Mukhya Mantri Krishak Udyami Yojana
By Department of MSME, Government of Madhya Pradesh
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Quick Answer
Loans of ₹50,000 to ₹10 lakh plus capital cost and interest subsidies for children of farmers aged 18 to 45 in Madhya Pradesh who want to start a business.
- Funding amount
- ₹50,000 – ₹10L
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Madhya Pradesh
About this loan
Children of farmers aged 18 to 45 in Madhya Pradesh can get a loan of ₹50,000 to ₹10 lakh to start a new business. The Department of Micro, Small & Medium Enterprises runs the scheme.
You must be a permanent resident of Madhya Pradesh with at least 10th class education. Your parents must not own agricultural land, and you must not be an income taxpayer.
The capital cost subsidy is 15% (maximum ₹12 lakh) for the general category and 20% (maximum ₹18 lakh) for BPL. The interest subsidy is 5% per annum for men and 6% for women, for up to 7 years. The guarantee fee is also covered for up to 7 years.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
The Department of Micro, Small and Medium Enterprises of the Government of Madhya Pradesh runs the state's startup policy and the assistance that comes with it. The Madhya Pradesh Startup Centre (MPSC) is the nodal agency for implementation, and MPLUN disburses the sanctioned…
Learn moreBenefits & Funding
- Amount
- ₹50,000 – ₹10L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The Mukhya Mantri Krishak Udyami Yojana provides crucial financial assistance, primarily through loans ranging from ₹50,000 to ₹10 lakh, enabling farmer's children to launch their entrepreneurial ventures. Beyond the loan, the scheme offers significant capital cost subsidies:
- For general category: 15% of the capital cost (maximum ₹12 lakh).
- For BPL category: 20% of the capital cost (maximum ₹18 lakh).
- For projects less than ₹10 lakh: 15% (max ₹1 lakh) for general, 30% (max ₹2 lakh) for BPL/SC/ST/OBC/Women/Minorities/Disabled.
- Additional 30% (max ₹3 lakh) for liberated nomadic/semi-nomadic tribes.
- Additional 20% (max ₹1 lakh) for Bhopal Gas victim families. The program also includes an interest subsidy of 5% per annum for male entrepreneurs and 6% for women entrepreneurs, applicable for a maximum of 7 years (maximum ₹5 lakh per annum for projects over ₹10 lakh; maximum ₹25,000 per annum for projects under ₹10 lakh). Furthermore, the scheme covers the guarantee fee at the prevailing rate for a maximum of 7 years, easing the burden of securing loans.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications, whether submitted online or offline, undergo a verification process by officers from the Department of Farmer Welfare or District Trade and Industry Centre. The submitted documents are thoroughly checked to ensure compliance with the eligibility criteria. Upon successful verification, eligible applicants are approved to receive the scheme's benefits.
Application Process
- 1
Online Registration / Form Fill-up
Applicant registers on the MSME MP online portal and submits the application form.
You - 2
- 3
- 4
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
Who is eligible to apply for the Mukhya Mantri Krishak Udyami Yojana?
The scheme is open to permanent residents of Madhya Pradesh, aged between 18 and 45 years, with a minimum educational qualification of 10th class. Applicants' parents should not own agricultural land, and the applicant should not be an income taxpayer.
What kind of financial assistance is provided?
The scheme offers loans ranging from ₹50,000 to ₹10,00,000. Additionally, it provides capital cost subsidies of 15% (up to ₹12 lakh) for the general category and 20% (up to ₹18 lakh) for the BPL category, with further benefits for specific disadvantaged groups. An interest subsidy of 5% for males and 6% for women entrepreneurs is also provided for up to 7 years, along with coverage of the guarantee fee.
Are there special benefits for specific categories?
Yes, enhanced capital cost subsidies are available for BPL, Scheduled Caste, Scheduled Tribes, Other Backward Classes (non-creamy layer), women, minorities, disabled individuals, liberated nomadic and semi-nomadic tribes, and Bhopal Gas victim family members. Women entrepreneurs also receive a higher interest subsidy.
How long is the loan repayment period?
The loan provided under this scheme is eligible for an interest subsidy and guarantee fee coverage for a maximum tenure of 7 years (84 months).
What types of businesses are eligible?
The scheme aims to help beneficiaries establish 'their businesses' in a broad sense, without specifying particular industries. It is generally intended for micro, small, and medium enterprises that can contribute to self-reliance and employment generation.
Sources
Data on this page is compiled from official program and provider references.
