Madhya Pradesh Chief Minister Udyam Kranti Yojana: Madhya Pradesh government is going to launch a new MP Mukhyamantri Udyam Kranti Yojana 2022 on Vivekananda Jayanti i.e 12 January 2022, which is declared as Employment Day. In this scheme, the state govt. will provide guarantee on loans taken from banks for self employment. In addition to this, the state govt. will also provide interest subsidy on the loan amount taken.
CM mentioned that along with the youths, aspiring women (mothers & sisters of MP) who wants to become entrepreneurs would be eligible. In this article, we will describe how you can apply online and fill MP Mukhyamantri Udyam Kranti Yojana online application / registration form.
MP Mukhyamantri Udyam Kranti Yojana Latest Update on Launching
Chief Minister Shivraj Singh Chouhan is going to launch Udyam Kranti Yojana here on Wednesday, Vivekanand Jayanti, which has been declared as Employment Day. The MP Mukhyamantri Udyam Kranti scheme was however launched for the first time in November 2021, as per the gazette notification by MSME department but was never implemented, as per officials.
Launching of the scheme on Wednesday at Kushabhau Thakre Hall would kickstart the campaign to connect 5.26 lakh youths of the state with employment through job fairs in all the districts, said the secretary of Micro, Small and Medium Enterprises P Narhari while talking to Free Press on Tuesday. Chief minister will distribute loan sanction letters to the beneficiaries of central and state self-employment schemes and the same will be done at all the district headquarters with 100 beneficiaries in attendance in view of coronavirus.
What is MP Mukhyamantri Udyam Kranti Yojana 2022
To provide self-employment opportunities to mothers and sisters along with youth, the government will give guarantee for bank loans. The Madhya Pradesh government will give the grant of interest along with the guarantee. For this Mukhyamantri Udyami Kranti Yojana will be started. CM Shivraj Singh Chouhan has announced this Mukhyamantri Udyam Kranti Yojana for the welfare of aspiring youths, women who wants to become entrepreneurs. Department of Micro, Small and Medium Enterprises is the nodal agency for implementation of CM Udyami Kranti Yojana.
Objectives of Mukhyamantri Udyami Kranti Yojana
Loans will be made available to the youths through financial institutions at concessional interest rates under the Mukhyamantri Udyami Kranti Yojana. The guarantee fee will also be borne by the state government. MSME secretary P Narhari said that “The objective of Mukhyamantri Udyam Kranti Yojana is to make the youth employable by connecting them with self-employment. Government agencies, financial institutions, beneficiaries, training institutes and entrepreneurship centres are working together for the successful implementation of all self-employment schemes.”
Loan amount (only for new enterprises)
- Manufacturing enterprises: Rs. 1-50 lakh
- Service sector: Rs. 1-25 lakh
- Duration: Maximum 7 years
- Interest rate: 3% on outstanding term loan and working capital loan
MP Mukhyamantri Udyam Kranti Yojana Notification
MP Mukhyamantri Udyam Kranti Yojana Notification has been released by MP MSME department, a part of which is shown here:-
Madhya Pradesh Government Schemes 2022Madhya Pradesh Government Scheme HindiPopular Schemes in Madhya Pradesh:Mukhyamantri Rural Street Vendor Loan SchemeMP E Uparjan Kharif 2021-22 Farmers RegistrationMP Mukhyamantri Yuva Udyami Yojana (MMYUY)
Complete notification on MP Mukhyamantri Udyam Kranti Yojana is available through the link, check and download it from here – https://www.mpmsme.gov.in/website/mukhyamantri-udyam-kranti-yojana
Schemes under which Loans will be Sanctioned
- Pradhan Mantri Swanidhi Yojana
- Pradhan Mantri Rojgar Srijan Yojana
- Pradhan Mantri Mudra Yojana
- National Rural Livelihood Mission
- National Urban Livelihood Mission
- Mukhyamantri Gramin Path Vikreta Yojana
MP Mukhyamantri Udyam Kranti Yojna Application Forms
Just like other self employment loan scheme in other states, the state govt. of MP may invite MP Mukhyamantri Udyam Kranti Yojna online application forms. These registration form may be invited at the official website of https://mp.gov.in/ or at a new dedicated portal. Currently, CM Shivraj Singh has only made announcement about the scheme and CM Udyam Kranti Scheme apply process has not been started yet.
As soon as the Mukhyamantri Udyam Kranti Yojana apply online process begins, we will update it here.
Eligibility Criteria for CM Udyam Kranti Yojana
- Age: 18-40 years
- Minimum Qualification: 12th std
- Minimum family income: Not more than Rs 12 lakh
- Should not be a beneficiary of any other central/state self-employment scheme
- Should not be a defaulter at any bank/finance institution
What is the purpose of Job Fair
- Beneficiaries will be given loan approval letters
- Interested candidates will be introduced to the experienced people who have already established self-employment to benefit from the latterís time in business
- Products of established businesses through self-employment schemes will be exhibited
- Counseling by subject-experts to interested youths
- Stalls of departments, banking institutions will be set up for youths to get information about schemes and banking services
What about Corona Norms
Narhari said, “In view of increasing covid-19 cases, only 100 beneficiaries have been invited to each district fair. Rest will either have to collect theirs from the offices later or will receive their letters at their residence.”
Delayed Launch of Mukhyamantri Udyam Kranti Scheme
Mukhyamantri Swarojgar Yojana, Mukhyamantri Yuva Udyami Yojana and Mukhyamantri Krishak Udyami Yojana were terminated and a new scheme called Udyam Kranti Yojana was launched through a gazette notification on November 29, 2021. But the implementation is starting now. This would be the first self-employment scheme to be launched after a gap of two years. Mukhyamantri Yuva Udyami Yojana was terminated during the first wave of coronavirus.