Udyam Kranti Yojana

NATIONAL

  • A new enterprise scheme ‘Mukhyamantri Udhyam Kranti Yojana’ was launched by the Chief Minister of Madhya Pradesh with the objective to eradicate the unemployment ratio in the state.
  • The scheme was launched to boost Self-employment through MSME sector-related start-ups.
  • Under this scheme, the state government is providing loan assistance from Rs.1 lakh to Rs.50 lakhs for MSME start-ups.
  • For this loan assistance, the government will provide a 3% interest subsidy per year and the youths will get a bank loan guarantee fee for a maximum period of 7 years as financial assistance.
  • In the financial year 2022-23, the state government is targeting one lakh youths to be benefitted under this scheme.

 

Facts to know:

 

  • Chief Minister of Madhya Pradesh: Mr. Shivraj Singh Chouhan.
  • Governor of Madhya Pradesh: Mr. Mangubhai C. Patel.
  • Kadaknath meat of Madhya Pradesh received Geographical Indication (GI) Tag in 2018.
Mukhyamantri Udhyam Kranti Yojana
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