Mukhya mantri Swarojgar Yojana
The scheme aims to provide benefits financial assistance, interest subsidies, and a guarantee. the government of Madhya Pradesh gives loans to the state's citizens to establish employment so that all citizens can start employment.
About the Mukhya mantri Swarojgar Yojana Scheme
The Mukhya Mantri Swarojgar Yojana was launched on 1 August 2014 under The Department of Micro, Small & Medium Enterprises, Madhya Pradesh government gives loans up to ₹50,000 to ₹10,00,000 to the state's citizens to establish employment so that all the citizens can start employment. Under Madhya Pradesh Mukhya Mantri Swarozgar Yojana, the government provides the benefit of money margin, interest subsidy, loan guarantee, and training to the beneficiaries. It provides a minimum period of 6 months and a maximum of 7 years to repay the loan payable by the bank.
Benefits
> Financial help
Margin money assistance
- 15% of the project cost (maximum ₹.1,00,000 for the general category.
- 30% of the cost (maximum ₹2,00,000) for Below Poverty Line( BPL) , Scheduled Castes(SC) , Scheduled Tribes(ST), Other Backward Classes(OBC) (except creamy layer)/ Women/ Minority/ Disabled project.
> Additional provisions -
- 30% of the project cost (maximum ₹3,00,000 lakh) to the liberated nomadic and semi-nomadic tribes.
- Bhopal gas victim family members are eligible for an additional 20% (maximum ₹1,00,000 on the project cost.
> interest subsidy
- At the rate of 5% per annum of the project cost and for women entrepreneurs at the rate of 6% per annum, for a maximum of 7 years. (Maximum ₹25,000 per annum)
- Guarantee Fee (CGTMSE/: CGFMU) Up to a maximum of 7 years at the prevailing rate.
Eligibility Criteria
- The applicant Should be a permanent resident of Madhya Pradesh.
- The applicant should have passed in the 5th class.
- The applicant’s age should be between 18 to 45 years.
- The applicant’s family should not be an income taxpayer.
- The applicant should not be a defaulter of any bank.
<br>
How to Apply for Mukhya mantri Swarojgar Yojana
Application mode: Online
Step 1: Visit the official website using the provided link
Step 2: The homepage will appear, and you need to click on the application link for the Mukhya Mantri Swarozgar Yojana
Step 3: Various departments associated with the scheme will be displayed. Choose the department that interests you
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: After submitting, you will be registered on the portal
Step 6: Now, you can log in to the portal and apply for the scheme.
Exclusions
- The applicant is getting assistance under any other self-employment scheme, then he cannot avail of benefits under the scheme.
- The benefit of this scheme can be availed only once.
<br>
Frequently Asked Questions
What is the Mukhya mantri Swarojgar Yojana scheme?
The Mukhya Mantri Swarojgar Yojana was launched on 1 August 2014 under The Department of Micro, Small & Medium Enterprises, Madhya Pradesh government gives loans up to ₹50,000 to ₹10,00,000 to the state&39;s citizens to establish employment so that all the citizens can start…
Who is eligible for Mukhya mantri Swarojgar Yojana?
The applicant Should be a permanent resident of Madhya Pradesh. The applicant should have passed in the 5th class. The applicant’s age should be between 18 to 45 years. The applicant’s family should not be an income taxpayer. The applicant should not be a defaulter of any bank. <br
What benefits does Mukhya mantri Swarojgar Yojana provide?
Financial help Margin money assistance 15% of the project cost (maximum ₹.1,00,000 for the general category. 30% of the cost (maximum ₹2,00,000) for Below Poverty Line( BPL) , Scheduled Castes(SC) , Scheduled Tribes(ST), Other Backward Classes(OBC) (except creamy layer)/ Women/ Minority/ Disabled p…
How can I apply for Mukhya mantri Swarojgar Yojana?
Step 1: Visit the official website using the provided link Step 2: The homepage will appear, and you need to click on the application link for the Mukhya Mantri Swarozgar Yojana Step 3: Various departments associated with the scheme will be displayed. Choose the department that interests you Step 4…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
Related Government Schemes
Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women
The scheme aims to provide self-employment loans to women from minority communities. Financial assistance with a 20% subsidy is provided to widows, divorced women, and abandoned women from minority communities. The scheme is implemented by the KSMDFC.
"Agricultural Income Tax Holiday" under the "Assam Tea Industries Special Incentives Scheme"
The scheme aims to ensure long-term financial sustainability of the Tea industry and to incentivize manufacturers to move from Crush, Tear, Curl tea to Orthodox tea production. The scheme is implemented by the Finance Department and the Industries & Commerce Department, Government of Assam.
"Annual Insurance Premium for Boat Owners" under "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries"
"Annual Insurance Premium for Boat Owners" under "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries" is introduced to increase marine fish production through subsidies for the annual premiums for insurance coverage paid by the mechanized boat operators.
"Interest Subvention on Working Capital" under the "Assam Tea Industries Special Incentives Scheme"
The scheme aims to ensure long term financial sustainability of the Tea industry and incentivize Orthodox tea production over Crush, Tear, Curl tea. It provides interest subvention, production subsidies, plant & machinery subsidies, tax holidays to tea plantations and manufacturing units in Assam.
"Orthodox or Specialty Tea Production Subsidy" under the "Assam Tea Industries Special Incentives Scheme"
The scheme aims to ensure long-term financial sustainability of the Tea industry and to incentivize manufacturers to move from Crush, Tear, Curl tea to Orthodox tea production. The scheme is implemented by the Finance Department and the Industries & Commerce Department, Government of Assam.
"Subsidy for Orthodox & Speciality Tea Unit for Plant & Machinery" under the "Assam Tea Industries Special Incentives Scheme"
The scheme aims to ensure long-term financial sustainability of the Tea industry and to incentivize manufacturers to move from Crush, Tear, Curl tea to Orthodox tea production. The scheme is implemented by the Finance Department and the Industries & Commerce Department, Government of Assam.