Madhya Pradesh launched ‘Mukhyamantri Udhyam Kranti’ Yojna


Madhya Pradesh Chief Minister Shivraj Singh Chouhan launched the ‘Mukhyamantri Udhyam Kranti’ Yojna.

Under the scheme, the state govt will provide 1 lakh to 50 lakh for MSME start-ups. The govt will give a 3% per year interest subsidy and bank loan guarantee fee for a maximum period of 7 years.


#1 – Youth should have passed class 12th. The age of applicant should be between 18-40 years. The government will provide loans ranging from one lakh to 50 lakhs to the youth for setting up manufacturing units and enterprises. Loan from one lakh to 45 lakh rupees will be given for the service sector.

#2 – Only new entrepreneurs can apply for this scheme. Those who already have a business will not be able to apply for this scheme. The annual income of the family of the person taking the benefit of the scheme should also not exceed Rs 12 lakh.

#3 – Defaulters of any financial institution will not be able to apply for this scheme. This scheme will be implemented by the MSME department of the state.

━ related

Live Updates on RBI Monetary Policy: Key Decisions and Implications

Stay informed with live updates on the Reserve Bank of India's (RBI) monetary policy. This article provides real-time information on the central bank's policy decisions, including interest rates, liquidity measures, and other economic indicators, along with their potential impact on the Indian economy and financial markets.

Celebrating World Oceans Day 2023: Preserving Our Blue Planet

World Oceans Day 2023 is a global celebration that emphasizes the significance of our oceans and the urgent need to protect and preserve them. This year's theme highlights the crucial role of oceans in sustaining life on Earth and calls for collective action to address the environmental challenges they face.

Ukraine’s Nova Kakhovka Dam Disaster: Key Points on the Strategically Important Reservoir

The Nova Kakhovka Dam in Ukraine has recently experienced a disaster, highlighting the significance of this strategically important reservoir. Here are key points to understand the implications of the incident and its potential impact on Ukraine's water management, energy production, and regional stability.

World Bank Cuts India’s GDP Growth Forecast for FY24 to 6.3% While Raising Global Outlook

The World Bank has revised India's GDP growth forecast for the fiscal year 2023-2024, projecting a rate of 6.3%. This downward revision reflects the challenges faced by the Indian economy, while the global outlook has been revised upwards. The World Bank's assessment highlights the need for policy measures to address the factors impacting India's economic growth.

Tata Group Signs $1.6 Billion EV Battery Plant Deal in Gujarat

The Tata Group, a prominent conglomerate in India, has inked a significant deal worth $1.6 billion to establish an electric vehicle (EV) battery manufacturing plant in Gujarat. This strategic move reflects Tata's commitment to the development of sustainable mobility solutions and positions the company at the forefront of India's electric vehicle revolution.