Madhya Pradesh Mukhyamantri Aarthik Kalyan Yojana : mpindustry.gov.in

Organisation : Madhya Pradesh Department of Industrial Policy and Investment Promotion
Scheme Name : Mukhyamantri Aarthik Kalyan Yojana
Applicable For : Member of the Scheduled Caste Category
Applicable States/ UTs : Madhya Pradesh
Website : https://www.mpindustry.gov.in/

What is Madhya Pradesh Mukhyamantri Aarthik Kalyan Yojana?

The scheme “Mukhyamantri Aarthik Kalyan Yojana” was launched by the Department of Industrial Policy and Investment Promotion, Government of Madhya Pradesh. The objective of the scheme is to provide low-cost equipment and/or working capital to the Below Poverty Line (BPL) category beneficiaries of Scheduled Castes. The benefit of the scheme will be given for the establishment of new industries/businesses etc.

Related / Similar Scheme : MPBOCWWB Medical Aid Scheme Madhya Pradesh

Benefits of Madhya Pradesh Mukhyamantri Aarthik Kalyan Yojana

** The maximum cost of the project under this scheme will be ₹50000/-.
** Under this scheme, the margin money assistance at 50% of the project cost (maximum ₹15,000/-) will be payable by the government to the beneficiary.
** The minimum period of the initial moratorium will be 6 months and after the initial moratorium, the loan repayment will be in 5 years.

Eligibility of Madhya Pradesh Mukhyamantri Aarthik Kalyan Yojana

** The applicant should be a native of Madhya Pradesh.
** The applicant should be a member of the Scheduled Caste category.
** The age of the applicant should be between 18 to 55 years as of the date of application.
** The applicant should not be a defaulter/insolvent defaulter of any nationalized bank/financial institution/cooperative bank.
** If a person is receiving assistance under any government entrepreneur/self-employment scheme, he will not be eligible under this scheme.
** The applicant will be eligible for assistance under this scheme only once.

How To Apply For Madhya Pradesh Mukhyamantri Aarthik Kalyan Yojana?

To apply for Madhya Pradesh Mukhyamantri Aarthik Kalyan Yojana, Follow the below steps

Sign-Up Process:
Step-1: To apply under the Scheme, the applicant should visit the Official Website.
Step-2: On the home page, the applicant will have the option to Apply for the Mukhyamantri Aarthik Kalyan Yojana, click on it.
Step-3: After clicking on apply, a list of departments related to the scheme appears.
Step-4: Select the concerned department’s scheme and click on it.
Step-5: A new page will open and click on the “sign up” option. Further, fill in all the mandatory details and click on the option of “Sign up now”.

Login Process:
Step-1: The applicant needs to visit the Official Website. On the home page, the applicant has to click on the “Mukhyamantri Aarthik Kalyan Yojana”.
Step-2: Now, the applicant may select the department scheme under which he/she wants to apply.
Step-3: After this, a new login page will open and the applicant may login by using their credentials. Further, click on the submit option.
Step-4: Now, fill out the application form completely and submit the form after full verification.

Documents Required For Mukhyamantri Aarthik Kalyan Yojana

** Voter ID / Driving License / Aadhaar Certificate (anyone)
** Ration Card
** Permanent Residence Certificate
** Date of birth certificate
** Disability certificate issued by the competent authority (if applicable)
** SC certificate issued by the competent authority
** Bank account details