CM to open Mukhyamantri Udyam Kranti Yojana

Chief Minister Shivraj Singh Chouhan will inaugurate the ambitious Mukhyamantri Udyam Kranti Yojana on Tuesday April 5 to make the youth employed as per his vision. As per the intention of Chouhan, the scheme has been made self-employment friendly, in which loans ranging from one lakh to 50 lakh will be provided to the youths for self-employment.

Commissioner Industries and MSME Secretary P Narhari has informed that the state level programme will start at Kushabhau Thakre International Convention Centre (Minto Hall) Bhopal at 1 pm. A target has been set to benefit one lakh youths in this financial year under the scheme.

In this new self-employment scheme, 12th pass youths of the state in the age group of 18 to 40 will be given loan of Rs. 1 to 50 lakh for manufacturing activities and Rs. 1 lakh to 25 lakh for service and business activities through banks. The government will give 3 percent per year interest subsidy and bank loan guarantee fee for a maximum period of 7 years in the form of financial assistance to the beneficiaries of “Mukhyamantri Udyam Kranti Yojana”.

Chouhan will interact with the beneficiaries of Shivpuri, Jabalpur, Khandwa and Panna districts and will also benefit many entrepreneurs at the venue. The programme will be broadcast live on regional channels, Doordarshan Madhya Pradesh, social media. Programmes will also be held in all the districts of the state, in which ministers and MLAs will also participate. Total 300 youths from about a dozen districts will also participate in the programme.