Mukhya Mantri Yuva Swarozgar Yojna Scheme for Madhya Pradesh

  1. For promoting entrepreneurship in the Madhya Pradesh without the need for collateral security.
  2. Department of Commerce, Industries and Employment
  3. Panchayat and Rural Development Department for Rural Areas and Department of Commerce, Industries and Employment for Urban Areas.
  4. Ultra Small: Project Cost Up to Rs. 50000 , Small : Project Cost from Rs. 50000 to Rs. 25 lac
  5. Micro and Small Enterprises
  6. Not exceeding 84 months excluding the moratorium period.
  7. Rs. 25 lac
  8. State Government will provide 20% of the project cost as Margin Money or Maximum Rs. 10000 one shot basis for project cost up to Rs. 50000
  9. For Loan up to Rs. 10 lac : BR+0.50%, For Loan above Rs. 10 lac and up to Rs. 25 lac: BR+1.00%
  10. No collateral security if the account is covered under CGTMSE. In other case security of 100% of amount of loan sanctioned to be taken.
  11. For project cost up to Rs. 50000 @ 1% of the loan amount for the first year and @0.50% for next 4 years, or up to closure of account whichever is earlier shall be reimbursable from State Government. Rest 0.50% for 4 years, or up to closure of account whichever is earlier will be borne by the Bank.
    For project cost above Rs. 50000 and up to Rs. 25 lac @ 1% of the loan amount for the first year and @0.75% for next 4 years, or up to closure of account whichever is earlier shall be reimbursable from State Government. Rest 0.25% for 4 years, or up to closure of account whichever is earlier will be borne by the Bank.
  12. 5% for initial 5 years subject to certain limit.
Against the target of Rs 68 thousand, 68386 youths have been benefitted under the scheme so far. 13250 and 10834 of the total number belong to scheduled caste and scheduled tribes.