The Mukhya Mantri Swavlamban Yojana (MMSY) is a scheme launched by the Government of Himachal Pradesh to promote self-employment among the youth of the state. It aims to provide financial assistance and other support services to aspiring entrepreneurs to help them set up their own businesses.
Here are some of the key features of the Mukhya Mantri Swavlamban Yojana:
- Eligibility: The scheme is open to young permanent residents of Himachal Pradesh between the ages of 18 and 35 years.
- Financial Assistance: The scheme provides subsidized loans of up to Rs. 50 lakh to eligible candidates. The interest rate on the loan is subsidized by the government.
- Subsidies: The scheme also offers subsidies on various other expenses, such as stamp duty, registration fee, and project cost.
- Training and Support: The scheme provides training and support services to beneficiaries to help them develop their business skills and knowledge.
Benefits of the Mukhya Mantri Swavlamban Yojana:
- Promotes self-employment and entrepreneurship among the youth of Himachal Pradesh.
- Creates new job opportunities in the state.
- Boosts the economic development of Himachal Pradesh.
How to Apply for the Mukhya Mantri Swavlamban Yojana:
The application process for the Mukhya Mantri Swavlamban Yojana is online. Interested candidates can visit the official website of the scheme (https://mmsy.hp.gov.in/) and register themselves. They can then apply for the scheme online by submitting the required documents.
Here are some additional details about the Mukhya Mantri Swavlamban Yojana:
- The scheme was launched in 2019.
- The government has allocated Rs. 500 crore for the scheme in the 2023-24 budget.
- As of March 2023, over 10,000 applications have been received under the scheme.
The Mukhya Mantri Swavlamban Yojana is a welcome step by the Government of Himachal Pradesh to promote self-employment and entrepreneurship among the youth of the state. The scheme has the potential to create new job opportunities and boost the economic development of the state.
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