Mukhymantri Yuva Swarojgar Yojana, MMYSY

Mukhymantri Yuva Swarojgar Yojana MMYSY

The state government of Chhattisgarh is accepting applications for the Mukhyamantri Yuva Swarozgar Yojana (MMYSY). Under this plan, the state government offers financial aid to young people who desire to start their own businesses. As a result, aspiring individuals who are looking for work but are unable to find one and want to start their own business can apply to the department for a loan of up to Rs 25 lakh by following the requirements. Applicants can obtain information by contacting the District Industries and Trade Center in their district.

What are the advantages of the Mukhymantri Yuva Swarojgar Yojana (MMYSY), Chhattisgarh?

The key benefit of this MMYSY initiative is that it provides young with their own source of income while also providing employment to individuals through MSMEs.
The Chhattisgarh government offers loans of up to Rs 10 lakh for services,
Rs 2 lakh for small businesses, and
up to Rs 25 lakh for industrial companies.
Beneficiaries of this scheme also receive a debt forgiveness ranging from 10% to 25%.

What are the eligibility requirements for the Mukhymantri Yuva Swarojgar Yojana (MMYSY), Chhattisgarh?

Candidates must have completed at least eighth grade from a recognized institution.
To be eligible for this scheme, the applicant’s age should be between 18 and 35 years.
SC, ST, OBC, women, disabled, entrepreneurs, Naxalite impacted family members, and retired soldiers will receive a 5-year age relaxation.
The applicant’s family’s annual income should not be more than Rs 3 lakh.
The applicant should be a permanent resident of Chhattisgarh.
The applicant should not be a loan defaulter with any national bank, financial institution, or cooperative bank.