Mukhyamantri Udyam Kranti Yojana (Madhya Pradesh)
मुख्यमंत्री उद्यम क्रांति योजना (मध्य प्रदेश)
Ministry / Dept: Micro, Small & Medium Enterprises Department, Govt of MP • Agency: District Industries Centres (DIC) / MP Online / Scheduled Banks
📋 Scheme Objective & Overview
MP state initiative granting loans up to ₹50 Lakhs to educated youth for starting new businesses, with a 3% annual interest subsidy and complete waiver of loan guarantee fees.
💰 Key Financial Benefits & Subsidy Details
- ✓Manufacturing units: Loans from ₹1 Lakh up to ₹50 Lakhs.
- ✓Service and Retail units: Loans from ₹1 Lakh up to ₹25 Lakhs.
- ✓State pays 3% interest subsidy per year for 7 consecutive years.
- ✓State Govt bears the entire CGTMSE credit guarantee fee, eliminating collateral demand.
🎯 Who is Eligible? (Eligibility Criteria)
- •Native resident of Madhya Pradesh.
- •Age between 18 to 45 years.
- •Minimum educational qualification: 12th pass (Higher Secondary).
- •Family annual income should not exceed ₹12 Lakhs.
- •Applicant or family should not be a bank defaulter.
Age Requirement: 18 to 45 years.
Education Qualification: 12th standard pass (Higher Secondary)
📑 Mandatory Documents Required Checklist
Scanned PDF / Copies🚀 Step-by-Step Application Procedure
❓ Frequently Asked Questions (Mukhyamantri Udyam Kranti Yojana (Madhya Pradesh))
What is the maximum loan limit under Mukhyamantri Udyam Kranti Yojana (Madhya Pradesh)?
Eligible applicants can avail up to Up to ₹50 Lakhs (Manufacturing) / ₹25 Lakhs (Services & Retail) in financial assistance from authorized partner banks.
How much capital subsidy is provided?
The scheme provides 3% Annual Interest Subsidy for 7 Years + 100% Bank Guarantee Fee paid by MP Government credited directly to the loan bank account upon milestone verification.
Is collateral security or mortgage required?
Collateral-free: MP State Govt bears 100% CGTMSE loan guarantee fee.
Ready to apply for Mukhyamantri Udyam Kranti Yojana (Madhya Pradesh)?
Submit your online application through the official government portal.
Apply on Official Portal →Toll-Free Helpline: 0755-6720200
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