
- Visit the official website of the scheme https://msme.mponline.gov.in/.
- On the home page, click on the “Apply” link for Mukhyamantri Yuva Udyami Yojana.
- Choose the relevant department from the list provided.
- A new page will appear, prompting you to sign up.
- Fill in the required information, including your name, email ID, and mobile number.
- Click on the “Sign Up Now” button to complete the registration process.
Following these steps will successfully register you for the scheme.
login to Mukhyamantri Yuva Udyami Yojana portal
- Visit the official website of the scheme.
- On the home page, click on the “Apply” link for Mukhyamantri Yuva Udyami Yojana.
- Choose the relevant department from the list provided.
- Select the specific plan on the new page.
- Enter your registered mobile number, password, and captcha code.
- Click on the “Submit” button to complete the login process.
Following these steps will allow you to apply for the Mukhyamantri Yuva Udyami Yojana.
Conclusion
In conclusion, the Madhya Pradesh Mukhyamantri Yuva Udyami Yojana 2024 emerges as a vital initiative to empower the youth and boost entrepreneurship. With the provision of loans, interest subsidies, and training, the scheme paves the way for aspiring entrepreneurs to realize their business dreams. The emphasis on providing opportunities to the unemployed not only fosters self-reliance but contributes to the overall economic development of the state. By streamlining the application process through online registration, the government encourages a seamless and accessible approach for the youth to embark on their entrepreneurial journey, marking a significant stride towards a more economically vibrant Madhya Pradesh.
FAQ’s
What is Madhya Pradesh Mukhyamantri Yuva Udyami Yojana?
Mukhyamantri Yuva Udyami Yojana is a scheme launched by the Madhya Pradesh government to provide financial assistance and support to youth aspiring to start their own businesses.
Who is eligible to apply for the scheme?
Permanent residents of Madhya Pradesh, aged between 18 to 40 years, with a minimum educational qualification of 10th class, are eligible.
What benefits does the scheme offer?
The scheme provides benefits such as margin money assistance, interest subsidy, loan guarantee, and training to facilitate entrepreneurship.
When was the scheme initiated?
The scheme was launched on 1 August 2014, with subsequent revisions in November 2017.
How can I apply online for the scheme?
To apply online, visit the official website, choose the relevant department, select the plan, and complete the registration and application process.
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