Madhya Pradesh Mukhyamantri Swarozgar Yojana

Introduction

Madhya Pradesh Mukhyamantri Swarozgar Yojana was introduced to encourage eligible youth in the state to establish their own self-employment activities and become financially independent. The scheme provided financial support for setting up eligible businesses and enterprises through bank loans, margin money assistance and interest subsidy.

Under the scheme, eligible applicants could obtain financial assistance for different self-employment activities. The scheme aimed to promote entrepreneurship, create employment opportunities and help unemployed youth establish sustainable sources of income. Applicants had to meet the prescribed eligibility conditions to receive benefits.

Important Update: Madhya Pradesh Mukhyamantri Swarozgar Yojana has been discontinued from 1 April 2020. Therefore, fresh applications are no longer accepted under this scheme. Applicants looking for a current self-employment and entrepreneurship scheme in Madhya Pradesh can check the Mukhyamantri Udyam Kranti Yojana.

Scheme Benefits

The scheme provided financial assistance to eligible applicants to establish self-employment activities. The major benefits available under the scheme were as follows:

• The project cost under the scheme ranged from ₹50,000 to ₹10 lakh.
• General category applicants could receive 15% of the project cost as margin money assistance, up to ₹1 lakh.
• BPL, SC, ST, OBC (excluding creamy layer), women, minorities and persons with disabilities could receive 30% of the project cost, up to ₹2 lakh.
• Vimukt, nomadic and semi-nomadic tribes could receive 30% of the project cost, up to ₹3 lakh.
• Members of Bhopal Gas Tragedy-affected families were eligible for an additional 20% assistance on the project cost, up to ₹1 lakh.
• An interest subsidy was available at 5% per annum and at 6% per annum for women for a maximum period of 7 years, subject to the prescribed maximum of ₹25,000 per year.
• Guarantee fees were payable at the prevailing rate for a maximum period of 7 years.

Eligibility Requirements

Applicants had to meet the prescribed conditions to receive benefits under the Mukhyamantri Swarozgar Yojana. The key eligibility requirements included:

• The applicant should be a native resident of Madhya Pradesh.
• The applicant should have passed at least the 5th class.
• The applicant's age should be between 18 and 45 years.
• There was no income limit for applying under the scheme.
• The applicant's family should not already be established in the business sector and should not be an income-tax-paying family, as per the prescribed conditions.
• The applicant should not be a defaulter of any nationalised bank, cooperative bank or financial institution.
• A beneficiary could receive benefits under the scheme only once.

Required Documents

Applicants were required to submit the prescribed documents along with their application. The documents mentioned for the scheme included:

• Project report in the prescribed format.
• Madhya Pradesh domicile certificate.
• Educational qualification certificate.
• Birth certificate.
• Disability certificate, if applicable.
• Caste certificate, if applicable.
• Certificate relating to Vimukt, nomadic and semi-nomadic tribes, if applicable.
• Rent agreement, if the land or building was taken on lease.
• Income-tax returns for the previous three years.

Steps to Apply

The scheme was previously implemented through the MPOnline portal. The following was the application process when the scheme was operational:

• Visit the MPOnline MSME portal.
• Complete the online application form with the required details.
• Submit the application along with all required documents to the District Trade and Industry Centre.
• The received application was registered and scrutinised by the concerned officials.
• The applicant was informed within 15 days whether the application was complete or incomplete.
• The applicant was required to prepare and attach a general project report for the proposed activity.

Important Links

• MPOnline MSME portal
• Department of Micro, Small and Medium Enterprises, Madhya Pradesh 

Contact Information

• Micro, Small and Medium Enterprises Department, Madhya Pradesh