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Scheme for Young Entrepreneurs in MP



Objective:

To provide financial assistance to entrepreneurs for establishment of their own new enterprises, Department of Commerce, Industry and Tourism under the Madhya Pradesh Government has launched Chief Minister Young Entrepreneur Scheme. There will also be a provision for training of entrepreneurs.

Eligibility:

  1. Age:                                                    18 – 40 years
  2. Educational Qualifications:             Minimum metric pass
  3. Income Limit:                                   No Restrictions

Financial Assistance:

  1. Margin money assistance:        15% of capital cost of project but Rs. 12 lacs maximum
  2. Interest subsidy:                         5% annually on capital amount, maximum for 7 years
  3. Guarantee Fee (CGT):                 At the prevailing rates till 7 years

For more information: Click here


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6 comments

  1. Sir I start new business plz suggest about loan process

  2. I need loan for my startup can i know the process???

  3. Im willing to start my own surgical and medicals retail shop.How this scheme will help me and how to apply for the loan.plz let me know.

  4. hello there i am doing research on various schemes run by MP govt for entrepreneurship… where can i get the all the list of schemes and details.

  5. Hi,
    i want start my own business. can you plz suggest witch sceem /how can i apply for loan..?? can please suggest.

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