Launched on August 1, 2014, the Mukhya Mantri Swarojgar Yojana (MMSY) is a flagship initiative by the Government of Madhya Pradesh to promote self-employment among its residents. Implemented by the Department of Micro, Small & Medium Enterprises (MSME), this scheme offers financial support through bank loans, subsidies, training, and loan guarantees for eligible individuals to start their ventures.
Key Highlights of the MMSY Loan Scheme
• Scheme Name: Mukhya Mantri Swarojgar Yojana
• Launched By: Government of Madhya Pradesh
• Implementing Body: Department of MSME, Madhya Pradesh
• Loan Amount: ₹50,000 to ₹10,00,000
• Repayment Period: 6 months to 7 years
• Subsidy: Margin money, Interest subsidy, CGTMSE guarantee fee coverage
• Target Beneficiaries: SC/ST/OBC/Women/Minorities/Disabled/General Category
Benefits of MMSY
• Loan Assistance: Financial aid from ₹50,000 up to ₹10 lakhs for business setup
• Margin Money Subsidy:
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General Category: 15% (Max ₹1,00,000)
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SC/ST/OBC (non-creamy layer)/BPL/Women/Minority/Disabled: 30% (Max ₹2,00,000)
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Nomadic/Semi-nomadic Tribes: 30% (Max ₹3,00,000)
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Bhopal Gas Victims: Additional 20% (Max ₹1,00,000)
• Interest Subsidy:
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General: 5% per annum
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Women Entrepreneurs: 6% per annum
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Tenure: Up to 7 years
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Max Limit: ₹25,000 per year
• Loan Guarantee (CGTMSE/CGFMU): Coverage of guarantee fee up to 7 years
• Entrepreneurial Training: Assistance in training and guidance for setting up businesses
Eligibility Criteria
• Must be a permanent resident of Madhya Pradesh
• Age Limit: 18 to 45 years
• Minimum Education: Passed Class 5
• Must not be an income tax payer
• Should not be a bank defaulter
Exclusions
• Applicants already availing benefits under any other self-employment scheme are not eligible
• One-time benefit – individuals can apply only once under MMSY
How to Apply – Online Process
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Visit the official portal of Mukhya Mantri Swarojgar Yojana
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Click on the “Apply Now” link for MMSY
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Select your preferred department relevant to your business interest
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Register by entering your name, mobile number, password, and captcha
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After registration, log in with your credentials
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Fill out the complete application form and upload documents
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Submit the form to initiate the loan process
Official Website: https://msme.mponline.gov.in
Necessary Documents for Application
• Aadhaar Card
• PAN Card
• Income Certificate
• Address Proof
• Passport-size Photograph
• Mobile Number
• 5th Class Marksheet
Frequently Asked Questions (FAQs)
Q: What is Mukhya Mantri Swarojgar Yojana (MMSY)?
A: MMSY is a loan and subsidy-based scheme by the MP government to support self-employment.
Q: Is there any age limit for applicants?
A: Yes, applicants must be between 18 to 45 years old.
Q: Can residents from other states apply for this scheme?
A: No, only permanent residents of Madhya Pradesh are eligible.
Q: What is the minimum qualification required?
A: Applicants should have passed at least Class 5.
Q: Is any subsidy provided under this scheme?
A: Yes, margin money and interest subsidies are provided as per category.
Q: What documents are required to apply?
A: Aadhaar, PAN, income proof, address proof, educational certificates, and photo.
Q: How many times can one avail the benefits?
A: Only once per eligible applicant.
Q: Can I apply offline?
A: Currently, the preferred method is online via the official website.
Q: What kind of businesses are supported?
A: All types of micro and small business setups relevant to the applicant’s skills and interests.
References & Useful Links
• MP MSME Portal – Official Guidelines
• Department of Micro, Small & Medium Enterprises, Government of Madhya Pradesh
• Notifications, Circulars, and Amendments 2024–2025
