MUKY

Local resident of MP

1. Age 18 to 40 on application date
2. Minimum 12th pass
3. Family annual income up to Rs 2 lakh (ITRs of last 3 years if anyone pays income tax)
4. Not a defaulter of any bank/MFI/NBFC/SFB/PACS
5. Not a current beneficiary of another state/central self-employment scheme; benefit only once
6. Projects: manufacturing Rs 1–50 lakh; service and retail Rs 1–25 lakh; must be CGTMSE-eligible
7. Only CGTMSE member lending institutions

• Interest subsidy 3% per year for up to 7 years (incl. moratorium) on term loan and working capital
• CGTMSE guarantee fee reimbursed at prevailing rate for up to 7 years
• No collateral demanded

1. No subsidy for periods when loan is default/NPA
2. Interest subsidy paid yearly as reimbursement, first claim after 1 year of disbursement
3. Simple project report for projects below Rs 10 lakh (Form 1/2); DPR for Rs 10 lakh and above
4. Bank to decide in 6 weeks; application valid for one financial year
5. EDP training via online module if not done before

• Online application with project report (simple below Rs 10 lakh, DPR above)
• Income tax returns of last 3 years if applicable
• Other proofs as per portal (list in Hindi guideline not fully transcribed)