The Mukhya Mantri Krishak Udyami Yojana is an initiative by the Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh. The scheme provides financial assistance in the form of loans ranging from ₹50,000 to ₹10,00,000 to the sons and daughters of farmers, enabling them to establish their own business ventures. This scheme aims to empower economically weak farmers by making self-employment a viable option, thereby contributing to rural development and reducing unemployment.
Benefits
For Projects Worth ₹10 Lakh or More:
- Subsidy:
- General Category: 15% of the project cost (maximum subsidy of ₹12,00,000).
- BPL Category: 20% of the project cost (maximum subsidy of ₹18,00,000).
- Interest Subsidy:
- Women Entrepreneurs: 6% interest subsidy.
- Male Entrepreneurs: 5% interest subsidy.
- Guarantee Fee:
- Payable at the prevailing rate for a maximum of 7 years.
For Projects Less Than ₹10 Lakh:
- Subsidy:
- General Category: 15% of the project cost (maximum subsidy of ₹1,00,000).
- For BPL, Scheduled Caste, Tribes, Other Backward Classes (except creamy layer), Women, Minorities, Disabled: 30% of the project cost (maximum subsidy of ₹2,00,000).
Additional Provisions:
- Liberated Nomadic and Semi-Nomadic Tribes:
30% of the project cost (maximum subsidy of ₹3,00,000). - Bhopal Gas Victim Family Members:
Additional subsidy of 20% on the project cost (maximum ₹1,00,000). - Interest Rate on Loan:
- For projects of ₹10,00,000 or more: 5% per annum (general) or 6% per annum (women entrepreneurs) for a maximum of 7 years (up to ₹5,00,000 per annum).
- For projects less than ₹10,00,000: 5% per annum (general) or 6% per annum (women entrepreneurs) for a maximum of 7 years (up to ₹25,000 per annum).
Eligibility
- Residency:
The applicant must be a permanent resident of Madhya Pradesh. - Age:
Applicants should be between 18 and 45 years old. - Educational Qualification:
A minimum qualification of 10th class is required. - Agricultural Land:
The parents of the beneficiary should not own agricultural land. - Income:
The applicant should not be an income taxpayer. - Target Beneficiaries:
The scheme is designed to assist the sons and daughters of farmers, particularly those from economically weak backgrounds, to become self-reliant by establishing their own businesses.
Application Process
Online / Offline
- Visit the Official Website:
Access the scheme’s application link on the official website. - Registration:
- Click on the application link for the Mukhya Mantri Krishak Udyami Yojana.
- Register by entering your name, mobile number, password, and captcha code.
- Submit the registration form to get registered on the portal.
- Login:
- Log in to the portal using your registered credentials.
- Apply for the Scheme:
- Once logged in, select the department associated with the scheme.
- Fill in the required application form with all the necessary details.
- Submission:
Submit the completed application form along with the required documents.
Documents Required
- Aadhaar Card.
- PAN Card.
- Birth Certificate.
- BPL Certificate.
- Land/Farming Papers.
- Income Certificate.
- Address Proof.
- Passport-size photograph.
- 10th Class Mark Sheet.
Frequently Asked Questions
- What is Mukhya Mantri Krishak Udyami Yojana (MMKUY)?
It is a financial assistance scheme for the sons and daughters of farmers, offering loans to set up self-employment ventures. - Who can apply for MMKUY?
Eligible applicants are permanent residents of Madhya Pradesh, aged between 18 to 45 years, who have passed the 10th class and whose parents do not own agricultural land. Applicants should also not be income taxpayers. - How does MMKUY help farmers financially?
It provides loans ranging from ₹50,000 to ₹10,00,000 with various subsidies and interest subsidies, enabling economically weak farmers to establish their own businesses. - What is the minimum educational qualification required?
A minimum of 10th class is required. - What is the age criteria for applicants?
Applicants must be between 18 and 45 years old. - How does MMKUY contribute to rural development?
By enabling the establishment of new businesses among farmer families, it reduces unemployment and fosters self-reliance, thus promoting rural development. - Which is the official website for MMKUY?
Applicants should visit the official website provided in the scheme details. - How many times can an applicant avail of the benefits of the scheme?
Typically, the scheme benefits are available to one beneficiary per family. - Can I apply online?
Yes, applications can be submitted online through the official portal.