What you get
- Interest Subsidy/Grant: A 3% interest subsidy/grant is provided for 7 years.- CGTMSE Fee Refund: A maximum refund of the Credit Guarantee Fund Trust for Micro and Small Enterprises fee of up to ₹1,25,000/- is provided.- Maximum Vehicle Cost Covered: The scheme supports the purchase of vehicles with an approximate cost of up to ₹25,00,000/-.- Payment for Transportation: Payment for the transportation of food grains and handling expenses is provided as per the fixed rate for the sector. | Disbursement | - Mode of Payment: The payment for transportation of food grains and handling expenses for the sector will be paid directly into the bank account of the beneficiary monthly by the Madhya Pradesh State Civil Supplies Corporation.- Penalty Provision: If the food grain is not transported on time to the designated fair price shop, 33% of the total monthly transport rent/fare on the concerned fair price shop may be deducted from the beneficiary's transport rent/fare. This penalty deduction will only occur after a hearing has been granted by the designated Supply Officer/Collector. | Conditions | - The beneficiary must ensure the purchase of a vehicle within the capacity range of 7.5 Metric Tons (+/- 10%). | - The beneficiary must utilize the vehicle for lifting and transporting allocated food grains from the Madhya Pradesh State Civil Supplies Corporation center to the fair price shops for 7 years. | - The beneficiary must obtain a bank loan, as the Central Bank of India is designated to provide the loan for vehicle purchase.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
If an individual is currently receiving government support under a different self-employment initiative, are they still permitted to apply for this particular program?
No, the applicant must not be currently benefiting or nominated under any other self-employment scheme.
What is the stipulated maximum limit on the total annual family income an applicant can have to qualify for financial benefits under the scheme?
The maximum annual family income of the applicant must not exceed ₹12,00,000/-.
What is the specific permitted tonnage or capacity range of the commercial transport vehicle that beneficiaries are authorized to purchase for operations?
The vehicle must be purchased within the capacity range of 7.5 Metric Tons plus or minus 10%.
What is the fundamental goal of this government initiative, which provides vehicles for lifting and transporting essential public goods?
The scheme aims to provide employment opportunities to unemployed youth and women under the Micro, Small and Medium Enterprises scheme. It involves transporting food grains from the Madhya Pradesh State Civil Supplies Corporation center to fair price shops for 7 years.
When submitting the declaration stating that one is not a government employee and has no criminal record, what monetary value is required for the stamp paper?
The affidavit, which includes the self-declaration of not being a Government servant or pensioner and having no criminal case, must be submitted on a stamp paper of ₹100/-.
Are individuals currently working as government servants or receiving a government pension eligible to participate in this employment initiative?
No, the applicant must submit a self-declaration stating they are neither a Government servant nor a pensioner.
What is the ceiling on the total maximum cost of the specific commercial transport vehicle that will be considered eligible for financing under this support program?
The maximum allowable cost of the commercial transport vehicle sanctioned for purchase under this scheme is ₹25,00,000/-.
What specific class or type of heavy-duty motor vehicle driving license must a successful applicant possess to operate the transport vehicle?
The applicant must possess a valid Heavy Motor Vehicle driving license.
What is the maximum age limit for individuals seeking to apply for entrepreneurial opportunities requiring the operation of a commercial vehicle?
The applicant must not exceed 45 years of age.
Where must an applicant legally reside, specifically relating to their rural or urban local area, to be considered eligible for this program?
The applicant must be a native resident of the concerned district's rural or urban local body.
What is the mandatory minimum age requirement that an individual must satisfy in order to successfully submit an application for this opportunity?
The applicant must be at least 18 years old. The calculation of the applicant's age for application consideration will be based on February 28, 2023.
If the application documents are found to be incomplete or deficient by the District Supply Officer or Collector, how much time is granted for corrections?
The applicant will be informed immediately and must ensure the completion of the required documents or deficiencies online within 7 working days from the date of receiving the intimation.
Are there any specific requirements regarding the applicant's existing loan status or financial default history with any recognized lending institution?
The applicant must have bank clearance, meaning they must not be classified as a loan defaulter.
Is there a mandatory minimum educational prerequisite that all applicants must satisfy before they can successfully submit their documents?
The applicant must have passed the 8th standard in educational qualification.