CM Youth Entrepreneurship Scheme
The benefit of the scheme will be payable only for the installation of new entrepreneurs. There will also be provision for training under the scheme under the scheme. The provisions related to the qualification and financial assistance of the Chief Minister Youth Udyam Yojana will be as under: –
Project cost: Rupees 10 lakh to 01 crore
Eligibility: (A) Age 18 to 40 years, (B) Educational Qualification Minimum Tenth Class Passed, (C) Income limit no restriction
Financial Assistance: (A) 15% of the capital cost of margin money assistance project (maximum Rs.12 lakh), (B) Interest subsidy at the rate of 5 percent per year at registered cost, up to a maximum of 7 years, (C) Guaranteed Fee (CGT), at the prevailing rate, will not be eligible for this planned commercial activity up to a maximum of 7 years.
Training : All necessary actions are taken by departments related to the permission of the Finance Department by making a complete plan in relation to arrangements for the training.