Govt to provide 10 lakh to 1 crore Chief Minister Youth Entrepreneur Scheme 2023 Golden opportunity for unemployment
Hello friends the state government has launched various schemes to provide golden job opportunities to the unemployed people of the state. Taking another major step in this direction, the state government has launched the Chief Minister Yuva Entrepreneur Scheme 2023, through which the unemployed citizens of the state will be given financial assistance to set up their own industries. The foundation stone of the Chief Minister’s Youth Entrepreneur Scheme was laid on August 1, 2014, under which unemployed citizens in the age group of 18 years to 40 years will benefit. Read this article till the end.
Chief Minister’s Youth Entrepreneur Scheme 2023
The Chief Minister Youth Entrepreneur Scheme 2023 was launched by the Government of Madhya Pradesh on 1 August 2014. Under this scheme, all citizens of the state who want to set up their own business are given loans by the bank. Citizens of all categories can take advantage of the Chief Minister’s Youth Entrepreneur Scheme. Citizens of Madhya Pradesh are provided benefit of margin money assistance, interest subsidy, loan guarantee and training under this scheme. Through the Chief Minister’s Youth Entrepreneur Scheme, job opportunities are made available to unemployed citizens and they become self-reliant.
This project will also reduce unemployment in the state. If you want to take advantage of this scheme, you have to apply online by visiting the official website.
The scheme was amended by the Government on 16 November 2017. The minimum educational qualification to avail this scheme is 10th standard. Under this scheme the loan is given for a period of 7 years.
Financial assistance under Madhya Pradesh Chief Minister’s Youth Entrepreneur Scheme
Ordinary citizens 15% margin money above Rs.1200000 6% interest for male entrepreneurs and 5% interest for female entrepreneurs
BPL category citizens 20% margin money above Rs.1800000 6% interest for male entrepreneurs and 5% interest for female entrepreneurs
Benefits of Young Entrepreneur Scheme
Under the entrepreneur scheme, the young citizens of the state are given loan amount by the bank to open their own business.
The scheme was launched by the government on August 1, 2014, but on November 16, 2017, the Chief Minister Entrepreneur Scheme was amended.
It is very important that applicants have their own bank account which should be linked with Aadhaar card.
Under this scheme women will be able to open their own business and stand on their own feet to become self-reliant and improve their family’s economic status.
Under the scheme, all categories of people will be able to avail its benefits.
People will be able to get a job to stand on their own feet under the MP Youth Entrepreneur Scheme.
Unemployment in the country will gradually decrease.
Training will also be given to all under the scheme.
The youth will be given a loan by the bank for a period of 7 years.
Applicants will be able to easily apply for the scheme through online medium through mobile and computer and also get information related to the scheme.
Applying online saves both applicants time and money.
Under this scheme, applicants are given loans ranging from 10 lakhs to 2 crores.
The government has fixed 5% interest for women entrepreneurs and 6% for male entrepreneurs.
Under this scheme, departments are divided for citizens to apply based on their category, wherein citizens can easily apply for the scheme by selecting the department based on their caste.
Eligibility for Application
Applicants must be from Madhya Pradesh.
Candidate must have passed at least 10th standard.
Applicant’s age should be between 18 to 40 years.
Candidate should not be a defaulter of any Nationalized Bank, Financial Institution, Co-operative Bank.
Necessary documents
Aadhaar card
PAN card
Ration card
I am certified
Residence Certificate
10th Class Marks List
Bank pass book
Passport size photo
mobile number
Registration Process under Chief Minister’s Youth Entrepreneur Scheme?
First you need to go to the official website of this scheme.
Now the home page will open in front of you.
On the home page, you have to click on the link to apply under Chief Minister Youth Entrepreneur Scheme.
Chief Minister Youth Entrepreneur Scheme 3 Youth Entrepreneur Scheme Madhya Pradesh Now the department list will open in front of you.
You should choose the department according to your requirement.
After this a new page will open in front of you.
In the sign up section of this page you need to enter all the requested information like your name, email id, mobile number etc.
After this you have to click on sign up button now.
Offline Application Process
If you apply offline in this scheme, you can go to your district official office for this, as the application forms of this scheme are made available in all the district offices of the state.
After getting the application form, the applicant should fill all the information in it and attach all the documents, along with your business plan report.
After filling the form, you have to submit this form to the same district office where you received this form. And this way your application will be completed through offline medium.
IFSC Code Search Process
Firstly, applicants should go to the official website of Madhya Pradesh Government Self Employment Schemes.
On home page, go to Chief Minister Youth Entrepreneur Scheme option and click Apply.
When clicked, a new page will open in front of you.
On the new page, select your category.
After this, you go to search IFSC code and fill the IFSC code.
Now go to search option and click on it.
As soon as you click the IFSC code will appear on your screen.
This way you will be able to register.
This scheme is currently implemented in Madhya Pradesh and in few days it will be implemented in our state as well as soon as this scheme is implemented in our state we will inform you.