Mukhyamantri Rojgaar Srijan Yojana (MMRSY): 6% Loans, ₹5L Subsidy
Jharkhand government self-employment scheme offering subsidised loans at 6% interest with up to 40% subsidy (capped at ₹5,00,000) plus entrepreneurship training for ST, SC, Minority, Backward Class and PwD applicants.
- Funding amount
- Varies by program
- Funding type
- Debt / Loan
- Provider
- Department of Scheduled Tribe, Scheduled Caste, Minority and Backward Class Welfare, Government of Jharkhand (Government)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Mukhyamantri Rojgaar Srijan Yojana (MMRSY) is a self-employment financing scheme of the Government of Jharkhand, delivered through the state's Department of Scheduled Tribe, Scheduled Caste, Minority and Backward Class Welfare. Its aim is to move people from these communities into business ownership by making credit affordable.
Instead of handing out grants, MMRSY works through bank loans on softened terms. A part of the sanctioned amount is converted into a subsidy, interest stays low, and the borrower goes through entrepreneurship training before the venture opens. The result is capital that a first-time entrepreneur in Jharkhand can realistically repay.
Scheduled Tribes, Scheduled Castes, Minorities, Backward Classes and Persons with Disabilities are the intended beneficiaries. Applications are accepted throughout the year with no fixed closing date, and can be filed either on the state's online portal or on paper at the concerned corporation or the District Welfare Office.
Highlights
- Subsidised loans at 6% interest for self-employment ventures
- 40% subsidy on the loan amount, capped at ₹5,00,000
- No guarantor required for loans up to ₹50,000
- 10% margin money applies to loans above ₹50,001
- Entrepreneurship Development Training for beneficiaries
- Rolling applications, open to ST, SC, Minority, Backward Class and PwD residents of Jharkhand
Who can apply
MMRSY is meant for individuals rather than companies, and an applicant has to fit a defined profile.
- Age: between 18 and 50 years.
- Residency: must be a permanent resident of Jharkhand.
- Income: annual family income must not exceed ₹5,00,000, and the same limit applies in rural and urban areas.
- Employment status: anyone holding a government or semi-government job cannot apply.
- Credit record: the applicant must not be a loan defaulter with any bank.
- Disability: applicants applying on the basis of disability must have a disability level of at least 40%.
- Business type: only environment-friendly proposals are considered. Alcohol, drugs and polythene businesses are not permitted.
The scheme targets Scheduled Tribes (ST), Scheduled Castes (SC), Minorities, Backward Classes and Persons with Disabilities (PwDs) in Jharkhand.
Mukhyamantri Rojgaar Srijan Yojana (MMRSY): 6% Loans, ₹5L Subsidy is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Mukhyamantri Rojgaar Srijan Yojana (MMRSY): 6% Loans, ₹5L Subsidy accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.
What the funding covers
Support is delivered as a subsidised loan, so the money is repaid — but on far easier terms than an ordinary bank loan.
- Subsidy: 40% of the loan amount is adjusted as a subsidy, subject to a ceiling of ₹5,00,000, whichever is lower. The EMI is then worked out only on the balance left after the subsidy.
- Interest: the loan carries an interest rate of 6%.
- Guarantee: no guarantor is needed for loans up to ₹50,000. Anything above that requires a guarantor or collateral.
- Margin money: for loans above ₹50,001, the applicant has to deposit 10% of the loan amount as margin money.
- Training: beneficiaries receive Entrepreneurship Development Training before starting the business.
The loan size itself is not fixed — it varies according to the project, and the subsidy is calculated from the amount sanctioned.
About the provider
Mukhyamantri Rojgaar Srijan Yojana (MMRSY): 6% Loans, ₹5L Subsidy is offered by Department of Scheduled Tribe, Scheduled Caste, Minority and Backward Class Welfare, Government of Jharkhand, a government body. As a government-backed debt / loan, it is publicly funded and open to eligible startups across India.
How to apply
Applications are submitted on the . Confirm the current deadline and document checklist there before you start.
Selection process
Applications pass through more than one layer of scrutiny before a loan is sanctioned.
- Eligibility screening: every application, whether filed online or offline, is first checked against the scheme's basic conditions such as age, residency, family income and the type of business proposed.
- Detailed review: applications that clear screening are examined by the concerned corporation or the District Welfare Office. The review looks at whether the business idea is viable and whether the applicant is suited to running it.
- Verification or interview: shortlisted candidates may be called for further verification or an interview, where the business plan is discussed in more detail.
- Final selection: the decision is taken after this overall assessment, so that assistance reaches applicants capable of building a self-employment venture.
Documents you’ll need
Before you apply to Mukhyamantri Rojgaar Srijan Yojana (MMRSY): 6% Loans, ₹5L Subsidy, keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Frequently asked questions
What is the Mukhyamantri Rojgaar Srijan Yojana, and who runs it?
MMRSY is a self-employment scheme of the Government of Jharkhand, run by the state's Department of Scheduled Tribe, Scheduled Caste, Minority and Backward Class Welfare. It helps people from ST, SC, Minority, Backward Class and PwD communities set up their own micro-enterprises by giving them subsidised bank loans along with entrepreneurship training.
How much subsidy does MMRSY offer, and at what interest rate?
The subsidy is 40% of the loan amount, capped at ₹5,00,000, whichever is lower. Once that subsidy is applied, the EMI is calculated only on the remaining loan amount. The interest rate charged is 6%. The loan size itself is not fixed — it varies depending on the project.
Who is eligible to apply for MMRSY?
Applicants from the Scheduled Tribe, Scheduled Caste, Minority, Backward Class and Persons with Disabilities communities who are permanent residents of Jharkhand can apply. You need to be between 18 and 50 years old, your annual family income must not exceed ₹5,00,000, you should not be employed in a government or semi-government job, and you must not be a defaulter with any bank. If you are applying on the basis of disability, the disability level has to be at least 40%.
Is there an age or family income limit?
Yes. Applicants must be at least 18 and not older than 50 years. Annual family income must stay within ₹5,00,000, and this ceiling is identical for rural and urban households.
Which communities does the scheme cover, and does it require DPIIT or MSME registration?
MMRSY is designed for Scheduled Tribes (ST), Scheduled Castes (SC), Minorities, Backward Classes and Persons with Disabilities (PwDs) in Jharkhand. The scheme's stated eligibility conditions do not mention DPIIT recognition or MSME registration as a requirement. What is actually assessed is age, Jharkhand residency, annual family income, community category, employment status and whether the applicant has defaulted on a bank loan.
Do I need a guarantor, collateral or margin money?
It depends on how much you borrow. Loans up to ₹50,000 need no guarantor at all. For loans above ₹50,000, a guarantor or collateral is required. Separately, if the loan exceeds ₹50,001, you must deposit 10% of the loan amount as margin money.
Does MMRSY take equity in my business?
No. The assistance comes as a loan, so no shares or ownership stake are taken in your venture. You repay it through EMIs at a 6% interest rate, calculated on the loan amount that remains after the subsidy has been adjusted.
Will I receive entrepreneurship training?
Yes. Beneficiaries are given Entrepreneurship Development Training that equips them with the skills and knowledge needed before they launch their business.
Which types of businesses are not allowed?
Only environment-friendly business proposals are acceptable. Ventures connected to alcohol, drugs or polythene are explicitly not allowed under the scheme.
How do I apply for MMRSY, and is there a deadline?
You can apply online or offline, and there is no closing date — the scheme runs on a rolling basis all year.
Online: register at cmegp.jharkhand.gov.in using your Aadhaar number, date of birth, mobile number and email ID. Then log in with your mobile number and the last 8 digits of your Aadhaar as the password, fill in your basic details and address, upload a profile photo, signature and the required supporting documents, and submit. An application ID is generated, so print the form and the ID and keep them safely.
Offline: download and print the prescribed form, complete all mandatory fields, paste a recent passport-size photograph, attach self-attested copies of the required documents, and submit everything to the concerned corporation (Tribal, Scheduled Caste, Backward Class or Minority) or the District Welfare Office. Ask for a receipt or acknowledgment showing the date and time of submission and a unique identification number, if one is issued.
What documents do I need to submit?
For the online route, registration needs your Aadhaar number, date of birth, mobile number and email ID, and you then upload a profile photo, a signature and the other supporting documents specified by the scheme. For the offline route, a recent passport-size photograph is pasted on the form and self-attested copies of all mandatory documents are attached. In both cases, retain the application ID or acknowledgment receipt for tracking.
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