MP govt launches scheme to give loan up to Rs 50-L for self-employment

Madhya Pradesh Chief Minister Shivraj Singh Chouhan launched the 'Udyam Kranti Yojana' on Tuesday with the goal of facilitating young self-employment.

The state government will provide a credit guarantee of Rs 1 lakh to Rs 50 lakh for self-employment, along with interest rate subsidies. In the fiscal year 2022-23, a goal has been set to help one lakh youth. The State Chief Minister Shivraj Singh Chauhan said:-"We would guarantee bank loans for self-employment worth Rs 140 crores. We're working hard to get as many young people into government positions as possible. Apart from that, we are attempting to attract investment. Madhya Pradesh alone has done Rs 40,000 crore in exports. We'll also introduce a state-wide startup strategy "During the launch of the scheme.

The Madhya Pradesh government has granted loans and subsidies to 16 lakh people for self-employment, according to Madhya Pradesh Home Minister Narottam Mishra. Mishra went on to say that the state cabinet has decided to build the country's largest medical gadget park on 360 acres in Ujjain. Madhya Pradesh will have its assembly elections in 2023.

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