Learn how to apply for MP Chief Minister Self-Employment Scheme

Under the Madhya Pradesh Chief Minister's Self-Employment Scheme, beneficiaries can receive financial assistance ranging from Rs. 50,000 to Rs. 10,00,000 for project costs. Launched in 2014, this scheme provides financial support from the state government to residents of all classes for establishing enterprises. The Department of Micro, Small, and Medium Enterprises is the nodal department for this scheme. Beneficiaries will receive an interest subsidy of up to Rs. 25,000 per year.

Objectives of the Chief Minister's Self-Employment Scheme:

The primary objective of the Madhya Pradesh Chief Minister's Self-Employment Scheme is to provide self-employment opportunities to as many residents of the state as possible. The scheme aims to encourage residents to establish their own businesses, offering state government assistance to those who wish to start their enterprises.

Benefits of the Chief Minister's Self-Employment Scheme:

The scheme provides financial assistance to residents of all classes for establishing enterprises. Beneficiaries can receive assistance ranging from Rs. 50,000 to Rs. 10,00,000 for project costs. General category beneficiaries will receive 15% of the project cost, up to a maximum of Rs. 1,00,000. Income taxpayers are not eligible for this scheme.

Read More... Paramparagat Krishi Vikas Yojana, Apply Online Now

Interest Subsidy Under the Scheme:

1. BPL category, Scheduled Castes, Scheduled Tribes, Other Backward Classes, women, minorities, and differently-abled citizens will receive 30% of the project cost, up to a maximum of Rs. 2,00,000.
2. De-notified, nomadic, and semi-nomadic tribes will receive 30% of the project cost, up to a maximum of Rs. 3,00,000.
3. Women entrepreneurs will receive an interest subsidy of 6%.
4. Other categories of beneficiaries will receive an interest subsidy of 5%.
5. The interest subsidy will be provided for up to 7 years.

Eligibility Criteria:

1. Applicants must be permanent residents of Madhya Pradesh.
2. Applicants must be between 18 and 45 years of age.
3. Applicants must have passed at least the 5th grade, with no income limit restrictions.
4. Applicants will receive a bank loan guarantee for up to 7 years.
5. Applicants can apply for the scheme offline.

Required Documents:

1. Residence Certificate
2. Aadhaar Card
3. BPL Card
4. Caste Certificate
5. 5th Grade Certificate
6. Bank Account Information
7. Passport Size Photo
8. Mobile Number

Offline Application Process:

1. Beneficiaries can apply offline for the Madhya Pradesh Chief Minister's Self-Employment Scheme.
2. Application forms are available at the district offices of the Department of Micro, Small, and Medium Enterprises.
3. Carefully read and fill out the application form.
4. Attach all required documents and submit the form to the district office of the Department of Micro, Small, and Medium Enterprises.
5. Department officials will verify the application form and documents before approval.
6. Once verified, beneficiaries will start receiving the benefits of the scheme.
7. Applicants can track their application status on the official site: Track Application Status (https://msme.mponline.gov.in/Portal/Services/DCI/TrackApp.aspx).