Mukhyamantri Yuva Swarozgar Yojana MP: Eligibility, Benefits, and Application Process

Mukhyamantri Yuva Swarozgar Yojana is open to unemployed youth who are permanent residents of Madhya Pradesh. Applicants must be between 18 to 40 years of age at the time of application. The applicant should have passed at least Class 8 (for most business categories) or Class 12 (for higher-skilled trades). Family income from all sources should not exceed Rs 3 lakh per annum. Applicants who have already received a loan under any other state or central self-employment scheme are not eligible. Priority is given to women, SC/ST, and disabled candidates.

Loan from Rs. 10 lakh to Rs. 2 crore for industry/service projects. Margin money: 15% of project cost (max Rs. 12 lakh general), 20% (max Rs. 18 lakh BPL). Interest subsidy: 5% per annum (6% for women) for up to 7 years.

1. Visit the official Madhya Pradesh portal https://www.mp.gov.in
2. Locate the Yuva Swarozgar Yojana service
3. Register and submit business plan and eligibility details
4. Upload the required documents
5. Verification and sanction as notified

Aadhaar Card, educational certificates, business plan, bank account details, Madhya Pradesh residence proof, income / category proof.