Mukhya Mantri Swarojgar Yojana: In a bid to generate self-employment opportunities and promote entrepreneurship among the youth, the Madhya Pradesh government is actively implementing the Mukhya Mantri Swarojgar Yojana. The scheme aims to support unemployed youth in establishing their own businesses by providing financial assistance, training, and institutional support.
Benefits of the Scheme
Under the initiative, eligible applicants are provided bank loans for setting up small businesses, industries, or service-based enterprises. The state government extends subsidy and margin money support on these loans, thereby reducing the financial burden on beneficiaries. Apart from monetary aid, the scheme also offers training and guidance to young entrepreneurs. Both urban and rural youth can avail the benefits.
Eligibility Criteria
To qualify for the scheme, applicants must be permanent residents of Madhya Pradesh and fall within the age group of 18 to 45 years. Candidates should be unemployed and not engaged in any permanent occupation. A minimum educational qualification of Class 8 or 10 is required, depending on the type of business proposed. The scheme gives priority to Scheduled Castes, Scheduled Tribes, women, and persons with disabilities. Additionally, applicants should not already be availing benefits from any other government-run self-employment program.
The state government believes that the Mukhya Mantri Swarojgar Yojana will play a key role in reducing unemployment and fostering a culture of entrepreneurship across Madhya Pradesh.