Under the Mukhyamantri Udyam Kranti Yojana, the MP government pays 3% a year of the interest on your bank loan for up to 7 years. On a ₹10 lakh loan that is about ₹1.2–1.25 lakh in total. Enter your loan below for your exact figure. Free, no login.
Udyam Kranti Yojana: Interest Subsidy Calculator
Enter your loan. See the 3% interest subsidy each year, the 7-year total, your EMI and the interest you really pay. हिंदी में: उद्यम क्रांति योजना कैलकुलेटर
Free estimate, not an approval. Mukhyamantri Udyam Kranti Yojana (MSME Department, Madhya Pradesh): 3% a year interest subsidy and the bank loan guarantee fee, for up to 7 years; age 18–45, at least Class 8 pass, family income up to ₹12 lakh. Rules checked 11 Oct 2026.
Example: ₹10 lakh loan for a spice-packing unit
A 28-year-old in Bhopal (Class 12 pass, family income ₹4 lakh) takes ₹10 lakh at 11% for 7 years with a 6-month moratorium for a manufacturing unit. EMI is about ₹18,002. The subsidy is about ₹29,665 in year 1 and ₹1,25,217 over 7 years. Of ₹4,59,131 bank interest she really pays about ₹3,33,913: roughly 8% instead of 11%. The state also refunds about ₹17,000 of CGTMSE guarantee fee.
Rules at a glance
| Rule | |
|---|---|
| Department | MSME Department, Madhya Pradesh |
| Manufacturing | Project ₹1 lakh to ₹50 lakh |
| Service / business | Project ₹1 lakh to ₹25 lakh |
| Interest subsidy | 3% a year on the outstanding loan |
| Period | Up to 7 years (incl. moratorium) or the loan term, whichever is shorter |
| Guarantee fee | Bank loan guarantee fee (CGTMSE) reimbursed, up to 7 years |
| NPA | No subsidy while NPA |
| Eligibility | MP resident, 18–45, Class 8 pass, family income ≤ ₹12 lakh, not a defaulter, new unit |
Documents
- Aadhaar and Samagra ID
- MP domicile certificate
- Mark sheet (at least Class 8)
- Project report
- Bank passbook
- Caste certificate (SC / ST / OBC)
- Income certificate / ITR if filed
How to apply
- Choose your project and get a project report (manufacturing ₹1–50 lakh, service / business ₹1–25 lakh).
- On the SAMAST portal (samast.mponline.gov.in) choose Mukhyamantri Udyam Kranti Yojana, create a new profile and log in with your mobile number.
- Fill in the form, pick a bank branch and upload scanned documents (an MP Online kiosk can do it for you).
- The District Trade & Industry Centre (DTIC) checks it and sends it online to the bank, which decides within 6 weeks.
- After the loan, the bank claims the interest subsidy and guarantee fee from DTIC every year; the money goes straight to your loan account. Pay EMIs on time so the account does not turn NPA.
Official: MP CM Helpline scheme page · Apply: samast.mponline.gov.in.
Frequently asked questions
How much interest subsidy does Udyam Kranti Yojana give? 3% a year on the bank loan for up to 7 years, including the moratorium. It is worked out on the outstanding loan, so it falls each year. On ₹10 lakh at 11% for 7 years it is about ₹1.2–1.25 lakh in total.
What is the age limit? 18 to 45 years under the current rules (MP CM Helpline and district portals). The 2021 announcement said 18–40 and Class 12 pass; now Class 8 pass is enough.
Is the subsidy paid if the loan turns NPA? No. No interest subsidy is paid for the period the loan account is NPA.
Who pays the CGTMSE guarantee fee? The scheme also reimburses the bank loan guarantee fee for up to 7 years. CGTMSE charges 0.37% a year up to ₹10 lakh and 0.55% for ₹10–50 lakh (from 1 April 2025); your bank’s rate can differ slightly.
Where do I apply? Online on samast.mponline.gov.in. The application goes through the District Trade & Industry Centre to the bank.
Sources: MP CM Helpline scheme 915; Dhar district portal 2024-25 notice; mpinfo.org district news 2024–25; CGTMSE fee rates from 1 Apr 2025. Rules checked 11 Oct 2026. Estimate, not approval.
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