The Mukhyamantri Swarojgar Yojana (MMSY) is a flagship initiative of the Government of Madhya Pradesh aimed at promoting self-employment and entrepreneurship among the state’s youth and small business aspirants.
The scheme provides financial assistance, including bank-linked loans and subsidies, to help individuals start micro, small, and medium enterprises (MSMEs) in both the manufacturing and service sectors.

It seeks to reduce unemployment, promote rural and semi-urban entrepreneurship, and encourage local production and economic independence.

Key Features & Benefits for Business Owners

• Financial Assistance for New Businesses

  • Entrepreneurs can get bank-linked loans to start or expand their business.

  • The scheme covers projects up to ₹50 lakh for manufacturing units and ₹25 lakh for service sector businesses.

• Government Subsidy Support

  • The State Government provides a margin money subsidy on approved project costs.

  • Subsidy percentage depends on the entrepreneur’s category and location:

    • General Category: 15% subsidy (up to ₹12,000)

    • Scheduled Caste/Scheduled Tribe/OBC/Women/Disabled: 30–35% subsidy (up to ₹20,000–₹30,000)

    • Special Category or Rural Area Projects receive higher assistance.

• Collateral-Free Loans

  • Many small projects are eligible for collateral-free loans under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises).

• Sector Flexibility

  • Open to entrepreneurs across a wide range of sectors — manufacturing, services, trade, and small industries.

• Interest Subsidy

  • Eligible businesses receive interest subsidy support for a specific period, reducing repayment pressure in the early years of business.

• Employment Focus

  • Designed to help entrepreneurs generate self-employment and create jobs for others in their local community.

Eligibility Criteria

To qualify under the Mukhyamantri Swarojgar Yojana, applicants must meet the following criteria:

• Age: Must be between 18 and 45 years.

• Residency: Applicant must be a permanent resident of Madhya Pradesh.

• Business Type:

  • Must propose a new business venture or expansion of an existing micro/small enterprise.

  • The project should be commercially viable.

• Employment Status: Applicant should not be employed in a government or private job at the time of application.

• Credit Record: Should not be a defaulter with any nationalized or cooperative bank.

How to Apply

1. Online Registration

   • Visit the official portal: mmsy.mp.gov.in

   • Register yourself by providing personal details, Aadhaar number, and contact information.

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2. Submit Business Proposal

   • Upload a detailed project report or business plan specifying capital investment, employment generation, and projected turnover.

3. Document Upload

   • Required documents include:

     • Aadhaar Card and Residence Proof

     • Caste Certificate (if applicable)

     • Passport-size Photos

     • Educational Qualification Certificates

     • Project Report

     • Bank Account Details

4. Bank Sanction & Subsidy Processing

   • The District Task Force Committee (DTFC) evaluates your application.

   • Once approved, the loan is sanctioned by a bank, and the government releases the subsidy/margin money portion directly to your account.

5. Start Business Operations

   • After receiving funds, the entrepreneur must commence business activities within the stipulated time frame.

Important Considerations for Business Owners

• Business Viability

  • Your business plan must demonstrate feasibility and sustainability. Poorly planned proposals may get rejected.

• Subsidy Disbursement

  • The subsidy component is credited only after loan approval and project verification.

• Timely Repayment

  • Maintain regular repayment of your bank loan to stay eligible for continued government support and avoid being marked as a defaulter.

• Priority Sectors

  • Special preference is given to businesses in rural areas, women-led enterprises, and industries aligned with local resources such as food processing, textiles, handicrafts, and agriculture-based units.

• Skill Training

  • Applicants may be recommended to undergo entrepreneurship development or skill training before final approval.