What is Mukhyamantri Udyam Kranti Yojana 2024

Explore the Mukhyamantri Udyam Kranti Yojana, a transformative initiative. Learn about the goals and benefits, including the PM Udyam Kranti Yojana, fostering entrepreneurship and economic development.

MP Mukhyamantri Udyam Kranti Yojana Overview 

The Mukhyamantri Udyam Kranti Yojana was launched by Chief Minister Shivraj Singh Chouhan of Madhya Pradesh on March 13th. The scheme aims to provide an interest subsidy on loans to youth in the enterprise and service sectors, empowering them to become self-sufficient by establishing their businesses.

Banks Included under MP Udyam Kranti Yojana

1. Bank of India
2. Central Bank of India
3. Bank of Baroda
4. Bank of Maharashtra
5. Union Bank
6. Indian Overseas Bank
7. Punjab National Bank
8. Indian Bank
9. ICICI Bank
10. Federal Bank
11. Dhanlaxmi Bank
12. UCO Bank
13. South Indian Bank
14. yes bank
15. Canara Bank
16. Axis Bank
17. IDBI Bank
18. Karur Vyasa Bank
19. HDFC bank
20. Bandhan Bank
21. State Bank of India
22. Punjab and Sindh Bank

Details of MP Mukhyamantri Udyam Kranti Yojana 

1. The Mukhyamantri Udyam Kranti Yojana, also known as the Chief Minister’s Enterprise Revolution Scheme, was launched to provide financial assistance and support to the youth of Madhya Pradesh. 
2. The scheme offers loans to individuals who have completed Class 12, with a maximum period of 7 years, to help them establish their enterprises within the state. 
3. The scheme is designed specifically for the youth of Madhya Pradesh, between the ages of 18 to 45 years.

Here is a snapshot of the MP Mukhyamantri Udyam Kranti Yojana

Name of the scheme	Madhya Pradesh Chief Minister Enterprise Revolution Scheme
Launched By	Madhya Pradesh Government
Beneficiaries	Citizens of Madhya Pradesh
Objective	To encourage the citizens of the state for self-employment
Official website	To be launched soon
Year	2023
Application Type	Online/Offline

Benefits of MP Mukhyamantri Udyam Kranti Yojana 

The key benefits of the Mukhyamantri Udyam Kranti Yojana include:

1. Loans with a maximum period of 7 years for individuals who have completed Class 12
2. Empowerment of the youth of Madhya Pradesh with the support of the banking system
3. Financial assistance to establish enterprises within the state
4. A 3% interest subsidy on loans for the enterprise and service sectors

Eligibility Criteria of MP Mukhyamantri Udyam Kranti Yojana 

To qualify for the MP Chief Minister Udyam Kranti Yojana, the applicant must meet the following eligibility criteria:

1. The applicant should be a permanent resident of Madhya Pradesh.
2. Individuals aged between 18 and 40 years are eligible to benefit from this scheme.
3. The applicant must have completed a minimum of 12th-class education.
4. The annual income of the applicant’s family should not exceed ₹1,200,000 to avail the scheme’s benefits.
5. If the applicant is a taxpayer, they must submit income tax details for the last three years along with the application.
6. Only entrepreneurs establishing new ventures are eligible for the benefits of this scheme.
7. Applicants must not be defaulters in any bank or financial institution.
8. The applicant should not be receiving benefits from any other self-employment scheme offered by the Central or State Government.

Documents Required for Mukhyamantri Udyam Kranti Yojana 

To apply for the Mukhyamantri Udyam Kranti Yojana, applicants need to submit the following essential documents:

1. Aadhar card
2. Copy of the bank passbook
3. Address proof
4. Ration card
5. Identity card
6. Mobile number
7. Passport-size photograph

MP Mukhyamantri Udyam Kranti Yojana Application Process

1. Start by visiting the official website of Udyam Kranti Yojana.
2. Navigate to the home page where you’ll find the Apply option.
3. Click on Apply, leading you to a new page where you select Create New Profile.
4. Fill in details such as your full name, date of birth, gender, relationship, relative’s name, category, mobile number, email ID, and Captcha Code.
5. Click on Create Profile after entering the required information.
6. Log in using your registered mobile number and date of birth.
7. Select Madhya Pradesh Chief Minister Udyam Kranti Yojana.
8. Complete the application form with the necessary information.
9. Upload all required documents.
10. Click on the Submit option to finalize your application.

Banker Login Process

1. Visit the official website of Udyam Kranti Yojana.
2. On the home page, locate the Bankers Login option.
3. Access the login form, entering your Username, Password, and Captcha Code.
4. Click on the Sign In option to log in successfully.

Mukhyamantri Udyam Kranti Yojana application status 

1. Go to the official website of Madhya Pradesh Chief Minister Udyam Kranti Yojana.
2. Access the home page and click on the application status option.
3. Log in using your registered mobile number and date of birth.
4. Select the application status option.
5. Enter your Reference Number and search to view the application status.

Process to login to MP Udyam Kranti Yojana portal  

1. Visit the official website of Madhya Pradesh Chief Minister Udyam Kranti Yojana.
2. On the home page, find the login option.
3. Enter your registered mobile number and date of birth on the new page.
4. Click on the Continue option to log in.

Procedure for filing a complaint

1. Start by going to the official website of Madhya Pradesh Chief Minister Udyam Kranti Yojana.
2. On the home page, click on the Register Complaint option.
3. Select lodge complaint again.
4. The Grievance Form will appear on your screen; enter the necessary information.
5. Click on the Submit option to file a complaint.

Procedure to check complaint status 

1. Visit the official website of Madhya Pradesh Chief Minister Udyam Kranti Yojana.
2. On the home page, click on the lodge complaint option.
3. Access the login option and enter your Username, Password, and Captcha Code.
4. Click on the login option.
5. Enter your Complaint Reference Number and click on the Search option to view related information.

Conclusion

The execution of the scheme is set to run at all levels, districts, and blocks, as the government performs in mission mode, the work of getting the loans sanctioned for more and more applicants, like feathers to the hat of hubris that the state wears to achieve a 100% employment rate. Heavy efforts are put into promoting and publicizing the scheme to provide benefits to more and more educated youth at every level. Programs are not held without prior preparation. Loans are sanctioned for self-employment, in employment fairs in maximum cases.

FAQs on Udyam and Udyam Kranti

Who is eligible for the Mukhyamantri Udyam Kranti Yojana?

The Mukhyamantri Udyam Kranti Yojana is designed for the youth of Madhya Pradesh, between the ages of 18 to 40 years, who have completed Class 12 and have an annual family income of up to Rs. 12 lakhs.

What is the age limit for applying for this scheme?

The age limit for applying for the Mukhyamantri Udyam Kranti Yojana is between 18 to 40 years.

Are there any specific targets or goals associated with this scheme?

The Mukhyamantri Udyam Kranti Yojana aims to empower the youth of Madhya Pradesh by providing financial assistance and support to establish enterprises within the state, thereby contributing to economic growth and self-employment opportunities.

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