Information Related to the Scheme:

This scheme was launched on August 1, 2014, to help individuals from all sections of society establish their own industries by providing loans through banks.

Process/Method to Avail Scheme Benefits:

1. The applicant must be a native of Madhya Pradesh.
2. The applicant must have passed at least the 10th grade.
3. The applicant must be between 18 and 40 years old on the date of application.
4. The applicant should not be a defaulter in any bank or financial institution.
5. The applicant should not be benefiting from any government-sponsored self-employment scheme.

Financial Assistance:

1. The project cost under this scheme will range from a minimum of ₹10 lakh to a maximum of ₹1 crore.
2. Margin money assistance will be provided at 15% of the project's capital cost (maximum ₹12 lakh).

Conditions to Avail Benefits:

1. The scheme is available throughout Madhya Pradesh.
2. The scheme is exclusively for the industrial and service sector.
   
   Source: mp.gov.in/govschemes