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With the objectives to provide employment opportunity to the youth, the Hon’ble Chief Minister of Madhya Pradesh Shri Shivraj Singh Chouhan launched the ‘Mukhyamantri Udyam Kranti Yojana’ on April 5, 2022. Under the scheme, loans ranging from Rs. 1 to 50 lakh for manufacturing activities and Rs. 1 lakh to 25 lakh for service and trading activities will be provided to 12th passed youths of age group 18 to 40 years for self-employment.
The government will provide 3 percent per year interest subsidy and CGTMSE guarantee fee for a maximum period of 7 years in the form of financial assistance to the beneficiaries.
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