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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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3 comments

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

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

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