Mukhyamantri Yuva Swarozgar Yojana is a scheme of Madhya Pradesh government which provides financial assistance to the young youth at very low interest rate. If you want to grab this opportunity you can apply for the form by following procedure which is mentioned below.
- 1 Mukhyamantri Yuva Swarozgar Yojana Form 2017
- 2 Benefits of the Mukhyamantri Yuva Swarozgar Yojana
- 3 Eligibility criteria Mukhyamantri Yuva Swarozgar Yojana
- 4 Samajwadi Free Smartphone Yojana
- 5 Interest rate given under Mukhyamantri Yuva Swarozgar Yojana:
- 6 Highlights of the Mukhyamantri Yuva Swarozgar Yojana:
Mukhyamantri Yuva Swarozgar Yojana Form 2017
State Governments of India are doing many efforts to generate employment, provide financial assistance, increase standard of living etc. Many steps are taken by different state governments for their states. The one more step is taken by Madhya Pradesh government for this concern mainly for the young youth of the state. Madhya Pradesh government released a new scheme on 1st august 2014 named as Mukhyamantri Yuva Swarozgar Yojana. Under this MP government will provide financial assistance to those people who want to do their own business. This financial assistance will provide them in the way of loan and that loan is given to the young youth at very low interest rate.
This scheme is beneficial for the young youth as well as for government and for the whole state also. If you lives in Madhya Pradesh and you have residencies proof of MP state then you get this loan. Before apply for the loan you should check some eligibility criteria which is mentioned below. For more information regarding scheme applying process, interest rates etc. you check it from below of the data which is provided by the team of projobshub.com.
Benefits of the Mukhyamantri Yuva Swarozgar Yojana
This is beneficial for the whole Madhya Pradesh state. By providing financial assistance or training etc. young youth can do their own business. By this they can earn their livelihood without any worry. By this scheme standard of living is also increase and it promoting entrepreneurship in the MP. It also generates employment in the state.
Eligibility criteria Mukhyamantri Yuva Swarozgar Yojana
To get advantage of this scheme applicant must fulfill some eligibility criteria which is given as follows:
Residential proof: Appliers must have residential proof of Madhya Pradesh. Without this proof they not avail this benefit.
Age limitation: Aspirants age must not be less than 18 years and must not be more than45 years.
Educational criteria: contender must passed 5th standard from any recognized board.
- Aspirant should not avail benefit of any other government scheme.
- They must not do any crime or they not be declared defaulter in any bank either private or government.
- This loan is provided to only for those people who do their own business such as industry, business, Service Company etc.
Under this scheme MP government will provide financial assistance to those people who fulfill above eligibility criteria. And finance will be given for their own business. The minimum amount will given is rupees 20 thousand and the maximum amount is given up to 10 lakhs based on the project. The MP government will also given margin money on project cost upto50 thousand 20% or 10 thousand in one shot whichever is less.
Interest rate given under Mukhyamantri Yuva Swarozgar Yojana:
Interest rate is very low under this scheme. Aspirants must pay 5% annual interest till 7 years. A guarantee fee will be paid for 7 years at the current rate.
Highlights of the Mukhyamantri Yuva Swarozgar Yojana:
This scheme is launched on 1st august 2014. This scheme is provide financial assistance to the young youth. This is only for the Madhya Pradesh residencies. Its project cost is between 20,000 to 10 lakh rupees. Under this scheme 5% annual interest will be taken till seven years. Government will also provide 20% margin money. By this scheme young youth is able to do their own business and earn their livelihood. This scheme is very helpful for the MP state.
Process to apply for Mukhyamantri Yuva Swarozgar Yojana scheme:
For apply for the scheme you should take free application form from your district office and then fill that form and attach general project report with it after that submit it to the district office. Selection committee will select eligible contenders. Ineligible contender’s forms will be rejected. Selected applicants loan will be sanctioned between 15 days. Hence this is the procedure to apply for the Mukhyamantri Yuva Swarozgar Yojana sceme.