Shruti

Overview of the scheme Name of the scheme Chief Minister’s Small Industry Promotion Scheme. Starting date 17 December 2019. Benefit Loan ranging from Rs 25 lakh to Rs 10 crore for setting up an enterprise. Nodal Department Commissioner of Industries, Commerce & CSR. application system Online  through Rajasthan SSO Portal. About Mukhyamantri Laghu Udyog Protsahan Yojana was launched on 17 December 2019 by the Rajasthan State Government. Commissioner of Industries, Commerce and CSR, Government of Rajasthan is the nodal department of this scheme. This scheme has been launched with the aim of setting up enterprises in the state which will also provide job opportunities to all sections of the society. Under this scheme loans are provided through banks. Under this scheme, loan up to 10 crore rupees will be given for setting up an enterprise. The following benefits will be provided to the persons applying under the Chief Minister Small Scale Industry Promotion Scheme:- For loan amount up to Rs. 25 lakh – 8% interest subsidy. For loan amount up to Rs. 5 crore – 6% interest subsidy. For loan amount up to Rs. 10 crore – 5% interest subsidy. The loan will be repayable in 20 quarters over 60 months. Subsidy on loans will be given under the Chief Minister Small Industries Promotion Scheme. The following persons will be eligible for the Chief Minister Small Scale Industry Promotion Scheme:- Individual applicants as well as Institutional applicants (Self Help Groups/Societies/Partnership Firms/LLP Firms/Companies). The enterprises set up under this scheme will be in the state of Rajasthan. The minimum age of the individual applicant should be at least 18 years. The first phase of the scheme will be beneficial from 17 December 2019 to 31 March 2024. The loan will be provided for setting up new enterprises in the state and for expansion/diversification/modernization of previously established enterprises. The loan will be provided to the beneficiary through direct bank transfer. Benefits under the scheme The following benefits will be provided to the persons applying under the Chief Minister Small Scale Industry Promotion Scheme:- loan Interest Loan up to Rs 25 lakh 8% Loan up to Rs 5 crore 6% Loan up to Rs 10 crore 5% The loan will be repayable in 20 quarters over 60 months. Eligibility The following persons will be eligible for the Chief Minister Small Scale Industry Promotion Scheme:- Individual applicants as well as Institutional applicants (Self Help Groups/Societies/Partnership Firms/LLP Firms/Companies). The enterprises set up under this scheme will be in the state of Rajasthan. The minimum age of the individual applicant should be at least 18 years. Documents To avail the benefit of Mukhyamantri Laghu Udyog Protsahan Yojana, it is mandatory to have the following documents:- Aadhar card. Passport size photograph. Education Qualification Marksheet / Certificate. Caste certificate. Self certified project report. Bank statement related documents. Process The applicant can apply for Mukhyamantri Laghu Udyog Protsahan Yojana himself  through Rajasthan SSO portal .  First of all the applicant has to register himself on the Rajasthan SSO portal   After  registration , the applicant  will have to login to the portal with the login ID and password received. After logging  in, MLUPY will have to be selected on the portal. On the next page, click on the new application option in the menu option. Proceed further by following the given instructions. Now the application form will be available. All the information asked in the application form has to be filled. After filling all the information the application form has to be submitted. After the application is submitted, the application form will be verified by the concerned officer. After verification, the application form will be sent to the concerned officer for approval. The applicant will be notified once the application is approved. FAQs What is the Chief Minister Small Industries Promotion Scheme? The Chief Minister Small Industries Promotion Scheme is a government initiative aimed at supporting the growth and development of small industries in the state. It provides financial assistance, subsidies, and other benefits to small enterprises to help them expand their operations and contribute to the local economy. What kind of financial assistance is provided under the scheme? The scheme offers various forms of financial assistance, including subsidies on loans, grants for technology upgrades, and support for infrastructure development. The exact amount and type of assistance depend on the nature of the business and its specific needs.