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.