Mukhya Mantri Yuva Udyami Yojana
By Department of MSME, Government of Madhya Pradesh
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Quick Answer
Government of Madhya Pradesh scheme giving loans up to ₹2 crore, margin money assistance and interest subsidies to young residents setting up new industries.
- Funding amount
- ₹1Cr – ₹20Cr
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Madhya Pradesh
About this loan
Madhya Pradesh residents aged 18 to 40 who have passed Class 10th can get loans from ₹10,00,000 to ₹2,00,00,000 to set up a new industry. The Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh launched the scheme on 1st August 2014. You can apply online or offline, and the benefit can be used only once.
Margin money assistance is 15% of the capital cost for general category applicants (up to ₹12,00,000) and 20% for BPL applicants (up to ₹18,00,000). The annual interest subsidy is 5% of the capital cost for up to 7 years, or 6% for women entrepreneurs, capped at ₹5,00,000 a year. The guarantee fee is paid at the prevailing rate for a maximum of 7 years.
Eligibility
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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
- ₹1Cr – ₹20Cr
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
- Loans: Financial assistance in the form of loans ranging from ₹10,00,000 to ₹2,00,00,000 for citizens looking to establish their own industries.
- Margin Money Assistance: Support of 15% of the capital cost for general category applicants (up to ₹12,00,000) and 20% for BPL applicants (up to ₹18,00,000).
- Interest Subsidy: An annual interest subsidy of 5% on the capital cost for up to 7 years, with a higher rate of 6% for women entrepreneurs. The maximum annual interest subsidy is ₹5,00,000.
- Guarantee Fee: Payment of the guarantee fee at the prevailing rate for a maximum duration of 7 years.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications are first screened for basic eligibility criteria, including residency, age, and educational qualifications. Following this, the submitted General Project Report (GPR) and all supporting documents will be reviewed by officials at the District Trade and Industry Center. This review assesses the viability and completeness of the proposed industrial project. Final approval and subsequent disbursement of funds will be based on this comprehensive evaluation, ensuring that viable projects are supported effectively. Applicants are informed of their application status within 15 days of submission.
Application Process
- 1
Visit Portal
Visit the official MSME portal of Madhya Pradesh to begin your online application.
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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
What is the Mukhya Mantri Yuva Udyami Yojana?
It is a scheme launched by the Government of Madhya Pradesh to provide comprehensive financial assistance, including loans, margin money, and interest subsidies, to residents who wish to establish their own industries.
Who is eligible to apply for this scheme?
Applicants must be permanent residents of Madhya Pradesh, have passed Class 10th, and be between 18 and 40 years of age. The scheme can only be availed once.
What kind of financial support is offered?
The scheme offers loans ranging from ₹10 lakh to ₹2 crore. It also provides margin money assistance (15% for general, 20% for BPL categories) and an annual interest subsidy of 5% (6% for women entrepreneurs) for up to 7 years, with a maximum subsidy of ₹5 lakh per year.
Can I apply for this scheme multiple times?
No, the benefit of this scheme can be availed only once by an applicant.
How can I apply for the Mukhya Mantri Yuva Udyami Yojana?
Applications can be submitted online through the official MSME portal of Madhya Pradesh or offline by completing an application form and submitting it to the District Trade and Industry Center with a General Project Report (GPR).
Is there a specific deadline to apply?
The program does not specify a fixed deadline in the provided information, suggesting applications may be accepted on an ongoing basis through its online and offline channels.
Sources
Data on this page is compiled from official program and provider references.
