Uttarakhand, known for its natural beauty and rich biodiversity, is addressing climate change by reducing dependence on fossil fuels and promoting cleaner energy. The Mukhayamantri Saur Swarojgar Yojna is a collateral-free loan scheme designed for small entrepreneurs in the state. It provides a minimum loan facility of up to Rs. 50,000 for various activities—including industry, services, business, agriculture, horticulture, animal husbandry, poultry, fisheries, and meat processing/sale—without requiring collateral.
The scheme aims to support the operation or re-operation of enterprises, especially for rural and urban small businessmen and migrants affected by COVID-19. Information dissemination and motivational camps at the district level are organized through the District Industry Center. District Lead Bank Officers and Block Development Officers play key roles in guiding and assisting the beneficiaries.
Benefits
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Loan Details:
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Collateral-free loan up to Rs. 50,000.
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Disbursement is linked with a subsidy mechanism: 70% of the loan at an 8% ROI with a 25% subsidy.
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After the first instalment of the sanctioned loan, a grant is released in one lump sum to the financing bank, which adjusts the beneficiary’s account after two years of successful operation.
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Additional Advantages:
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No educational barriers for applicants.
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Employment generation through the establishment of micro-enterprises and small industries.
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Encourages optimal use of the Mudra Loan Scheme (Shishu).
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Direct benefit transfer of the grant via the portal msy.uk.gov.in.
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Eligibility
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Age Requirement:
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Minimum age of 18 years and maximum of 65 years.
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Residency:
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Applicant must be a permanent/native resident of Uttarakhand.
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Credit History:
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The applicant should not be a defaulter with any nationalized bank, financial institution, cooperative, or similar entity.
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Knowledge Requirement:
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The borrower must have the necessary expertise regarding the proposed business or activity.
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Bank Account:
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Must hold an account with the financing bank of the concerned area.
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Permissions:
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Any required permissions or clearances must be obtained from the relevant authorities.
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Special Categories:
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Ex-servicemen/women, disabled individuals, and candidates from Scheduled Castes/Scheduled Tribes must attach a self-attested certificate issued by the competent authority to avail benefits.
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Application Process
Online Submission:
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Visit the official website.
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Select “Mukhayamantri Saur Swarojgar” and click on “Click here to apply.”
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Authenticate using Mobile OTP.
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Provide the required information and details.
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Upload the necessary documents.
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Submit your application online.
Documents Required
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Permanent Residence Certificate.
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Aadhaar Card.
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Recent Photograph.
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Detailed Project Description.
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Application Fee Draft Certificate.
Frequently Asked Questions (FAQs)
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What is Mukhayamantri Saur Swarojgar Yojna?
It is a scheme that provides collateral-free loans up to Rs. 50,000 to small entrepreneurs for starting or re-operating their businesses. -
What are the benefits?
Benefits include access to a minimum loan with subsidy support, no educational barriers, employment generation, and direct assistance via a dedicated portal. -
What is the eligibility?
Applicants must be between 18 and 65 years of age, be permanent/native residents of Uttarakhand, have no default history with financial institutions, and possess the necessary expertise for the proposed activity. -
How to apply online?
Visit the official website, select the scheme, authenticate with Mobile OTP, fill in the details, upload documents, and submit your application. -
What documents are required?
Applicants must provide a Permanent Residence Certificate, Aadhaar Card, a recent photograph, a detailed project description, and an application fee draft certificate.