Mukhyamantri Laghu Udhyog Protsahan Yojana
Objectives
This scheme has been launched with the objective of providing subsidized loans through Financial Institution to facilitate the establishment of enterprises in the state and to provide new employment opportunities to all sections of the society.
Financial Institutions
Under the scheme, loans will be provided for manufacturing, service and business enterprises through financial institutions like (Nationalized Commercial Bank, Private Sector Scheduled Commercial Bank, Scheduled Small Finance Bank, Regional Rural Bank, Rajasthan Financial Corporation, SIDBI and Urban Cooperative Banks).
Type of Enterprise
Along with newly established enterprises, pre-established enterprise will also be eligible for expansion / diversification / modernization projects.
Applicants
Under the scheme Individual applicants as well as institutional applicants (self-help groups / societies / partnership firms / LLP firms / companies) will also be eligible. The establishment of the enterprise under the scheme will be Rajasthan State. The minimum age of the individual applicant shall be 18 years.
Loan Amount
Under the scheme, loan up to Rs. 10 crore will be available for new Manufacturing and Service Enterprises and Rs. 1 Crore for units going for expansion/diversification/ modernisation . The maximum limit of loan for business will be Rs. 1 crore. The nature of the loan will be composite loan, term loan and working capital (including CC Limit). As per RBI guidelines, collateral security will not be needed on loans upto Rs. 10 lakh.
Interest Subsidy
The Interest Subsidy will be granted to the beneficiaries on the loan provided by banks which will be payable as follows for five years:
S.No. |
Maximum Loan Amount |
Interest Subsidy |
1. |
Up to 25 Lakh |
8% |
2. |
25 Lakh to 05 Crore |
6% |
3. |
05 Crore to 10 Crore |
5% |
Process
Under the scheme the applications will have to be submitted online, whose process will be according to the guidelines prescribed for implementation of the Scheme. Loan applications up to Rs. 10 lakh can be forwarded directly to the banks without any interview and the loans above Rs. 10 lakh will be forwarded to the bank after being scrutinized by the District Level Task Force Committee.
Online Application
For online application you can go to the link https://sso.rajasthan.gov.in and go to the Citizen App and apply for scheme on MLUPY Icon.
For more details
Mukhyamantri Laghu Udhyog Protsahan Yojana
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