The government of Madhya Pradesh has initiated various schemes to help the people of the state in living their lives and earn a livelihood. In this article, we are going to elaborate on one of such schemes. The name of the scheme is Mukhyamantri Udyam Kranti Yojana 2024. You might hear about it and desire to get detailed information. If yes then you should read the further section details carefully which include eligibility criteria, the application process, benefits, and direct application link.
What is Mukhyamantri Udyam Kranti Yojana
Mukhyamantri Udyam Kranti Yojana has been launched by Chief Minister Shri Shivraj Singh Chouhan, Government of Madhya Pradesh on 13th March 2021. The scheme has been announced at the inauguration ceremony of the Nagrodaya Mission. In this scheme, all the eligible people of the state will get loans from the listed banks at subsidized interest rates to set up their own enterprises. Applicants who wish to start their own businesses can accumulate detailed information about the scheme from this article.
Also Check: Pradhan Mantri Kaushal Vikas Yojana
Highlights Of Mukhyamantri Udyam Kranti Yojana
- Name of the scheme: Mukhyamantri Udyam Kranti Yojana
- Launched by: Government of Madhya Pradesh
- Department: Department Of Micro Small And Medium Enterprises
- Launched for: Citizen of Madhya Pradesh
- Benefits: loans to the youth to set up their own enterprise
- Mode of application: Online
- Official site: samast.mponline.gov.in
Objective Of Mukhyamantri Udyam Kranti Yojana
The motive of the Government of Madhya Pradesh behind starting the Mukhyamantri Udyam Kranti Yojana is to encourage the citizens of the state to self-employment. To do so, the government is going to provide loans to the citizens under this scheme without any guarantee. Moreover, applicants will also get an interest subsidy on loans. This scheme has been started to decrease the unemployment rate of the state and make the citizen self-reliant.
Mukhyamantri Udyam Kranti Yojana Statistics
| Total Applications | 21 |
| Registered Application | 981 |
| Total Department | 3 |
| Total Bank Branch | 2932 |
| Total Approved | 0 |
Mukhyamantri Udyam Kranti Yojana Implementation
Mukhyamantri Udyam Kranti Yojana has been implemented by the Department of Micro Small And Medium Enterprises, Government Of Madhya Pradesh. Implementation started on 29 November 2021. Beneficiaries will get a 3% interest subsidy on the loan provided for the opening of organizations in the enterprise and service sectors. The loan is provided for 7 years under this scheme. Applicants who meet the eligibility mentioned further will be benefited. A separate portal has been released by the government by which applicants can apply for this scheme.
Benefits/ Features Of CM Udyam Kranti Yojana
- The Yojana has been announced by the chief minister of Madhya Pradesh Shri Shivraj Singh Chauhan
- During the financial year 2021- 22 budget announcement the scheme was announced
- Under the scheme, the government is going to provide help to the youth who wish to start their own business by providing loans at a subsidized rate
- Applicant need not submit any guarantee or mortgage any property to get the loan
- Applicants will get an interest subsidy of 3 percent on the loan amount
- This scheme is only for the unemployed citizens of the state
- The moratorium period of the scheme is 7 years
- The amount of interest subsidy is given by the government annually
Eligibility Criteria
- The candidate must be a permanent resident of Madhya Pradesh
- The age of the applicant must be in between 18 to 40 years
- Applicant must have passed at least 12th standard examinations
- Applicant must belong to a family whose annual income is not more than 1200000
- Applicants have to submit income tax detail for the last 3 years if he or she is paying income tax
- Applicant must not be a defaulter in any bank or financial institution
- Applicant must desire to set up own entrepreneur venture
Bank List
- Axis Bank
- Bandhan Bank
- Bank Of Baroda
- Bank Of India
- Bank Of Maharashtra
- Canara Bank
- Central Bank Of India
- Dhanlaxmi Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- Indian Bank
- Indian Overseas Bank
- Karur Busy Bank
- Punjab And Sind Bank
- Punjab National Bank
- South Indian Bank
- State Bank Of India
- UCO Bank
- Union Bank
- Yes Bank
Documents Required
- Aadhar Card
- Address Proof
- Copy Of Bank Passbook
- Identity Card
- Mobile Number
- Passport Size Photograph
- Ration Card
Also Check: Mukhyamantri Kanya Vivah Yojana
Udyam Kranti Application Procedure 2024
- To apply for the scheme, you have to visit the Udyam Kranti website
- From the homepage of the portal, you have to look for the apply option
- Click on the apply option and a new page will open on the screen
- Choose to create a new file option from there and the firm will open
- Now you need to enter the applicant’s full name, date of birth, gender, name of the father/ husband, category, mobile number, email id, and captcha verification code shown on the screen
- Now you have to click on create profile option and you will get a verification code
- Very fine your mobile number and email id and then you have to fill the application form appear on the
- Fill the rest asked information in the given space and upload the necessary documents as listed above
- Recheck the application form and press submit button at last
- Must take a printout of the field application for further reference
Mukhyamantri Udyam Kranti Yojana Login Process
- To log in with the portal, you have to visit the official website of the SAMAST
- From the home page you have to select a login option
- This will open the login page on the computer screen from where you have to select applicant login or g2g login
- Provide the details as per your selection and hit the continue button
- This will open the uses dashboard on the screen.
Bank login process
- To log in you have to visit the official website of SAMAST
- Now you have to click on the option called bankers login
- Now you need to enter the login details as asked on the screen
- Hit continue button and this will open the uses dashboard on the screen.
Mukhyamantri Udyam Kranti Yojana Application Status
- To check the application status, you have to visit the official website of the SAMAST
- On the homepage of the portal, you have to go to the view application status button
- This will open the login page on the screen where you have to enter the login credentials
- Press the continue button and the user dashboard will appear on the computer screen
- Now you need to search for the application status and enter the reference number in the given blank
- Submit the information and your status will appear on the screen
File Complaint
- To file complaint you have to go to the official website of the SAMAST
- From the homepage of the portal, you have to click on the file complaint option given under the technical complaint
- Now you need to click on create login option from the new page that appears on the screen
- Enter your mobile number and verification code
- Press generate OTP button and you will get an OTP on your mobile phone number
- Enter the OTP in the given space and hit the very fire button
- Complete the registration form and then press the file a complaint button
- Fill out the application that appears on the screen and submit it
View the Status of the Complaint
- To view your complaint status, you have to visit the official website
- From the home page of the portal, you have to click on the file complaint option given under technical complaint
- Now you need to click on the login option from the new page that appears on the screen under view complaint status
- Now you need to enter your username or mobile number and password along with the capture code
- Hit the login button and then go for the complaint status button
- As you click your complaint status will appear on the screen
Helpdesk
- Technical Helpdesk: 0755-6720200