Commerce, Industries and Employment Minister Yashodhara Raje Scindia has informed that now young entrepreneurs will be provided upto `1 crore loan. She said that it has been decided to merge various self-employment schemes into three new schemes. The Industries Minister was reviewing self-employment schemes at Gwalior.
Industries Minister Scindia informed that except Centrally-sponsored ones, 13 self-employment schemes under implementation in the State have been merged into 3 new schemes namely Mukhyamantri Yuva Uddyami Yojana, Mukhyamantri Swarozgar Yojana and Mukhyamantri Aarthik Kalyan Yojana. loan worth `10 lakh to Rs one crore will be given under Mukhyamantri Yuva Uddyami Yojana, `20,000 to `10 lakh under Mukhyamantri Swarozgar Yojana and equipments and working capital will be provided to the poorest section under Mukhyamantri Aarthik Kalyan Yojana.
Under Mukhyamantri Yuva Uddyami Yojana, loan worth `10 lakh to `1 crore will be provided to young entrepreneurs. They must be between 18 and 40 years of age having minimum qualification of X exam pass. Income is no bar. Under the scheme, margin money assistance worth 15 per cent of total cost of project will be given. Besides, loan subsidy of 5 per cent per annum will also be given for 7 years.
Under Mukhyamantri Swarozgar Yojana, loans from `20,000 to `10 lakh will be given. Educational qualification should be V class pass and age between 18 and 45 years. For general category people, 15 percent margin money upto a maximum of `1 lakh will be given and 30 per cent margin money upto a maximum of `2 lakh for beneficiaries belonging to SCs, STs, other backward classes, women, minorities, general category poor and disabled. loan subsidy of 5 per cent will be given for maximum 7 years upto maximum `25,000.
Under Mukhyamantri Aarthik Kalyan Yojana, working capital will be provided to poorest people, which will be maximum `20,000. Educational qualification is no bar. Age must be between 18 and 55 years.