The Mukhya Mantri Swarojgar Yojana (MMSY) was launched on 1 August 2014 by the Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh. The scheme aims to encourage self-employment by providing financial support, training, and subsidies to eligible citizens. Loans ranging from ₹50,000 to ₹10,00,000 are provided to help individuals establish their own businesses.
Benefits
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Loan Amount: ₹50,000 to ₹10,00,000
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Loan Tenure: Minimum 6 months to a maximum of 7 years
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Margin Money Assistance:
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15% of project cost (Max ₹1,00,000) – General Category
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30% (Max ₹2,00,000) – SC, ST, OBC (non-creamy layer), BPL, Minorities, Women, Disabled
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30% (Max ₹3,00,000) – Liberated Nomadic & Semi-Nomadic Tribes
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Additional 20% (Max ₹1,00,000) – Bhopal Gas Tragedy affected families
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Interest Subsidy:
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5% per annum for general beneficiaries
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6% per annum for women entrepreneurs
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Maximum ₹25,000 per annum for up to 7 years
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Loan Guarantee Fee Subsidy: Coverage of CGTMSE/CGFMU guarantee fees for up to 7 years
Eligibility
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Must be a permanent resident of Madhya Pradesh
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Should have passed at least 5th standard
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Age should be between 18 to 45 years
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Family should not be an income tax payer
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Should not be a defaulter of any bank
Exclusions
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Cannot avail the scheme if already receiving benefits under another self-employment scheme
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Only one-time benefit per applicant under MMSY
Application Process
Mode: Online
Step 1: Visit the official MMSY portal
Step 2: Click on “Mukhya Mantri Swarozgar Yojana Application”
Step 3: Select the department relevant to your trade/business interest
Step 4: For new users, click “Register”, fill in your name, mobile number, password, captcha and submit
Step 5: After registration, log in to the portal
Step 6: Complete the application form and upload documents
Documents Required
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Aadhaar Card
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PAN Card
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Income Certificate
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Address Proof
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Passport-size Photograph
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Mobile Number
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5th Class Mark Sheet
Frequently Asked Questions
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Q: Who is eligible for margin money subsidy?
SC/ST/OBC (non-creamy layer), women, minorities, disabled, nomadic tribes, and Bhopal gas victims as per criteria. -
Q: Is there any interest subsidy for women?
Yes, women entrepreneurs get a 6% annual interest subsidy (Max ₹25,000/year for 7 years). -
Q: Can I apply again if I already received a loan once?
No, the scheme is one-time benefit per individual. -
Q: Is training provided under this scheme?
Yes, training is part of the self-employment support.