Tired of Hard Labor? Launch Your Business with a 50 Lakh Government Loan, No Guarantee Needed

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Start Your Business: MP Govt Offers Collateral-Free Loans Up To 50 Lakh With 3% Subsidy

Start Your Business: MP Govt Offers Collateral-Free Loans Up To 50 Lakh With 3% Subsidy

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News18•06-03-2026, 10:00

Start Your Business: MP Govt Offers Collateral-Free Loans Up To 50 Lakh With 3% Subsidy

•Madhya Pradesh government's Mukhyamantri Udyam Kranti Yojana provides financial aid for youth to start businesses.
•Loans up to 50 lakh (industrial) and 25 lakh (service/business) are available without collateral through banks.
•The state government offers a 3% interest subsidy for a maximum of 7 years, directly transferred to the beneficiary's account.
•Eligibility: Age 18-45, MP resident, family income under 12 lakh, not a bank defaulter.
•Required documents include Aadhaar, domicile, income certificate, PAN, bank details, and a business plan report.

Read Full Article on News18 in Hindi

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