Madhya Pradesh government has started ‘Mukhyamantri Udyami Kranti Yojana’ to make youth self-reliant. Under this, financial assistance will be given to the youth of the state for self-employment. For this, loans will be made available to the youth from government banks. On this loan, the government will give a subsidy of 3% annual interest as financial assistance. Apart from this, the bank will also pay a loan guarantee fee for up to 7 years. With the help of this scheme, the beneficiary will be able to get a loan up to a maximum of Rs 50 lakh.
Under the Udyam Kranti Yojana, the government is preparing to give jobs to the youth in the next year. According to this, there is a plan to give government jobs to 35,000 youth. At the same time, through this scheme, a maximum loan of Rs 50 lakh will be given to the youth for manufacturing activities. Apart from this, loans up to Rs 25 lakh will be provided to the youth for service and business activities. So you too can establish your self-employment with the help of this scheme.
Source: Asianet News
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