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This scheme from the Madhya Pradesh government helps farmers' sons and daughters get financial support to start Read More... their own businesses, aiming to make them self-reliant. Read less

Details

Farming is the backbone of India, but what happens when the next generation wants to branch out into business? The Mukhya Mantri Krishak Udyami Yojana (MMKUY) in Madhya Pradesh is designed precisely for this. It's a government initiative focused on empowering the children of farmers to become entrepreneurs.

What Is This Scheme?

The Mukhya Mantri Krishak Udyami Yojana is a program by the Department of Micro, Small & Medium Enterprises (MSME) of the Madhya Pradesh government. It aims to provide financial assistance, primarily in the form of loans, to the sons and daughters of farmers. This support helps them set up their own businesses and improve their economic standing.

Who Can Benefit From This Scheme?

The scheme is specifically for the sons and daughters of farmers in Madhya Pradesh. It's for those who have completed at least their 10th grade and are between 18 and 45 years old. A key condition is that the beneficiary's parents should not own agricultural land, and the applicant must not be an income taxpayer.

Why This Scheme Is Important

This initiative plays a crucial role in diversifying rural economies and reducing unemployment. By providing a financial cushion and encouraging business ventures, it helps families of farmers become self-sufficient and contribute more broadly to the state's economic growth. It ensures that a farmer's background doesn't hinder their entrepreneurial ambitions.

Objective

This scheme from the Madhya Pradesh government helps farmers' sons and daughters get financial support to start their own businesses, aiming to make them self-reliant.

Benefits

Pattern of Assistance:

Training, awareness program, extension, technology support.

Type of Assistance:

Production and multiplication of good, high-yielding, diseased free planting materials for sale.
Introduction of new high-yielding varieties of mother plants, suitable to the different areas of the State.

Sources and references

Official Website

Who Can Apply?

You must be a permanent resident of Madhya Pradesh.
Your age should be between 18 and 45 years.
You need to have completed at least 10th standard education.
Your parents should not own any agricultural land.
You should not be an income taxpayer.

How to Apply

Interested individuals can apply for the Mukhya Mantri Krishak Udyami Yojana through the official government portal. The detailed application process and required forms are available online.

Official Application Link: https://msme.mponline.gov.in/Portal/Services/msme2019/landing.html

Documents You'll Need

Aadhaar Card
PAN Card
Birth Certificate
BPL Certificate (if applicable)
Land Farming Paper (proof that parents don't own agricultural land)
Income Certificate
Address Proof
Passport Size Photograph
Mobile Number
10th Class Marksheet

FAQ’s

What is the main goal of the Mukhya Mantri Krishak Udyami Yojana?

The primary goal is to help the sons and daughters of farmers in Madhya Pradesh start their own businesses by providing them with financial assistance, thus promoting self-reliance and entrepreneurship.

What is the age limit for applicants under this scheme?

The applicant's age must be between 18 and 45 years at the time of application.

Can a person who owns agricultural land apply for this scheme?

No, the scheme is specifically for those whose parents do not own agricultural land.

Where can I find the official website to apply for this scheme?

You can find all the information and apply through the official MP Online portal for MSME schemes, which is: https://msme.mponline.gov.in/

What kind of financial help does the scheme offer for projects over ₹10 lakh?

For projects above ₹10 lakh, the scheme offers a capital subsidy of 15% for the general category (up to ₹12 lakh) and 20% for the BPL category (up to ₹18 lakh). It also provides interest subsidies for up to 7 years.

Is there a minimum education requirement to apply?

Yes, applicants must have successfully completed at least the 10th standard examination.

Can an income taxpayer apply for the Mukhya Mantri Krishak Udyami Yojana?

No, if you are an income taxpayer, you are not eligible to apply for this scheme.

Will I get benefits under this scheme multiple times?

No, each applicant is eligible to receive assistance under this scheme only once.

Does the scheme provide financial aid for projects costing less than ₹10 lakh?

Yes, for projects under ₹10 lakh, a subsidy of 15% of the project cost (up to ₹1 lakh) is available for the general category. Special categories like BPL, SC/ST, OBC, Women, etc., can receive 30% of the project cost (up to ₹2 lakh).

How does this scheme help create jobs?

By enabling farmers' children to start businesses, the scheme indirectly helps create employment opportunities in rural and semi-urban areas, contributing to the local economy.