Mukhyamantri Yuva Udyami Yojana (Madhya Pradesh)

🏭 📍 Madhya Pradesh · MSME Department, Madhya Pradesh · Last checked: 15 November 2026

What is the scheme?

Mukhyamantri Yuva Udyami Yojana helps young people of Madhya Pradesh start their own industry or service business with a bank loan and government support. It provides margin money, interest subsidy and help with guarantee fee.

Key benefits

• Bank loan from ₹10 lakh to ₹2 crore (per one source)
• Margin money: 15% of project cost for general category (up to ₹12 lakh), 20% for BPL (up to ₹18 lakh)
• Interest subsidy: 5% a year (6% for women), for up to 7 years, capped at ₹5 lakh a year
• Guarantee fee paid by the government for 7 years

Eligibility – who can apply

• Age 18 to 40 years
• At least Class 10 pass
• Permanent resident of Madhya Pradesh
• The benefit can be taken only once

Who is not eligible / things to note

• Those already getting help under another self-employment scheme
• Families that pay income tax
• Bank defaulters

Documents required

• Aadhaar card
• Class 10 marksheet
• Residence proof
• Project report (GPR)
• Bank account details and photo

How to apply (step by step)

1. Open the scheme's application link on the official portal and register (name, mobile, password, captcha)
2. Log in and submit the application and project report
3. Or take the form from mpmsme.gov.in and submit it with documents at the District Trade & Industry Centre
4. You are told within about 15 days if the application is complete or incomplete

Official sites are sometimes slow or down. If it doesn't open, try again later, or search the scheme name here: myScheme.gov.in ↗

Frequently asked questions