Mukhyamantri Swarozgar Yojana: Up to ₹25L for Uttarakhand Entrepreneurs — Frequently Asked Questions

That depends on the nature of your project. A manufacturing enterprise can be financed by the bank for a project cost of up to ₹25 lakh, while a service or business venture can go up to ₹10 lakh. On top of the loan, the Board pays a subsidy equal to 15%, 20% or 25% of the project cost, depending on the district in which your unit is located.

You must be a native or permanent resident of Uttarakhand and at least 18 years of age. No educational qualification is required. You should also have no default against a bank or financial institution, and you must hold an account at the bank financing your project in the relevant area. Both people starting a fresh venture and those wanting to upgrade an existing small unit can apply.

No. The scheme operates on a rolling basis, so applications are accepted throughout the year and there is no fixed closing date to work against.

No. This is a subsidy-linked bank financing programme rather than an equity investment. The bank lends the project cost and the Board contributes the subsidy, so the promoter does not have to surrender any ownership or shares in the venture.

The eligibility conditions set out for this scheme do not list DPIIT recognition or MSME registration among the requirements. What is required is Uttarakhand residency, a minimum age of 18, a clean record with banks and financial institutions, and an account with the bank that will finance the project in the relevant area.

You upload a photograph of the applicant, your Aadhaar card, a permanent or original residence certificate, a caste or special-category certificate if applicable, a copy of the project details, a handicapped certificate if applicable, and your ration card. Every document submitted must be self-attested.

Submit your application online through the official portal at https://msy.uk.gov.in/. Once the online screening of eligibility is done, eligible applications are passed on to banks, which assess the project, approve the funding and disburse the financial assistance.

Not at the start. The subsidy is disbursed only after the enterprise has been successfully operational for a continuous period of two years. That waiting period exists to confirm that the project is stable and viable before the state's contribution is released.

Industrial units, service enterprises, business ventures, agriculture, animal husbandry, orchards and apple cultivation are all within its ambit. The scheme is built around promoting self-employment and micro-enterprises across Uttarakhand rather than backing one specific industry.

Two factors settle the rate: the category of the district where your unit is based, and whether the project falls under manufacturing or under service and business. Category-A districts carry the highest rate at 25%, Category-B and B+ districts get 20%, and Category-C and D districts get 15%. Each slab also has a rupee ceiling — a Category-A manufacturing unit can receive at most ₹6.25 lakh, while the highest subsidy available to a service venture is ₹2.50 lakh.

Mukhyamantri Swarozgar Yojana: Up to ₹25L for Uttarakhand Entrepreneurs is offered by Uttarakhand State Khadi and Village Industries Board, a government body. It is provided as non-dilutive funding.