MP Mukhyamantri Udyam Kranti Yojana

In recent years, Unemployment rates are rapidly increasing in our country. So the government usually comes up with various schemes related to employment opportunities. One such scheme introduced by the Madhya Pradesh government is the MP Mukhyamantri Udyam Kranti Yojana. Under this scheme, the government will provide loans to the people so that they can start their own. The best thing about this scheme is that the beneficiary does not have to provide any guarantee to get a loan. 

So if you also want to set up your own enterprise then continue reading the article to know the purpose and benefits of this scheme in detail.

Purpose of Udyam Kranti Scheme 

The main purpose of MP Mukhyamantri Udyam Kranti Yojana is to encourage people to start their own businesses. Through this scheme, citizens can be self-employed by applying for a loan without any guarantee. The government will provide an interest subsidy on these loans. This scheme aims to reduce the unemployment rate in the state and the citizens will become self-reliant and empowered. Moreover, any citizen of the state can apply for this Udyam Kranti Yojana to avail the benefits of the scheme.

RELATED – MP Mukhyamantri Krishak Udyami Yojana (MMKUY)

Benefits of Udyam Kranti Scheme 

• The main benefit of MP Mukhyamantri Udyam Kranti Yojana is that the people of MP state can get loans to set up their own enterprises.
• The beneficiary is not required to give any kind of guarantee as the government will provide loans without guarantee.
• Under this scheme, the government will also provide interest subsidies to the beneficiary.
• Another benefit of this scheme is that the unemployment rate of the state will decline.
• This scheme will encourage citizens of the state to establish their self-employment.
• Through this scheme, the citizens will become self-reliant and financially independent.
• The loan amount will be transferred directly to the beneficiary account through direct benefit transfer so that the beneficiary can use the amount to start the business.

ELIGIBILITY

• The applicant should be a permanent resident of Madhya Pradesh.
• To avail the benefits of this scheme, the minimum age has been fixed at 18 years and maximum age at 40 years.
• The applicant must have passed minimum 12th class.
• To avail the benefit of this scheme, the annual income of the applicant’s family should be ₹ 1200000 or less.
• If the applicant is a tax payer, then the income tax details of the last 3 years should be submitted by the applicant along with the application.
• Only entrepreneurs setting up new ventures will be provided the benefit of this scheme.
• Only those citizens can avail the benefits of this scheme who are not defaulters in any bank or any financial institution.
• The applicant should not be availing the benefits of any other self-employment scheme of the Central or State Government.

Documents Required

• Aadhar card
• copy of bank passbook
• Address proof
• Ration card
• identity card
• mobile number
• passport size photograph

RELATED – MP MUKHYAMANTRI RATION AAPKE GRAM YOJANA

How to Apply

• First of all you have to go to the official website of Udyam Kranti Yojana.
• Now the home page will open in front of you.
• On the home page you have to click on the option of Apply.
• After this, a new page will open in front of you on which you will have to click on the option of Create New Profile.
• Now a new page will open in front of you.
• On this page you will have to enter your full name, date of birth, gender, relationship, relative’s name, category, mobile number, email ID and Captcha Code.
• Now you have to click on the option of Create Profile.
• After this you will have to login by entering your registered mobile number and date of birth.
• Now you have to click on the option of Madhya Pradesh Chief Minister Udyam Kranti Yojana.
• After this the application form will open on your screen.
• You have to enter all the important information asked in this form.
• Now you have to upload all the important documents.
• After this you will have to click on the option of Submit.
• In this way you will be able to apply under Madhya Pradesh Chief Minister Udyam Kranti Yojana.

Conclusion 

Overall, MP Mukhyamantri Udyam Kranti Yojana was started by the chief minister of Madhya Pradesh to empower the citizens of the state. Under this scheme, the citizens can apply for a loan to start their own business. Through this scheme, the unemployed citizens of the state will have an opportunity to start their self-employment and thus it will decrease the unemployment rate of the state. So if you are also a resident of MP and looking for an employment opportunity then you can apply for this scheme to generate self-employment.

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