The Chief Minister Youth Self-Employment Scheme (MMYSY) is an initiative by the Government of Chhattisgarh aimed at empowering the youth through self-employment opportunities. Launched to promote economic independence and entrepreneurship, the scheme provides comprehensive support including financial assistance, interest subsidies, guarantee fees, training, and handholding to eligible youth for establishing manufacturing, service, or business units.
Benefits
Loan Assistance:
-
Manufacturing Enterprises: Project cost up to ₹25,00,000
-
Service Industry: Project cost up to ₹10,00,000
-
Business Ventures: Project cost up to ₹2,00,000
Guarantee Fee / Annual Service Fee Assistance:
-
General Category: Full guarantee and service fee for 4 years on sanctioned loan
-
SC/ST/OBC/Minority/Women/Disabled/Ex-Servicemen/Naxal Affected: Full guarantee and service fee for 4 years
Interest Subsidy (for 5 years):
-
General Category:
-
5% subsidy
-
Max ₹50,000/year (Term Loan)
-
Max ₹25,000/year (Working Capital)
-
-
Reserved Categories:
-
8% subsidy
-
Max ₹75,000/year (Term Loan)
-
Max ₹40,000/year (Working Capital)
-
Margin Money Grant:
-
General Category: 10% of project cost, max ₹1,00,000
-
OBC/Minority/Women/Disabled/Ex-Servicemen/Naxal Affected: 15% of project cost, max ₹1,50,000
-
SC/ST: 25% of project cost, max ₹1,50,000
Eligibility
-
Must be a resident of Chhattisgarh
-
Minimum 8th class pass
-
Age: 18 to 35 years (up to 40 years for reserved categories)
-
Not a defaulter of any bank/financial institution
-
Only one applicant per family
-
Family annual income must not exceed ₹3,00,000
-
Should not have availed grant under PMRYO, PMROSRIKA, or other govt. schemes
Application Process
Mode: Offline
-
Collect the free application form from the District Trade and Industry Center (DTIC)
-
Submit the filled application with supporting documents to the DTIC
-
Incomplete applications will be returned if not rectified within 15 days
-
Attach a project report (brief profile of proposed business)
-
Application is reviewed by Task Force Committee based on:
-
Qualification
-
Experience
-
Technical ability
-
Feasibility of proposed activity
-
-
Approved applications are sent to banks for loan sanction
-
Banks will decide within 30 days
-
Post-establishment, the enterprise may be inspected by DTIC officials
Documents Required
-
Aadhaar Card
-
Permanent Residential Certificate
-
Caste Certificate
-
Educational Qualification Certificates
-
Bank Account Passbook
-
Passport-size Photograph
-
Mobile Number
Frequently Asked Questions
-
Q: What is the max project cost covered for manufacturing?
₹25,00,000 -
Q: Can two members from the same family apply?
No, only one person per family is eligible -
Q: What’s the age limit for SC/ST applicants?
Up to 40 years (5 years relaxation) -
Q: Is offline application mandatory?
Yes, applications are submitted in physical form at the DTIC office