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Banking,Financial Services and Insurance; Agriculture,Rural & Environment

Mukhya mantri Krishak Udyami Yojana

The objective of this scheme is to provide financial assistance to the sons and daughters of farmers to establish their businesses. the government of Madhya Pradesh provided loans to the bank for all citizens of the state.

Authority

State/ UT

Region

Madhya Pradesh

Status

Verified 2026

Updated

March 2026

What you get

For projects worth Rs 10 lakh or more:- | - For general class 15% (maximum ₹12,00,000) | - For BPL category 20% (maximum ₹18, 00, 000) | - For women entrepreneurs, a 6% and male 5% interest subsidy | - the guarantee fee will be payable at the prevailing rate for a maximum of 7 years. | For projects less than Rs 10 lakh:- | - 15% of the project cost (maximum ₹1,00,000 ) for the general category. | - BPL/ scheduled caste / scheduled 30% of the project cost (maximum ₹2,00,000) for Tribes / Other Backward Classes (except creamy layer) / Women / Minorities / Disabled. | Additional provisions- | - 30% of the project cost (maximum ₹3,00,000) to the liberated nomadic and semi-nomadic tribes. | - Bhopal Gas victim family members are eligible for an additional 20% (maximum ₹1,00,000) on the project cost. | - At the rate of 5% per annum of the capital cost for projects of ₹10,00,000 or more and at the rate of 6 % per annum for women entrepreneurs, for a maximum of 7 years. (Maximum ₹5,00,000 per annum) | - For projects less than ₹10,00,000 5% of the project cost per annum rate and 6% for women entrepreneurs At the rate of per annum, for a maximum of 7 years. (Maximum ₹ 25,000 per annum)

Who can apply

The applicant must be a permanent resident of Madhya Pradesh.; The age of the applicant should be between 18 to 45 years.; Educational qualification should be a minimum of 10th class.; The parents of the beneficiary should not have their agricultural land.; The applicant should not be an income taxpayer.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

How does Mukhya Mantri Krishak Udyami Yojana help farmers financially?

MMKUY provides financial assistance to farmers in the form of subsidies, loans, grants, or other incentives to help them establish their agro-based enterprises.

What is Mukhya Mantri Krishak Udyami Yojana (MMKUY)?

Mukhya Mantri Krishak Udyami Yojana is a government scheme aimed at promoting entrepreneurship and providing financial assistance to farmers for setting up agro-based enterprises.

Who can apply for Mukhya Mantri Krishak Udyami Yojana?

Farmers who wish to start agro-based enterprises are eligible to apply for MMKUY.

What is the minimum educational qualification required for the scheme?

Applicant must have passed minimum 10th class.

What will be the age criteria?

The age of the applicant should be between 18 to 40 years as of the date of application.

How does Mukhya Mantri Krishak Udyami Yojana contribute to rural development?

MMKUY contributes to rural development by empowering farmers to become self-reliant entrepreneurs, thereby creating employment opportunities and boosting the rural economy.

Which is the official website of the ukhya Mantri Krishak Udhyami Yojana ?

This is the official website for the Mukhya Mantri Krishak Udhyami Yojanain Madhya Pradesh, https://msme.mponline.gov.in/

How many times the applicant can avail of the benefits of the scheme?

The applicant will be eligible for assistance under this scheme only once.

Can i apply online?

Yes, Visit the official website using the provided link https://msme.mponline.gov.in/Portal/Services/msme2019/landing.html