What is Mukhya Mantri Yuva Udyami Yojana? This is a self-employment and entrepreneurship support scheme launched by the Government of Madhya Pradesh under the Department of Micro, Small & Medium Enterprises. Its aim is to help youth and new entrepreneurs start their own industrial or business ventures. Who is it for? Youth and aspiring entrepreneurs who want to establish their own industry or enterprise in Madhya Pradesh.Financial Support OfferedLoans ranging from approximately ₹10,00,000 up to ₹2,00,00,000 (depending on project size and category).Margin money assistance: A percentage of the project cost is provided as support (e.g., ~15% for general category, higher for BPL).Interest subsidy: Beneficiaries receive an interest subsidy (e.g., ~5% per annum for general applicants, beneficial rates for women entrepreneurs) for a specified period. Eligibility (Typical Criteria) Applicant should be a resident of Madhya Pradesh.Minimum age usually 18 years and above.Basic educational qualification (e.g., at least 10th pass).Project should involve setting up an industry or business. How it Helps Reduces financial barriers for young entrepreneurs.Offers structured loan assistance with subsidy and support.Encourages self-employment, job creation and industrial growth in the state. Important This scheme is specific to Madhya Pradesh.For exact application steps, eligibility conditions and forms, users should visit the official scheme page on the myScheme portal or the Government of Madhya Pradesh MSME department website once the page loads correctly.