Mukhyamantri Udyam Kranti Yojana

Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurated the ambitious ‘Mukhyamantri Udyam Kranti Yojana’ on April 5 to make the youth employed as per his vision.

• The scheme has been made self-employment friendly, in which loans ranging from one lakh to 50 lakh will be provided to the youths for self-employment.

• A target has been set to benefit one lakh youths in this financial year under the scheme.

• In this new self-employment scheme, 12th pass youths of the state in the age group of 18 to 40 will be given loan of Rs. 1 to 50 lakh for manufacturing activities and Rs. 1 lakh to 25 lakh for service and business activities through banks.

• The government will give 3 percent per year interest subsidy and bank loan guarantee fee for a maximum period of 7 years in the form of financial assistance to the beneficiaries of “Mukhyamantri Udyam Kranti Yojana”.