Mukhyamantri Udyam Kranti Yojana

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Madhya Pradesh government has come up with Mukhyamantri Udyam Kranti Yojana for promoting self-employment opportunities in the state. On the occasion of Madhya Pradesh Foundation Day on November 1, 2021 Chief Minister Shivraj Singh Chouhan announced this scheme. Under this scheme bank loans will be made available to the interested eligible individuals. State government will provide guarantee for such bank loans along with interest subsidy. This scheme will cover the youth and ladies in the state. These loans will help the beneficiaries to start their venture and run it accordingly. This scheme will provide livelihood opportunities to the eligible beneficiaries in the state. It tends to ensure their welfare and social security in the state.

Scheme Overview:
Scheme name Mukhyamantri Udyam Kranti Yojana
Scheme Under Madhya Pradesh Government
Announced By Chief Minister Shivraj Singh Chouhan
Main Beneficiaries Youth and ladies in the state
Objective To provide financial assistance and encourage self-employment in the state.
Scheme Objectives and Benefits:
The main objective of the scheme is to encourage self-employment opportunities in the state.
It tends to provide financial assistance to the youth and ladies for starting their own ventures.
Financial assistance will be provided in the form of bank loans to the beneficiaries.
Loan guarantee and interest subsidy will be provided by the state government under this scheme.
Women will be encouraged to take up self-employment ventures.
It intends to strengthen the start-up mechanism in the state.
It will boost the economy of the state in the long run.
Key Points:
Mukhyamantri Udyam Kranti Yojana is announced by Chief Minister Shivraj Singh Chouhan for assisting the rural youth to take up self-employment opportunities.
This is also applicable to women in the state.
Under this scheme the state government will make available bank loans to the beneficiary youth and women to help them with the capital requirements.
This scheme will provide loan guarantee and interest subsidy on such loans to the beneficiaries.
Loan amounting to one to fifty lakhs will be provided with a three percent subsidy under this scheme.
Loan amount under this scheme will be transferred directly to the bank accounts of the beneficiary.
It intends to encourage the youth and women to take up new ventures in the state.
State government will extend support through this scheme.
Various efforts are being made by the state government for providing employment and elf employment opportunities in the state.
This scheme thereby focuses on youth and women in the state thereby providing them opportunities to start their own business.
It will ensure their welfare and strengthen the growth of the state economy.