About this banking scheme
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 to the citizens of Madhya Pradesh who want to set up their industries.
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 Rs. 10,00,000 to Rs. 2,00,00,000 to the citizens of Madhya Pradesh who want to set up their industries.
Benefits at a glance
| Scheme name | Mukhya Mantri Yuva Udyami Yojana (MMYUY) |
|---|---|
| Launched by | Micro, Small & Medium Enterprises Department |
| Launch year | 2014 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Madhya Pradesh |
| Official portal | msme.mponline.gov.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Online / Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | Yes |
| Age | 18 to 40 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 40 years
- 🍚BPL only
- 📝Online / Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Financial assistance:
Margin money assistance
- 15% of the capital cost of the project for the general category. (Maximum Rs. 12,00,000.)
- 20% of the capital cost of the project for BPL (Maximum Rs. 18,00,000)
Interest subsidy
- 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.
Who qualifies
- The applicant should be a permanent resident of Madhya Pradesh.
- The applicant should have passed Class 10th.
- The applicant’s age should be between 18 to 40 years.
- The benefit of this scheme can be availed only once.
Who is not eligible
- 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.
Papers to keep ready
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Registration walkthrough
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 Yuva Udyami 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.
Offline
Step 1: 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
Step 2: Attach all the required supporting documents as specified in the form
Step 3: Apply for the District Trade and Industry Center
Step 4: Once received, all applications will be registered
Step 5: Within 15 days, the applicant will be informed about the status of their application, whether it is complete or incomplete
Step 6: The applicant should also prepare a General Project Report (GPR) for the proposed activity and include it with the application.
Important dates
| Launch / start | 01 Aug 2014 |
|---|
Frequently asked questions
What is the Mukhya Mantri Yuva Udyami Yojana?
The scheme aims to provide benefits and financial assistance. the government of Madhya Pradesh gives loans up to loans up to Rs. 10,00,000 to Rs. 2,00,00,000 will be provided by the bank to all those citizens of the state who want to set up their industries.
Who is eligible for the scheme?
The official listing gives no last date, so check the official portal for the current status before applying.
How much financial assistance is available under the scheme?
A maximum of Rs. 10 lakhs will be provided as financial assistance to each successful applicant under the scheme.
What is the minimum educational qualification required for the scheme?
Yes, the Madhya Pradesh government provides financial support to startups and small businesses through various schemes, including the Chief Minister Youth Entrepreneur Scheme.
Can non-residents of Madhya Pradesh apply for this scheme?
No, only permanent residents of Madhya Pradesh are eligible to apply for the Chief Minister Youth Entrepreneur Scheme.
What documents are required to register for the Scheme?
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
Under which department does this scheme come?
Department of Micro, Small & Medium Enterprises
How to apply offline?
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
How to apply online?
Visit the official website using the provided linkhttps://msme.mponline.gov.in/Portal/Services/msme2019/landing.html
Is this Scheme for student scholarship?
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.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines msme.mponline.gov.in (PDF)
- Clarification mpmsme.gov.in (PDF)
- Amendment mpmsme.gov.in (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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