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Banking,Financial Services and Insurance; Business & Entrepreneurship

Mukhya Mantri Yuva Udyami Yojana

The scheme "Mukhya Mantri Yuva Udyami Yojana" was launched on 1st August 2014 by the Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh. The scheme provides loans to the citizens of Madhya Pradesh who want to set up their industries.

Authority

State/ UT

Region

Madhya Pradesh

Status

Verified 2026

Updated

March 2026

What you get

Financial assistance: | Margin money assistance | - 15% of the capital cost of the project for the general category. (Maximum ₹ 12,00,000.) | - 20% of the capital cost of the project for BPL (Maximum ₹ 18,00,000) | Interest subsidy | - At the rate of 5% per annum on the capital cost of the project and at the rate of 6% per annum for women entrepreneurs, for a maximum of 7 years. (Maximum Rs 5,00,000 lakh per year) | - The guarantee fee will be paid at the current rate for up to 7 years.

Who can apply

The applicant should be a permanent resident of Madhya Pradesh.; The applicant should have passed Class 10th.; The applicant’s age should be between 18 to 40 years.; The benefit of this scheme can be availed only once.

Required Paperwork

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

Common Questions

Can non-residents of Madhya Pradesh apply for this scheme?

No, only permanent residents of Madhya Pradesh are eligible to apply for the Chief Minister Youth Entrepreneur Scheme.

What is the Mukhya Mantri Yuva Udyami Yojana?

The scheme aims to provide benefits and financial assistance. the government of Madhya Pradesh gives loans up to loans up to [?]10,00,000 to [?]2,00,00,000 will be provided by the bank to all those citizens of the state who want to set up their industries.

Who is eligible for the scheme?

The scheme is open to all Indian citizens above the age of 18 to 40 who are permanent residents of Madhya Pradesh.

How much financial assistance is available under the scheme?

A maximum of [?]10 lakhs will be provided as financial assistance to each successful applicant under the scheme.

What is the minimum educational qualification required for the scheme?

Yes, the Madhya Pradesh government provides financial support to startups and small businesses through various schemes, including the Chief Minister Youth Entrepreneur Scheme.

What documents are required to register for the Scheme?

Detailed Project Report | Madhya Pradesh Native Certificate | Certificate of Educational Qualification | date of birth certificate | the land/building is on rent then the rent name | Quotations of current rates for machinery/equipment/ equipment

Under which department does this scheme come?

Department of Micro, Small & Medium Enterprises

How to apply offline?

Complete the application form available on the mpmsme.gov.in online portal or https://mpmsme.gov.in:8080/mpmsmecms/Uploaded%20Document/Documents/MYUY_Application.pdf

How to apply online?

Visit the official website using the provided linkhttps://msme.mponline.gov.in/Portal/Services/msme2019/landing.html

Is this Scheme for student scholarship?

No, Under this scheme, loans will be provided by the bank to all those citizens of the state who want to set up their industries.