Mukhya Mantri Swarojgar Yojana was a Madhya Pradesh self-employment loan scheme that gave bank loans from ₹50,000 to ₹10 lakh with margin money support and interest subsidy. As of August 2026, fresh applications under this scheme are not taken. Madhya Pradesh government merged it into Mukhyamantri Udyam Kranti Yojana through a gazette notification dated 29 November 2021, and all new self-employment loan applications now go through that single scheme at msme.mponline.gov.in.
Notice for readers: Mukhya Mantri Swarojgar Yojana has been closed and merged. Mukhyamantri Yuva Udyami Yojana and Mukhyamantri Krishak Udyami Yojana were merged in the same order. If you want a business loan in Madhya Pradesh now, apply under Mukhyamantri Udyam Kranti Yojana. Details of both the old scheme and the running replacement are given below.
Mukhya Mantri Swarojgar Yojana - What It Offered
Started on 1 August 2014 by Micro, Small and Medium Enterprises Department, this scheme helped small traders, service providers and first-time business owners in Madhya Pradesh get bank loans between ₹50,000 and ₹10 lakh. Along with the loan, applicants got margin money support, interest subsidy, loan guarantee cover and basic business training. Repayment ran from 6 months up to 7 years.
Margin money support depended on the category of the applicant. General category applicants got 15% of the project cost up to ₹1 lakh. People from BPL families, SC, ST, OBC (non-creamy layer), women, minority and disabled applicants got 30% up to ₹2 lakh. Liberated nomad and semi-nomadic tribe applicants got 30% up to ₹3 lakh, and Bhopal gas victims got an extra 20% up to ₹1 lakh.
Interest subsidy under the old scheme was 5% a year, and 6% a year for women running the unit, for up to 7 years, with a cap of ₹25,000 per year. Eligibility was simple. Permanent resident of Madhya Pradesh, class 5th pass, age between 18 and 45 years, family not paying income tax, and no loan default with any bank. Benefit was once in a lifetime, and people already getting money help from another self-employment scheme were not covered.
Highlights of Old and New Scheme
| Detail | Information |
|---|---|
| Old Scheme Name | Mukhya Mantri Swarojgar Yojana (started 1 August 2014) |
| Current Status | Closed for new applications, merged from 29 November 2021 |
| Running Replacement | Mukhyamantri Udyam Kranti Yojana |
| State | Madhya Pradesh |
| Main Department | Micro, Small and Medium Enterprises Department |
| Old Loan Range | ₹50,000 to ₹10 lakh |
| New Loan Range | ₹1 lakh to ₹50 lakh, without security |
| New Interest Subsidy | 3% a year for 7 years |
| Age Limit Now | 18 to 40 years |
| Official Website | msme.mponline.gov.in |
| Help Number | 0755-6720200 |
Mukhyamantri Udyam Kranti Yojana - Scheme Running Now
Madhya Pradesh government launched Mukhyamantri Udyam Kranti Yojana and brought three older self-employment schemes under it. Loan size here is much bigger. Eligible people can get ₹1 lakh to ₹50 lakh as a bank loan without giving any property as security. Government pays 3% interest subsidy every year for up to 7 years, and also pays the CGTMSE guarantee fee, so that cost does not fall on the applicant.
Who can apply has also changed from the old rules. Applicant should be a permanent resident of Madhya Pradesh, aged 18 to 40 years, and at least 12th pass, with a relaxation to 8th pass in some sectors. Yearly family income should stay under ₹12 lakh. Only a new business unit is covered, not an already running one, and Udyam Registration is required. Bank defaulters and people who already took a loan under another government scheme are not covered.
How to Apply Online
STEP 1 - Open the official MSME portal at msme.mponline.gov.in and find the Mukhyamantri Udyam Kranti Yojana link on the home page.
STEP 2 - Click on Registration, enter your Aadhaar number and mobile number, and finish the OTP based eKYC.
STEP 3 - Log in and fill your profile with personal details, education details, and your business plan with the place where the unit will run.
STEP 4 - Upload the DPR, that is the project report of your business. Most applications get rejected because of a weak project report, so take free help from your nearest District Industries Centre before uploading.
STEP 5 - Upload the required documents, submit the form, and note down the application number shown on the screen.
STEP 6 - Your file goes to the District Industries Centre and then to the bank. Track it by logging in again and opening My Applications, where the status shows as submitted, under review, bank forwarded, sanctioned or rejected.
Documents Needed
Keep scanned copies ready before you sit down to fill the form, because the portal asks for them in one go.
- Aadhaar card, used for eKYC at the time of registration
- PAN card of the person applying for the loan
- Domicile certificate as proof that you live in Madhya Pradesh
- Class 12th mark sheet as education proof, or class 5th mark sheet for old scheme records
- Income certificate showing family income under ₹12 lakh a year
- Bank passbook with last 6 months statement
- Udyam Registration certificate, which is free at udyamregistration.gov.in
- Project report of the business and a recent passport size photo
References
Official orders and rule books are given below for checking the details yourself.
- Self Employment Schemes page, MP MSME Department
- Udyam Kranti Yojana Guidelines
- Gazette Notification of Merger
- Revised Scheme Booklet 2026
- Old Swarojgar Yojana Guidelines
- Self Employment Scheme Order
FAQ's
Is Mukhya Mantri Swarojgar Yojana still running in 2026?
No. It was merged into Mukhyamantri Udyam Kranti Yojana from 29 November 2021, and the portal does not take fresh applications under the old scheme name.
Which scheme should be used now for a business loan in Madhya Pradesh?
Apply under Mukhyamantri Udyam Kranti Yojana at msme.mponline.gov.in. It covers the same kind of applicants with a bigger loan limit.
How much loan is given under the new scheme?
₹1 lakh to ₹50 lakh, without giving property as security, along with 3% interest subsidy every year for up to 7 years.
What is the age limit now?
18 to 40 years, with minimum qualification of 12th pass, and 8th pass in a few sectors.
Is there any income limit?
Yes. Yearly family income should be below ₹12 lakh, and the applicant should not be a bank defaulter.
Why do most applications get rejected?
Weak or half-filled project reports. Get the report checked at your District Industries Centre before uploading, then apply again if rejected.
Is there a help number?
Yes, 0755-6720200 works for portal and application related questions.