MAKY
Mukhyamantri Aarthik Kalyan Yojana
6.2/10Launched on 1st August 2014 by the Department of Industrial Policy and Investment Promotion, the Mukhyamantri Aarthik Kalyan Yojana aims to empower individuals from the Scheduled Caste category in Madhya Pradesh by providing financial assistance for entrepreneurship. Eligible applicants, who must be native to Madhya Pradesh and aged between 18 to 55 years, can receive margin money assistance of up to ₹15,000, which constitutes 50% of the total project cost, capped at ₹50,000. The scheme is designed to support the establishment of new industries and businesses, with a repayment period of five years following an initial six-month moratorium. Importantly, individuals who are already receiving assistance from other government self-employment schemes are not eligible for this program. This initiative not only fosters economic welfare but also aims to uplift those below the poverty line, thereby contributing to the broader goal of financial inclusion.
States / UT: Madhya Pradesh
Nodal department: Industrial Policy and Investment Promotion Department
Scheme for: Individual
Scheme profile
Scheme open date: 2014-08-01
Categories: Business & Entrepreneurship, Banking,Financial Services and Insurance
Sub-categories: Setting up / start-up / entrepreneurship, Loan
Target beneficiaries: Individual
Tags: Scheduled Caste, Below Poverty Line, Loan, Financial Assistance, Economic Welfare
Details
The scheme “Mukhyamantri Aarthik Kalyan Yojana” was launched by the Department of Industrial Policy and Investment Promotion, Government of Madhya Pradesh on 1st August 2014. The objective of the scheme is to provide low-cost equipment and/or working capital to the Below Poverty Line (BPL) category beneficiaries of Scheduled Castes. The benefit of the scheme will be given for the establishment of new industries/businesses etc.
Implementation of the scheme:
The nodal agency for the implementation of the scheme will be the Managing Director, MP State Cooperative Scheduled Caste Finance and Development Corporation Limited, Bhopal, and the Chief Executive Officer/Executive Officer of the scheme through the District Endeavour Cooperative Development Committees. Appropriate financial provision for the scheme will be made by the Scheduled Caste Welfare Department in its departmental budget, and accordingly the physical and financial targets will be decided by the District-wise Managing Director, Madhya Pradesh State Cooperative Scheduled Castes Finance and Development Corporation Limited, Bhopal.
Financial Flows:
After disbursement of the loan and establishment of the unit, the amount of margin money assistance and interest subsidy will be claimed by the bank branch on the project cost to the Chief Executive Officer/Executive Officer, District Antyavasayi Sahakari Vikas Samiti limited, district-related.
Miscellaneous:
- Bank means all nationalized banks, cooperative banks, and regional rural development banks.
- Criminal action can be taken against the beneficiary for wrong/misleading information or for receiving assistance in the wrong way.
- In case of default in repayment/payment of loan/interest by the beneficiary, the assistance given earlier under the scheme will be recoverable like arrears of land revenue and in the said situation the assistance given in the future will also not be payable.
- Managing Director, Madhya Pradesh State Cooperative Scheduled Castes Finance and Development Corporation Limited, Bhopal will be competent for interpretation/amendment of the scheme.
Definitions:
- The sum of capital cost and working capital is the project cost.
- The facility provided by the government in the form of the contribution of the beneficiary in the establishment of the project is called margin money assistance.
- 6 months after starting the venture, the initial suspension of the debt recovery proceedings (called moratorium).
Benefits
- 1. The maximum cost of the project under this scheme will be ₹50000/-. 1. Under this scheme the margin money assistance at 50% of the project cost (maximum ₹15 000/-) will be payable by the government to the beneficiary. 1. The minimum period of the initial moratorium will be 6 months and after the initial moratorium the loan repayment will be in 5 years
- The maximum cost of the project under this scheme will be ₹50000/-.
- Under this scheme, the margin money assistance at 50% of the project cost (maximum ₹15,000/-) will be payable by the government to the beneficiary.
- The minimum period of the initial moratorium will be 6 months and after the initial moratorium, the loan repayment will be in 5 years.
Eligibility
- The applicant should be a native of Madhya Pradesh.
- The applicant should be a member of the Scheduled Caste category.
- The age of the applicant should be between 18 to 55 years as of the date of application.
- The applicant should not be a defaulter/insolvent defaulter of any nationalized bank/financial institution/cooperative bank.
- If a person is receiving assistance under any government entrepreneur/self-employment scheme, he will not be eligible under this scheme.
- The applicant will be eligible for assistance under this scheme only once.
Note 01: The working area of the scheme will be the entire Madhya Pradesh (that is, the benefit of the scheme will be given only to those enterprises which are established within the Madhya Pradesh limits).
Note 02: The scheme will be for the industry/service business sector.
How useful is this scheme?
A practical look at this scheme for citizens
AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.
- Accessibility5.0
- Financial impact8.0
- Rural utility7.0
- Awareness5.5
- Simplicity4.0
- Inclusivity6.0
What problem does this scheme solve?
The Mukhyamantri Aarthik Kalyan Yojana provides essential financial support for Scheduled Caste individuals in Madhya Pradesh, promoting entrepreneurship and economic welfare.
Key challenges addressed
- Financial assistance for entrepreneurship
- Support for Below Poverty Line individuals
Most beneficial for
- Scheduled Caste individuals
- Low-income entrepreneurs
Likely challenges
- Digital literacy requirements
- Awareness of the scheme
Practical insights for citizens
Practical for those with access to digital resources
Rural challenges
- Limited internet access
- Lack of awareness
Digital challenges
- High digital dependency for application
- Need for digital literacy
Implementation bottlenecks
- Potential delays in fund disbursement
- Verification of eligibility
Awareness challenges
- Low awareness among target beneficiaries
Application analysis
- Application mode
- Online portal
- Documents burden
- Minimal, specific documents not listed
- Verification complexity
- Moderate, requires eligibility checks
- Office dependency
- Low, primarily online
- DBT dependency
- None specified
- CSC support
- Not mentioned
- Estimated citizen effort
- Moderate, requires online navigation
Estimated beneficiary reach
Benefit analysis
- Benefit type
- Cash
- Benefit frequency
- One-time assistance
- Benefit practicality
- Useful for starting small businesses
- Financial meaningfulness
- Moderate, as it covers only part of project costs
- Long-term impact
- Potentially significant if businesses succeed
Plain-language guidance
This scheme helps Scheduled Caste individuals in Madhya Pradesh start their own businesses by providing financial assistance. Applicants can receive up to ₹15,000 to support their entrepreneurial efforts.
- Who should apply
- Scheduled Caste individuals aged 18-55 from Madhya Pradesh.
- Who may struggle
- Those with low digital literacy or limited internet access.
- Best application route
- Apply online through the official website.
This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.
Application Process
Online
Sign-Up Process:
Step 01: To apply under the Scheme, the applicant should visit the Official Website.
Step 02: On the home page, the applicant will have the option to Apply for the Mukhyamantri Aarthik Kalyan Yojana, click on it.
Step 03: After clicking on apply, a list of departments related to the scheme appears.
Step 04: Select the concerned department’s scheme and click on it.
Step 05: A new page will open and click on the “sign up” option. Further, fill in all the mandatory details and click on the option of “Sign up now”.
Login Process:
Step 01: The applicant needs to visit the Official Website. On the home page, the applicant has to click on the “Mukhyamantri Aarthik Kalyan Yojana”.
Step 02: Now, the applicant may select the department scheme under which he/she wants to apply.
Step 03: After this, a new login page will open and the applicant may login by using their credentials. Further, click on the submit option.
Step 04: Now, fill out the application form completely and submit the form after full verification.
Clarifications
Additional points from the scheme information published on myScheme (not legal advice).
- What is the objective of the scheme?
The objective of the scheme is to provide low-cost equipment and/or working capital to the BPL category beneficiaries of Scheduled Castes. The benefit of the scheme will be given for the establishment of new industries/businesses etc.
- Which department has launched this scheme?
Department of Industrial Policy and Investment Promotion, Government of Madhya Pradesh
- When was this scheme launched?
This scheme was launched on 1st August 2014.
- Who is eligible to get the benefits of the scheme?
The applicant of the BPL category beneficiaries of Scheduled Castes is eligible to apply under the scheme.
- Is this scheme only for a resident of Madhya Pradesh?
Yes, the applicant should be a permanent resident of Madhya Pradesh.
- What is the benefit of the scheme?
Under this scheme, the margin money assistance at 50% of the project cost (maximum ₹15,000/-) will be payable by the government to the beneficiary.
- What is the maximum cost of the project under this scheme?
The maximum cost of the project under this scheme will be ₹50000/-.
- What should be the minimum period of the initial moratorium?
The minimum period of the initial moratorium will be 6 months and after the initial moratorium, the loan repayment will be in 5 years.
- How many times the applicant can avail of the benefits of the scheme?
The applicant will be eligible for assistance under this scheme only once.
- What is the age criterion under the scheme?
To get the benefits of the scheme, the age of the applicant should be between 18 to 55 years as of the date of application.
- Who are excluded under the scheme?
If a person is receiving assistance under any government entrepreneur/self-employment scheme, he will not be eligible under this scheme.
- How can an applicant apply under the scheme?
To get the benefits of the scheme, the applicant needs to apply online through the official website. https://msme.mponline.gov.in/Portal/Services/msme2019/landing.html
Official links
- https://www.myscheme.gov.in/schemes/maky
- https://mpmsme.gov.in:8080/mpmsmecms/Uploaded%20Document/Documents/MM%20Arthik%20Kalyan%20Yojana-2014.pdf
- https://dindori.nic.in/scheme/%E0%A4%AE%E0%A5%81%E0%A4%96%E0%A5%8D%E0%A4%AF%E0%A4%AE%E0%A4%82%E0%A4%A4%E0%A5%8D%E0%A4%B0%E0%A5%80-%E0%A4%86%E0%A4%B0%E0%A5%8D%E0%A4%A5%E0%A4%BF%E0%A4%95-%E0%A4%95%E0%A4%B2%E0%A5%8D%E0%A4%AF%E0%A4%BE/
References
- Notification
- https://mpmsme.gov.in:8080/mpmsmecms/Uploaded%20Document/Documents/MM%20Arthik%20Kalyan%20Yojana-2014.pdf
- Official Website
- https://dindori.nic.in/scheme/%E0%A4%AE%E0%A5%81%E0%A4%96%E0%A5%8D%E0%A4%AF%E0%A4%AE%E0%A4%82%E0%A4%A4%E0%A5%8D%E0%A4%B0%E0%A5%80-%E0%A4%86%E0%A4%B0%E0%A5%8D%E0%A4%A5%E0%A4%BF%E0%A4%95-%E0%A4%95%E0%A4%B2%E0%A5%8D%E0%A4%AF%E0%A4%BE/
Apply
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Frequently asked questions
- What is the purpose of Mukhyamantri Aarthik Kalyan Yojana?
- Mukhyamantri Aarthik Kalyan Yojana is a government welfare initiative designed to support Individual, Individual through benefits related to Business & Entrepreneurship, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
- Who can apply for Mukhyamantri Aarthik Kalyan Yojana?
- Eligibility for Mukhyamantri Aarthik Kalyan Yojana may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
- What benefits are offered under Mukhyamantri Aarthik Kalyan Yojana?
- Benefits under Mukhyamantri Aarthik Kalyan Yojana may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
- Which department manages Mukhyamantri Aarthik Kalyan Yojana?
- Mukhyamantri Aarthik Kalyan Yojana is managed by Industrial Policy and Investment Promotion Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
- Can users apply online for Mukhyamantri Aarthik Kalyan Yojana?
- Yes, eligible applicants may be able to apply online for Mukhyamantri Aarthik Kalyan Yojana through official government portals, authorised service centres, or digital application systems depending on the implementation process.
- Is Aadhaar mandatory for Mukhyamantri Aarthik Kalyan Yojana?
- Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
- Where can users apply for Mukhyamantri Aarthik Kalyan Yojana?
- Applications for Mukhyamantri Aarthik Kalyan Yojana may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
- What documents may be required for Mukhyamantri Aarthik Kalyan Yojana?
- Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
- Is Mukhyamantri Aarthik Kalyan Yojana available in all states?
- No, Mukhyamantri Aarthik Kalyan Yojana is primarily available for eligible residents of Madhya Pradesh and may be implemented through state government departments and local administrative offices.
- Can residents outside Madhya Pradesh apply for Mukhyamantri Aarthik Kalyan Yojana?
- Eligibility for Mukhyamantri Aarthik Kalyan Yojana is generally limited to residents of Madhya Pradesh unless otherwise specified in the official scheme guidelines.
- Does Mukhyamantri Aarthik Kalyan Yojana provide healthcare or insurance support?
- Mukhyamantri Aarthik Kalyan Yojana may provide healthcare assistance, insurance coverage, cashless treatment support, medical reimbursement, or hospital-related benefits depending on the scheme structure.
- Can beneficiaries use Mukhyamantri Aarthik Kalyan Yojana at government hospitals?
- Eligible beneficiaries may be able to access services at empanelled hospitals, government healthcare facilities, or authorised healthcare providers depending on scheme participation rules.
- Does Mukhyamantri Aarthik Kalyan Yojana provide business loan or startup assistance?
- Mukhyamantri Aarthik Kalyan Yojana may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.
- Is collateral required under Mukhyamantri Aarthik Kalyan Yojana?
- Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.
- Can CSC centres help users apply for Mukhyamantri Aarthik Kalyan Yojana?
- Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
- How can users check the latest updates for Mukhyamantri Aarthik Kalyan Yojana?
- Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
- Are there deadlines for applying to Mukhyamantri Aarthik Kalyan Yojana?
- Some schemes may operate through fixed application windows, annual registration cycles, or department-specific deadlines depending on scheme implementation policies.
- Can beneficiaries track application status for Mukhyamantri Aarthik Kalyan Yojana?
- Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
- Where can users get help for Mukhyamantri Aarthik Kalyan Yojana in Madhya Pradesh?
- Users in Madhya Pradesh may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
- Which nearby public services may help with Mukhyamantri Aarthik Kalyan Yojana applications?
- Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.