Mukhyamantri Aarthik Kalyan Yojana

Key facts

Benefit	₹15,000 one-time subsidy
Who	Scheduled Caste individuals, aged 18-55
How paid	Margin money assistance for project costs
Implemented by	MP State Cooperative Scheduled Caste Finance and Development Corporation
Official portal	mp.gov.in
Application window	Open all year for eligible applicants.

Benefits

Beneficiaries receive a one-time subsidy of up to ₹15,000, which constitutes 50% of the project cost for establishing new businesses. The maximum project cost eligible for assistance is ₹50,000.

Who can apply

Age 18–55
Category: SC
Resident of Madhya Pradesh
bpl
no government employee in family
not income tax payer

Applicants must be residents of Madhya Pradesh, belong to the Scheduled Caste category, and be aged between 18 and 55. Individuals who are government employees, income tax payers, or have previously received assistance under any government entrepreneurship scheme are not eligible.

How to apply

To apply for the scheme, visit the official website of the Mukhyamantri Aarthik Kalyan Yojana.

Visit the official website of the Mukhyamantri Aarthik Kalyan Yojana.
Click on the option to apply for the scheme.
Select the relevant department's scheme from the list provided.
Click on the 'sign up' option and fill in the required details.
Submit the sign-up form and log in using your credentials.
Complete the application form and submit it after verification.

Apply on the official website ↗

Documents required

Voter ID / Driving License / Aadhaar Certificate
Ration Card
Permanent Residence Certificate
Date of birth certificate
Disability certificate (if applicable)
SC certificate
Bank account details

Common problems and how to fix them

Problem	What to do
Application rejected	Ensure all eligibility criteria are met and required documents are submitted correctly.
Payment not received	Check with the bank regarding the status of the margin money assistance claim.

Frequently asked questions

What is the purpose of the Mukhyamantri Aarthik Kalyan Yojana?

The scheme aims to provide low-cost equipment and working capital to Below Poverty Line beneficiaries from the Scheduled Castes for establishing new businesses.

Who can apply for this scheme?

Eligibility is limited to residents of Madhya Pradesh who are members of the Scheduled Caste category and aged between 18 and 55 years.

What documents are required to apply?

Applicants need to provide a Voter ID or Driving License or Aadhaar Certificate, Ration Card, Permanent Residence Certificate, Date of Birth Certificate, SC Certificate, and bank account details.

Is there a limit on how many times one can apply?

An individual can receive assistance under this scheme only once.

What happens if a beneficiary defaults on loan repayment?

If a beneficiary defaults, the assistance provided may be recoverable as arrears of land revenue, and future assistance will not be granted.

Key terms explained

SC / ST / OBC: Official social categories — Scheduled Castes, Scheduled Tribes and Other Backward Classes — used for reservations and targeted welfare schemes.

Always confirm the latest details on the official portal before applying.