What you get
- The maximum cost of the project under this scheme will be ₹50000/-. | - Under this scheme, the margin money assistance at 50% of the project cost (maximum ₹15,000/-) will be payable by the government to the beneficiary. | - The minimum period of the initial moratorium will be 6 months and after the initial moratorium, the loan repayment will be in 5 years.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of the scheme?
The objective of the scheme is to provide low-cost equipment and/or working capital to the BPL category beneficiaries of Scheduled Castes. The benefit of the scheme will be given for the establishment of new industries/businesses etc.
Which department has launched this scheme?
Department of Industrial Policy and Investment Promotion, Government of Madhya Pradesh
When was this scheme launched?
This scheme was launched on 1st August 2014.
Who is eligible to get the benefits of the scheme?
The applicant of the BPL category beneficiaries of Scheduled Castes is eligible to apply under the scheme.
Is this scheme only for a resident of Madhya Pradesh?
Yes, the applicant should be a permanent resident of Madhya Pradesh.
What is the benefit of the scheme?
Under this scheme, the margin money assistance at 50% of the project cost (maximum [?]15,000/-) will be payable by the government to the beneficiary.
What is the maximum cost of the project under this scheme?
The maximum cost of the project under this scheme will be [?]50000/-.
What should be the minimum period of the initial moratorium?
The minimum period of the initial moratorium will be 6 months and after the initial moratorium, the loan repayment will be in 5 years.
How many times the applicant can avail of the benefits of the scheme?
The applicant will be eligible for assistance under this scheme only once.
What is the age criterion under the scheme?
To get the benefits of the scheme, the age of the applicant should be between 18 to 55 years as of the date of application.
Who are excluded under the scheme?
If a person is receiving assistance under any government entrepreneur/self-employment scheme, he will not be eligible under this scheme.
How can an applicant apply under the scheme?
To get the benefits of the scheme, the applicant needs to apply online through the official website. https://msme.mponline.gov.in/Portal/Services/msme2019/landing.html