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Mukhyamantri Laghu Udhyog Protsahan Yojana

This scheme has been launched with the objective of providing subsidized loans through banks to facilitate the establishment of enterprises in the state and to provide new employment opportunities to all sections of the society.

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Who can apply?

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 or more.
Along with newly established enterprises, pre-established enterprise will also be eligible for expansion / diversification / modernization projects.

How to apply?

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.
For online application you can go to https://sso.rajasthan.gov.in and go to the Citizen App and apply for scheme on MLUPY Icon.

Whom to contact?

Nodal Officer : General Manager (Admn.),
Email : rsamb@rajasthan.gov.in
Address : Rajasthan State Agricultural Marketing Board,
Pant Krishi Bhawan, Janpath, Jaipur
Pin : 302005 (Rajasthan)
Phone : 0141 – 2227336

Type of Enterprise

Modified MDA (MMDA) shall be allowed @ 30% on the Prime cost of Khadi (cotton, silk, woollen) and Polyvastra

Loans Will Be Provided To

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 and SIDBI).

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:

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.