What is Mukhyamantri Laghu Udhyog Protsahan Yojana?
The Mukhyamantri Laghu Udhyog Protsahan Yojana (MLUPY) aims to encourage entrepreneurship and create job opportunities throughout Rajasthan. It assists micro, small, medium, and large companies (MSMEs) by offering loans of up to 10 crore with interest rates that are subsidized. This will help entrepreneurs who are new and running small-scale businesses to start or expand their business without financial obstacles. The program is available to both service and manufacturing sectors, which include agriculture and trading.Objectives of the Scheme
The primary objectives for Mukhyamantri Laghu Udhyog Protsahan Yojana are:- To encourage self-employment and entrepreneurialism.
- To create jobs for women and youth.
- To facilitate credit and finance accessible to MSMEs.
- Support the expansion of small businesses in rural and urban regions.
Key Benefits of Mukhyamantri Laghu Udhyog Protsahan Yojana
The program has many advantages that make it simpler for small business owners to expand and sustain their businesses:- The amount of a loan: Between Rs25,000 and Rs10 crore, based on the business.
- Interest Subsidy: up to 8% subsidy on interest rates, which makes it easier to pay.
- Loans that are not collateral-free: Small-sized businesses can obtain loans without having to pledge properties (in certain areas).
- Sector coverage: This is available to manufacturing as well as service and trading companies.
- Extra Benefits: women, people with disabilities, and entrepreneurs with disabilities get more financial assistance as well as faster processing.
Eligibility Criteria
To be eligible to be considered for Mukhyamantri Laghu Udhyog Protsahan Yojana, the applicants must meet the following criteria:- You can be one of the citizens of Rajasthan.
- At a minimum, at least.
- Start or plan to start an enterprise in a qualified industry.
- Maintain A good financial history and meet the bank’s requirements for loan approval.
Documents Required
Candidates must submit all the required documents- Aadhaar Card & PAN Card
- Documentation of Residence (Electricity bill or Ration card)
- Photographs of passport size
- Business Plan or Project Report
- Bank Account Details
- Quote for Machinery or Equipment (if relevant)
How to Apply
Here’s how you can fill out the Mukhyamantri Laghu Udhyog Protsahan Yojana:- Access The Portal: Log on to sso.rajasthan.gov.in and log in using the SSO ID.
- Select the Scheme: Choose “Mukhyamantri Laghu Udhyog Protsahan Yojana.”
- Fill in the Application Formula: Enter all business and personal information.
- Upload documents: Include the documents you need.
- Submit and Monitor: Submit the application and monitor its status online.
How Subsidy Mantra Can Help
The process of applying for government schemes can be a challenge because of the many forms and requirements for documents. Subsidy Mantra can guide you with the entire application procedure. Our team can provide:- Checks for eligibility and expert advice
- Document preparation and support for submission
- Updates on the status of your application
- End-to-end guidance until the loan has been accepted