Mukhyamantri Yuva Udyami Yojana (MMYUY) in Madhya Pradesh

Mukhyamantri Yuva Udyami Yojana
April 4, 2016 | Last Modified: April 4, 2016 at 6:25 am | Category: Madhya Pradesh

Mukhyamantri Yuva Udyami Yojana, launched on 01 August 2014 in Madhya Pradesh, the scheme is aimed to provide financial support to all categories of people for setting up manufacturing or service industry. Under the scheme, MP government will provide margin money help, interest grant, loan guarantee and training for setting up the industry.

Objective of Mukhyamantri Yuva Udyami Yojana

The main objective of the scheme is to provide financial support to the entrepreneurs and help creating more industries and jobs in the state. Under the scheme, a loan from Rs. 10 Lakh to Rs. 1 Crore can be taken to set up any industry.

Eligibility for Mukhyamantri Yuva Udyami Yojana

  • Only the permanent residents of MP are eligible to avail the scheme benefits.
  • The applicant should have passed at least 10th Standard.
  • Age of the applicant should be between 18 to 40 years.
  • The applicant should not have been declared defaulter by any of the nationalized or private sector banks.
  • The applicant should not already be getting assistance under any state run schemes.
  • The scheme is available only to set up manufacturing or service industry.

Financial Assistance Under the Scheme

  • The project cost under the scheme should be between Rs. 10 Lakh to 1 Crore.
  • The government will grant interest at a rate of 5% of the cost of project per year till 7 years.
  • The guarantee fee will be paid at the current rate for up to 7 years.
  • State Government will provide 15% of the project cost as Margin Money or Maximum Rs. 12 Lakh.

How to apply for Mukhyamantri Yuva Udyami Yojana

  1. The application forms are available the related district office for free.
  2. The application forms will then be reviewed and sorted. Applicants with incomplete forms will be called to complete the missing details in the forms.
  3. The applicants are required to submit the general project report of proposed project along with the application form.
  4. Application forms will then be presented to the selection committee of respective department elected under the scheme.
  5. Non-Eligible applications will be rejected.
  6. Loans for the accepted applications will be disbursed within 15 days after the acceptance of the application.

The successful beneficiaries of the scheme will then be given training by the state government to help setup and grow their business. However, this training will not be mandatory for the beneficiaries.

The detailed guidelines of Mukhyamantri Yuva Udyami Yojana are available at http://www.mpindustry.gov.in/MYUY_Scheme.pdf

32 comments on “Mukhyamantri Yuva Udyami Yojana (MMYUY) in Madhya Pradesh

  1. shubham maheshwari says:

    I’m giving a loan for Namkeen plant but problem which document are give to bank. So u can help me

  2. Rahul says:

    Bank make me travel..last year I flowed all tha thing properly …my case pass by D.I.C OFFICE MANDIDEEP BHOPAL (462046) bt bank first sayd me we provide u load ..u do this all paper work than the ur on to get load ….but they talk like shitt dude before I spend all my time & money …….bt I’m now try again b’coz …..ummid par duniya kayam he bhai log

  3. rustam says:

    Mene texi car ke liy application online kr diya tha bt ab bol rhe h ki vh yojna hi bnd ho gyi h…….help me plz ….8120745691

  4. ravindra singh says:

    dude dairy. please help me

  5. shubham bunkar says:

    mujhe milk production karna h but. finance problem. creat ho rhi h
    plz help me

  6. surjeet singh mandloi says:

    Mujhe hardware shop open karna H please help me 9575841818

  7. surjeet singh mandloi says:

    Mujhe hardware shop open karna h loan chahiye help me

  8. yogesh yadav says:

    Mujhe RO UV chiled water plant lagana
    He. Kya mujhe lon mil Santa he. Pls Ripley 9826237237

  9. banti sisodiya says:

    mujhe mere jaise barojgaro yuvao ko rojgar se lagana hai kya mujjhe loan mil sakta hai
    mo. 88890029000

  10. vicky says:

    MMYUY…. is yojna ke antargat loan kitne intrest rate pe milta hai …
    ye 5% flat rahega ya phir kuch aur bhi add hota hai

  11. KRISHNA KUMAR THAKUR says:

    Dear all applicant Yuva brother’s govt. make the scheme for development and self employment but bankers Dennie or refuse for loan and banke’s give loan only rich person they are not given loan UNDER Credit guarantee yojna, we want to come together and will demand our Adhikar, we are going to make union for overcoming such problem – M.P. YUVA UDAMI SANGHARSH SAMITI- OUR MOTO IS TO HEPL TO YUVA FOR SELF -EMPLOYMENT AND MAKE KHUSHAL and Sampan BHARAT.

    we request kindly contact my whatsup no- 9644905192. Massage me AS TITLE- M.P. YUVA UDAMI SANGHARSH SAMITI.
    Name, mob no. adress. Also share this information in Social meida, print media, and individual you know.

    Hamara Sapna KHUSAL AND SAMPAN BHARAT.

  12. jeevan says:

    sir mujhe mera khod ka rojgar karna he is liye meri madad karo

  13. ayaz ali says:

    Kya Muslim hona es baat ki gyaranti h sir aap chahe jitne chakkar lagalo chahe jitne jatan karlo hm to aapko jgulate rahenge mera case bank pohch chuka h or sath me mere milne wale 6 dosto ka bhi sub business karna chahte h lekin aap samajh sakte h me kya kehna chah rha hu

  14. Shahrukh says:

    Sar I am passout of Iti plz. Give me Sar loan 8518083896

  15. navin pawar says:

    muje meri distic me bachlor degree ka new collage open karna h pls help me…

  16. sarfaraz ullah khan says:

    Need to open super market make it easier so that it can be beneficial for us

  17. shahnawaj khan says:

    sir mujhe auto parts ka kam krna h …loan k liye kya krna hoga..thanks

  18. satyam panday says:

    mai ek coaching centre kholna chahta hun rewa me kya mai is loan ke liye eligible hun

  19. Dharmendra chakrawarti says:

    Sir Mujhe dudh deri kholna hai kiya ish par lon mil sakta hai i’am jabalpur patan (m.p)
    P. CONTEKT 918120448637

  20. राहुल जैन says:

    सर मुझे स्टोन क्रेशर का प्लांट लगाना हैं मुझे लोन की आवश्यकता हैं मुझे मुख्यमंत्री युवा उधमी योजना के तहत लोन लेना है आप सहयोग कीजिये मेरा

  21. Avinash patidar says:

    sir muje R.O. plant ISI plant lagana hai sir mujhe 40 lakh ka loan lena hai pahle bank vale kahte hai ki mil jaye ga jab kagaj tayar hai to bank wale mana kar diya please help me 9630908824

  22. harishgocher says:

    I like mukhyamantri yuva udyajna

  23. Mangal Verma says:

    सर्
    मैरा अभी झाडू बनानै का एवं स्पलाय का व्यापार है मै इसै बडा कर इंडस्ट्री कै रूप मै करना चाहता हूं कृपया करके जानकारी दैनै का कष्ठ करै कहा और कैसै अपलाय करू लौन एवं अन्य जानकारी का लिए
    धन्यवाद

  24. Arun kumar says:

    Mantri shirf kagjo mai bhasan mai loan dene ke bat karte hai yadi hum bank ke pas apna project ke liye loan manate hai to wo kehte hai ki neta pagal hai hum kyo de aapko loan sara system hi fail hai yaha verojgar ka kuch ni ho sakta is system ne higher educated logo ko bhikari bana diya hai

  25. govind mer says:

    sir mujhe Agarwatti business kholna hai kripya loan dene ki kripa late .. name Govind Mer more.8109308883

  26. sadik Khan says:

    Sir I start paneer making plant and dairy farming
    So please sir I help you sir

  27. neeraj rajpoot says:

    Sir
    mujhe pesa kmane ke liy mujje jcb lena ha 20 lakh ka lon chahiye
    sir ok

  28. neeraj rajpoot says:

    sir
    Mujhe bussiness karne ke
    Mujhe 20.lakh tak ka lon chahiye
    Jcb leana ha ati kirpa hogi sir
    ,con.9129129419
    ,9695724124

  29. rajeev garg says:

    sir main auto lana chata hu kya mil sakta ha y kawal froad ha kyoki ma jila udayg gaya tha koi satisffactin jankari nahi mili

  30. pallavi verma says:

    Sir Kya is mukhaya mantri yuva udhayami youjana ke dawara hum commercial vehicles perches kar sakte hai

    • Dude says:

      इसके बारे में आप जिला कार्यालय में जाकर पता करें, आवेदन पत्र भी आपको वहीँ पर मिलेगा

  31. kuldeep jain says:

    hello
    mera name kuldeep jain hai or me bhopal(mp) se hoo,
    me Potato/banana Chips banane ka plants lagana chayta ho to kya mujhe 5 to 6 lac,loan mil sakta ha or kise mil sakta hai .plz iske bare me batay.
    thanks

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