Mukhya Mantri Yuva Udyami Yojana

Description
The scheme "Mukhya Mantri Yuva Udyami Yojana" was launched on 1st August 2014 by the Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh. The scheme provides loans of up to ₹10,00,000 to ₹2,00,00,000 to the citizens of Madhya Pradesh who want to set up their industries.

Exclusions
• If the applicant is getting assistance under any other self-employment scheme, then he cannot avail of benefits under this scheme.
• The applicant’s family should not be an income taxpayer.
• The applicant should not be a defaulter of any bank.

Benefits
• 15% of the capital cost of the project for the general category. (Maximum ₹ 12,00,000.)
• 20% of the capital cost of the project for BPL (Maximum ₹ 18,00,000)
• At the rate of 5% per annum on the capital cost of the project and at the rate of 6% per annum for women entrepreneurs, for a maximum of 7 years. (Maximum Rs 5,00,000 lakh per year)
• The guarantee fee will be paid at the current rate for up to 7 years.

Eligibility Criteria
1. - The applicant should be a permanent resident of Madhya Pradesh.
2. - The applicant should have passed Class 10th.
3. - The applicant’s age should be between 18 to 40 years.
4. - The benefit of this scheme can be availed only once.

Application Process
Step 1: Step 1: Visit the official website using the provided link
Online
Step 1: Visit the official website using the provided link

Step 2: Step 2: The homepage will appear, and you need to click on the application link for the Mukhya Mantri Yuva Udyami Yojana
Online
Step 2: The homepage will appear, and you need to click on the application link for the Mukhya Mantri Yuva Udyami Yojana

Step 3: Step 3: Various departments associated with the scheme will be displayed. Choose the department that interests you
Online
Step 3: Various departments associated with the scheme will be displayed. Choose the department that interests you

Step 4: Step 4: Choose the option for registration or sign-up if you are a new application. Click the submit button after entering your name, mobile number, password, and captcha code
Online
Step 4: Choose the option for registration or sign-up if you are a new application. Click the submit button after entering your name, mobile number, password, and captcha code

Step 5: Step 5: After submitting, you will be registered on the portal
Online
Step 5: After submitting, you will be registered on the portal

Step 6: Step 6: Now, you can log in to the portal and apply for the scheme.
Online
Step 6: Now, you can log in to the portal and apply for the scheme.

Step 7: Step 1: Complete the application form available on the mpmsme.gov.in online portal or
Offline
Step 1: Complete the application form available on the mpmsme.gov.in online portal or

Step 8: Step 2: Attach all the required supporting documents as specified in the form
Offline
Step 2: Attach all the required supporting documents as specified in the form

Step 9: Step 3: Apply for the District Trade and Industry Center
Offline
Step 3: Apply for the District Trade and Industry Center

Step 10: Step 4: Once received, all applications will be registered
Offline
Step 4: Once received, all applications will be registered

Step 11: Step 5: Within 15 days, the applicant will be informed about the status of their application, whether it is complete or incomplete
Offline
Step 5: Within 15 days, the applicant will be informed about the status of their application, whether it is complete or incomplete

Step 12: Step 6: The applicant should also prepare a General Project Report (GPR) for the proposed activity and include it with the application.
Offline
Step 6: The applicant should also prepare a General Project Report (GPR) for the proposed activity and include it with the application.

Required Documents
• Detailed Project Report
• Madhya Pradesh Native Certificate
• Certificate of Educational Qualification
• date of birth certificate
• If the land/building is on rent then the rent name
• Quotations of current rates for machinery/equipment/ equipment

Frequently Asked Questions
Q: What is the Mukhya Mantri Yuva Udyami Yojana?
A: The scheme aims to provide benefits and financial assistance. the government of Madhya Pradesh gives loans up to loans up to [?]10,00,000 to [?]2,00,00,000 will be provided by the bank to all those citizens of the state who want to set up their industries.

Q: Who is eligible for the scheme?
A: The scheme is open to all Indian citizens above the age of 18 to 40 who are permanent residents of Madhya Pradesh.

Q: How much financial assistance is available under the scheme?
A: A maximum of [?]10 lakhs will be provided as financial assistance to each successful applicant under the scheme.

Q: What is the minimum educational qualification required for the scheme?
A: Yes, the Madhya Pradesh government provides financial support to startups and small businesses through various schemes, including the Chief Minister Youth Entrepreneur Scheme.

Q: Can non-residents of Madhya Pradesh apply for this scheme?
A: No, only permanent residents of Madhya Pradesh are eligible to apply for the Chief Minister Youth Entrepreneur Scheme.

Q: What documents are required to register for the Scheme?
A: Detailed Project Report
Madhya Pradesh Native Certificate
Certificate of Educational Qualification
date of birth certificate
the land/building is on rent then the rent name
Quotations of current rates for machinery/equipment/ equipment

Q: Under which department does this scheme come?
A: Department of Micro, Small & Medium Enterprises

Q: How to apply offline?
A: Complete the application form available on the mpmsme.gov.in online portal or https://mpmsme.gov.in:8080/mpmsmecms/Uploaded%20Document/Documents/MYUY_Application.pdf

Q: How to apply online?
A: Visit the official website using the provided linkhttps://msme.mponline.gov.in/Portal/Services/msme2019/landing.html

Q: Is this Scheme for student scholarship?
A: No, Under this scheme, loans will be provided by the bank to all those citizens of the state who want to set up their industries.