The Madhya Pradesh government provides loans to youth to help them start and grow their business through the MP Mukhyamantri Swarojgar Yojana. This scheme provides financial assistance to unemployed citizens to start their ventures. Under this scheme, loans are available to both men and women who wish to start an industry based on their interest, intending to reduce unemployment and make the citizens of the state self-reliant.
Objective
The primary goal of the MP Mukhyamantri Swarojgar Yojana is to encourage self-employment among the citizens of the state, create employment opportunities and reduce unemployment. This scheme provides loans to set up businesses, especially for those who struggle financially to start their venture.
Benefits and Features
- This scheme provides loans ranging from ₹50,000 to ₹10 lakh.
- The loan amount is transferred directly to bank accounts through DBT.
- The maximum repayment period of the loan is seven years.
- Beneficiaries get margin money, subsidies and training.
- This scheme is managed by the Department of Small and Medium Enterprises.
- The loan amount is disbursed within 30 days of the application being approved.
- The scheme aims to improve the state’s economy and generate revenue.
- All sections of society can get benefits, self-employment will be promoted and unemployment will be reduced.
- Loan amount Under this scheme, unemployed youth get financial assistance to start their own business, including loans ranging from Rs 50,000 to Rs 10 lakh, which can be repaid in seven years.
Eligibility
- The applicant must be a resident of Madhya Pradesh.
- Minimum educational qualification: 5th pass.
- Both educated men and women can apply.
- Age: 18 to 45 years.
- The benefit of this scheme can be availed only once.
- The applicant must have a bank account linked to Aadhaar.
Required Documents
- Aadhaar Card
- Residence Certificate
- PAN Card
- Driving License
- Voter ID
- Birth Certificate
- 5th Class Marksheet
- Ration Card
- Caste Certificate
- Income Certificate
- Affidavit
- Bank Passbook
- Mobile Number.
Application Process
Residents of Madhya Pradesh can apply for this scheme online or offline. It is beneficial for those who want to start their own business and secure a bright future for themselves and their family. Applicants must meet the eligibility criteria set by the government to get the loan.
How to Apply Online?
- Visit the official website of MP Mukhyamantri Swarojgar Yojana.
- Click on the Scheme option on the homepage.
- Choose the relevant department.
- Sign up by entering your name, mobile number, password and captcha code.
- Login and fill out the application form.
- Upload the required documents.
- Submit the application form.
How to Apply Offline?
- Visit the nearest government office.
- Get the application form for the scheme.
- Fill the required information in the form.
- Attach the required documents.
- Submit the form to the same office.
How to Check Application Status?
- Visit the official website.
- Click on the Scheme option.
- Choose the relevant department.
- Enter your application number under Track Application.
- Click on “GO” to check the status.
Frequently Asked Questions
Q: Where is the Mukhyamantri Swarojgar Yojana implemented?
Answer: This scheme is implemented by the Small and Medium Enterprises Department in Madhya Pradesh.
Q: How much loan can be taken under the scheme?
Answer: Loans ranging from ₹50,000 to ₹10 lakh are available.
Q: When will you get the loan amount after applying?
Answer: The loan amount is disbursed within 30 days of the application being approved.
Q: What is the official website of Mukhyamantri Swarojgar Yojana?
Answer: The official website is https://msme.mponline.gov.in/Portal/.
Also Read:
- Madhya Pradesh Van Dhan Yojana: Complete Overview
- Gramodaya Se Bharat Uday Abhiyan: Complete Information
