Loans to be provided to 5 lakh youths in state


Lands to be identified for industries of young entrepreneurs
CM Chouhan at state-level self employment convention
Bhopal :Chief Minister Shivraj Singh Chouhan has said that under Chief Minister’s Self Employment Scheme and Pradhan Mantri Mudra Yojana, loans will be provided to 5 lakh youths in the state this year. Lands will be identified for industries of young entrepreneurs in every district.

Chouhan was addressing a state-level self employment convention here today. Panchayats & Rural Development Minister  Gopal Bhargava, Animal Husbandry, Cottage and Village Industries & Environment Minister  Antar Singh Arya, Urban Development and Housing Minister Smt. Maya Singh, Minister of State for MSME (Independent charge)  Sanjay Pathak, Minister of State for Backward Classes & Minorities Welfare and Woman and Child Development Smt. Lalita Yadav and Chief Secretary  Anthony de Sa were present on the occasion.

The Chief Minister said that loans upto Rs. one crore will be provided to 10,000 youths this year to set up industrial units under Mukhyamantri Yuva Udyami Yojana and Central government’s Start-Up Project. Amount of loan under Mukhyamantri Arthik Kalyan Yojana will be increased from Rs. 20 thousand to Rs. 50 thousand. Limit of loan under Mukhyamantri Swarozgar Yojana will also be increased from Rs. 50 thousand upto Rs. 10 lakh. Beneficiary Guarantee Card will be issued under this scheme. Land diversion process will be simplified for youths who set up industries on their own land. Minimum one small industry will be established in every panchayat. Young entrepreneurs will be provided training and marketing facilities. Unemployment will be removed by laying a network of small and cottage industries throughout state.

The Chief Minister urged youths to become employers and not job seekers. He said that one who is enterprising succeeds. Last year, loans were provided to 71 thousand youths in the state. These youths have provided jobs to a number of people in their small industries. He said that youths should fulfill their dreams and contribute to state and country’s success. They should work with passion and dedication. Government will remove all hurdles in their way.

Central Bank of India’s ED  R.P. Lodha said that pace of progress can be accelerated by availing loans from banks. Banks are always ready to help young entrepreneurs. Co-founder and Director of  Prashant Chouhan also spoke on the occasion.

An MoU was signed between and Laghu Udyog Nigam. will provide marketing e-platforms to products of Madhya Pradesh’s young entrepreneurs. The Chief Minister released Profile Book focusing on successful young entrepreneurs. He inaugurated exhibition of successful young entrepreneurs products and enquired young entrepreneurs about their products. The Chief Minister felicitated excellent performer districts and officers under Mukhyamantri Swarozgar Yojana. Successful young entrepreneurs shared their experiences. A documentary on Mukhyamantri Yuva Udyami Yojana was also screened.

At the outset, Principal Secretary MSME  V.L. Kanta Rao delivered the welcome address. Minister of State for MSME Sanjay Pathak proposed a vote of thanks.