HomeSchemesMP Mukhyamantri Arthik Kalyan Yojana (MMAKY)- Purpose, and benefits- Know in Detail

MP Mukhyamantri Arthik Kalyan Yojana (MMAKY)- Purpose, and benefits- Know in Detail

Overview of MP Mukhyamantri Arthik Kalyan Yojana

MP Mukhyamantri Arthil Kalyan Yojana This scheme would help the beneficiaries set up their business or industry. The financial assistance of a maximum of Rs 50000 will be provided to them to do the useful. MP Mukhyamantri Arthik Kalyan Yojana, as the name itself suggests, was for the economic welfare of the people who are of the poor working class. This scheme was for those who did not have any employment measures to sustain their lives. Under this scheme, the MP government provides funds for assistance that could help poor people start their own businesses and become self-employed.

Benefits of the MP Mukhyamantri Arthik Kalyan Yojana

  • The registered beneficiary would be provided with the sum of Rs 50000.
  • 50% of the project cost, or the maximum of Rs 15000, is provided.
  • This scheme is offered to the beneficiaries free of charge.
  • Poor people would be provided with assistance.
  • This scheme would encourage the poor to work harder for a good living.
  • It helps the economic welfare of the state by helping poor and BPL people.
  • This scheme would increase the employment rate in the state of Madhya Pradesh.

Purpose of MP Mukhyamantri Arthik Kalyan Yojana

The main objective of the MP Mukhyamantri Arthik Kalyan Yojana is to provide low-cost equipment and working capital to the beneficiaries. The beneficiaries of this scheme are the scheduled castes who belong to the BPL category. Beneficiaries are provided with 50 percent of the project cost, or $15,000, whichever is less. To register yourself for this scheme, you need to visit the official website, click on candidate self-registration, and proceed forward. You need to fill in all the details, attach the necessary documents, and submit them over there.

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ELIGIBILITY 

  • It is mandatory for the applicant to be a permanent resident of Madhya Pradesh.
  • The age of the applicant should be between 18 to 55 years.
  • If the applicant is availing the benefit of any other self-employment scheme then he cannot avail the benefit of the scheme.
  • The applicant should not be a defaulter of any nationalized bank or financial institution or cooperative institution.

Documents Required

  • aadhar card bank
  • Photocopy of passbook
  • Address proof
  • caste certificate
  • Voter ID Card
  • Ration card
  • proof of age
  • passport size photograph
  • mobile number

How to Apply

  • First of all you have to go to the official website of the Chief Minister Economic Welfare Scheme.
  • Now the home page will open in front of you.
  • On the home page you will have to click on the link to apply under the Chief Minister Economic Welfare Scheme.
  • Now the list of departments will appear in front of you.
  • You have to select the department as per your requirement.
  • After this, a new page will open in front of you in which you will have to go to the sign up section.
  • Now you will have to enter all the important information like your email ID, mobile number, password etc.
  • After this you will have to click on the Sign Up Now button.
  • In this way you will be able to apply.

Important Links

https://msme.mponline.gov.in/

Contact Details

N/A

FAQ

  1. Who can apply in this Scheme?

    Only the citizens of MP are eligible to apply in this scheme.

  2. Is Aadhar Card Required for this Scheme?

    Yes Aadhar Card Required for this Scheme.

  3. How to Find Other Government Schemes?

    Go to our website’s search section and then search with the scheme name.

  4. Is Bank Account details required for this Scheme?

    Yes Bank Account details required for this Scheme?

  5. Is Passport size photo required for this Scheme?

    Yes Passport size photo required for this Scheme?

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Conclusion

The Chief Minister’s Economic Welfare Scheme, commonly known as the Madhya Pradesh Mukhyamantri Arthik Kalyan Yojana, is a crucial program in the Indian state of Madhya Pradesh. Economically disadvantaged families are intended to benefit financially from this program, especially during times of crisis or unanticipated calamities. This program provides financial aid to qualifying beneficiaries to pay for necessary requirements including medical bills and tuition. The Mukhyamantri Arthik Kalyan Yojana aims to improve the standard of living for underprivileged populations while also easing financial burdens and advancing social welfare. It acts as a safety net for individuals who are struggling financially and demonstrates the government’s dedication to welfare in the state and inclusive growth.

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