मध्य प्रदेश मुख्यमंत्री उद्यम क्रांति योजना:- Madhya Pradesh Chief Minister Udyam Kranti Yojana is an initiative by the state government to generate employment opportunities. Launched by Chief Minister Shivraj Singh Chauhan, the scheme focuses on providing loans to unemployed citizens. This article aims to provide comprehensive information about the scheme, covering its objectives, benefits, eligibility criteria, features, required documents, and the application process. If you wish to understand the Madhya Pradesh Chief Minister Udyam Kranti Yojana thoroughly, read on for complete details.
MP Mukhyamantri Udyam Kranti Yojana 2024
Contents
Madhya Pradesh Chief Minister Shivraj Singh Chauhan launched the Udyam Kranti Yojana on March 13. The announcement was made during the inauguration ceremony of the Nagarodaya Mission. The scheme aims to provide loans to the youth of Madhya Pradesh for establishing their own enterprises. The government guarantees the loans provided under this scheme, eliminating the need for beneficiaries to offer personal guarantees to banks. Notably, the Madhya Pradesh government will also offer interest subsidies on these loans. This initiative empowers state citizens to venture into self-employment through the MP Mukhyamantri Udyam Kranti Yojana 2024.
Mukhyamantri Udyam Kranti Yojana Overview
| Name Of The Scheme | मध्य प्रदेश मुख्यमंत्री उद्यम क्रांति योजना |
| Launched By | Madhya Pradesh Government |
| Beneficiary | Citizens of Madhya Pradesh |
| Objective | To encourage the citizens of the state for self-employment |
| Official Website | https://samast.mponline.gov.in/ |
| Category | Sarkari Yojana |
| Year | 2024 |
| Application Process | Online/Offline |
Objective Of MP Mukhyamantri Udyam Kranti Yojana
The primary goal of MP Chief Minister Udyam Kranti Yojana is to promote self-employment among the citizens of the state. The scheme facilitates government-backed loans for state residents without requiring personal guarantees. This initiative aims to empower individuals to establish their own enterprises. Additionally, the government provides interest subsidies on these loans. Through Udyam Kranti Yojana, the state anticipates a reduction in unemployment rates, fostering self-reliance and empowerment among its citizens. Increased self-employment opportunities are expected to contribute to a decline in the state’s unemployment rates. Citizens interested in reaping the benefits must apply for the scheme.
Banks included under MP Udyam Kranti Yojana
- Bank of India
- Central Bank of India
- Bank of Baroda
- Bank of Maharashtra
- Union Bank
- Indian Overseas Bank
- Punjab National Bank
- Indian Bank
- ICICI Bank
- Federal Bank
- Dhanlaxmi Bank
- UCO Bank
- South Indian Bank
- yes bank
- Canara Bank
- Axis Bank
- IDBI Bank
- Karur Vyasa Bank
- HDFC bank
- Bandhan Bank
- State Bank of India
- Punjab and Sindh Bank
Benefits & features of MP Udyam Kranti Yojana
- The Madhya Pradesh Chief Minister Udyam Kranti Yojana, initiated by Chief Minister Shri Shivraj Singh Chouhan, was launched on March 13 during the inauguration of the Nagrodaya Mission.
- This scheme, introduced alongside the financial budget announcement, aims to provide loans to the youth of Madhya Pradesh for initiating their enterprises.
- Notably, beneficiaries do not require any personal guarantee for these loans, and the government offers interest subsidies.
- By promoting self-employment, the scheme envisions a decline in the state’s unemployment rate, fostering self-reliance and empowerment among citizens.
- The benefits are directly transferred to the beneficiaries’ accounts through Direct Benefit Transfer.
Provisions of Mukhyamantri Udyam Kranti Yojana
- To be eligible for the Madhya Pradesh Chief Minister Udyam Kranti Yojana, applicants must be aged between 18 and 40 years and have completed at least the 12th class.
- The family’s annual income should not exceed Rs 12 lakh. Income tax details of the last 3 years are mandatory for tax-paying families.
- Applicants must not be defaulters with any bank or financial institution and should not be benefiting from other state or central government self-employment schemes.
- The moratorium period is 7 years, during which the loan account remains NPA, with no interest subsidy.
- The scheme will be overseen by the Micro, Small and Medium Enterprises Department through an integrated portal.
Eligibility for MP Mukhyamantri Udyam Kranti Yojana
- To qualify for the Madhya Pradesh Chief Minister Udyam Kranti Yojana, the applicant must be a permanent resident of Madhya Pradesh, aged between 18 and 40 years, with a minimum 12th class qualification.
- The family’s annual income should not exceed ₹12,00,000. Tax-paying applicants must submit income tax details for the last 3 years.
- The scheme is exclusively for entrepreneurs establishing new ventures.
- Eligible individuals should not have any defaults with banks or financial institutions and should not be benefiting from other government self-employment schemes at the central or state level.
Required Documents
- Aadhar card
- copy of bank passbook
- Address proof
- Ration card
- identity card
- mobile number
- passport size photograph
How to Apply For MP Mukhyamantri Udyam Kranti Yojana?
- To apply for the Udyam Kranti Yojana, visit the official website https://samast.mponline.gov.in/.
- Click on ‘Apply’ and then ‘Create New Profile.’
- Enter personal details like name, date of birth, gender, relationship, category, mobile number, email, and Captcha.
- Click ‘Create Profile.’ Log in with your registered mobile number and date of birth.
- Select ‘Madhya Pradesh Chief Minister Udyam Kranti Yojana.’
- Fill in the application form, upload required documents, and click ‘Submit.’
- This completes your application process for the Madhya Pradesh Chief Minister Udyam Kranti Yojana.
Check Mukhyamantri Udyam Kranti Yojana Application status
To check the application status for Madhya Pradesh Chief Minister Udyam Kranti Yojana:
- Visit the official website.
- Open the homepage.
- Select “View Application Status.”
- Log in using your registered mobile number and date of birth.
- Choose the “Application Status” option.
- Enter your Reference Number.
- Search and click to view your application status on your computer screen.
Login On The Portal
To log in to the Madhya Pradesh Chief Minister Udyam Kranti Yojana website:
- Visit the official website.
- Open the homepage.
- Click on the “Login” option.
- Enter your registered mobile number and date of birth on the new page.
- Click “Continue” to successfully log in.
Conclusion
The Madhya Pradesh Chief Minister Udyam Kranti Yojana 2024, with its online application process, demonstrates a commitment to fostering entrepreneurship. Its eligibility criteria ensure inclusivity, empowering a diverse range of individuals. The scheme not only simplifies access through digital platforms but also extends substantial benefits to applicants. By encouraging economic self-reliance, this initiative aligns with the state’s vision for progressive development. In conclusion, the online application process, inclusive eligibility, and substantial benefits collectively contribute to the scheme’s effectiveness in promoting entrepreneurial growth in Madhya Pradesh.
FAQ’s
Who is eligible to apply for the Udyam Kranti Yojana in Madhya Pradesh?
Individuals meeting the specified eligibility criteria, including residents of Madhya Pradesh, can apply.
What benefits does the scheme offer to applicants?
The scheme provides financial assistance, training, and support to encourage entrepreneurship and self-employment.
What documents are required for the application process?
Necessary documents may include proof of residence, identity, educational qualifications, and other relevant details.
How can I apply online for the scheme?
Visit the official website, complete the online application form, and follow the step-by-step instructions provided.
How can I check the status of my application online?
Log in to the official website, select the application status option, and enter the required details, such as your reference number.
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