Not yet classifiedMUKHY
Mukhya Mantri Yuva Swarozgar Yojana
Mukhya Mantri Yuva Swarozgar Yojana (MMYSY) provides credit guarantee and interest subsidy to promote entrepreneurship among the youth of Madhya Pradesh.
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Highlights and Media
Key Highlights
Credit Guarantee
State government offers bank credit guarantees to reduce collateral requirements.
Interest Subsidy
Subsidized loan interest rates to lower the financial burden on young entrepreneurs.
MMYSY Project Cost Slabs
Comparison of project cost categories under the scheme
Service & Business Sector
Up to ₹10 LakhMaximum project cost limit for service or trading entities.
Manufacturing Sector
Up to ₹25 LakhMaximum project cost limit for setting up manufacturing units.
Who is eligible
- The applicant is a resident of Madhya Pradesh and falls in the age group of 18-40 years.
Eligibility rules · v1 · effective 1 January 2020
Who is not eligible
- Mukhya Mantri Yuva Swarozgar Yojana is only available to residents of Madhya Pradesh.
- MMYSY MP is for youth under 40 years of age.
- MMYSY MP requires the applicant to be at least 18 years of age.
How to apply
Online Portal Application
Register and apply on the official Madhya Pradesh self-employment portal with project details.
Scrutiny by District Committee
The application is screened by the District Level Task Force Committee.
Bank Loan Sanction & Guarantee
Upon committee approval, the bank sanctions the loan and the state issues the credit guarantee.
Sources
- Department of Micro, Small & Medium Enterprises, Government of Madhya PradeshMINISTRY_PORTAL · Fetched 5 July 2026
Additional Details
Mukhya Mantri Yuva Swarozgar Yojana (MMYSY) is a state-level initiative by the Government of Madhya Pradesh to foster self-employment. Under this scheme, the State Government provides bank guarantees and interest subsidies on loans to help youth set up their micro or small enterprises.