Mukhya Mantri Krishak Udyami Yojana

Key Features

Financial Assistance

Component

Assistance Provided

Detailed Explanation of Component & Assistance Provided

Margin Money Subsidy (General Category)

Up to 15% of project cost

Helps reduce initial investment burden. Example: For a ₹20 lakh project, subsidy may be up to ₹3 lakh.

Margin Money Subsidy (Special Category)

Up to 20% to 25% of project cost

Higher subsidy for SC, ST, women, and other eligible categories. Example: A ₹20 lakh project may receive up to ₹5 lakh subsidy.

Interest Subsidy

5% per annum for a limited period

Reduces cost of borrowing on bank loans.

Project Cost Limit

Varies by activity

Project cost depends on type of agro-based industry or service.

Eligibility Criteria

To qualify for benefits under this scheme, you must meet the following conditions:

Documents Required

Application Process

Option 1: Apply with Bullit, Recommended

Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.

Option 2: Apply Online / Offline (Government Process)

Online Process

  1. Visit the MP MSME portal at msme.mponline.gov.in
  2. Register with your details (name, email, mobile linked to Aadhaar) and log in
  3. Fill the multi-step application form with personal, family/farm, and project details (including business type, investment up to ₹2 crore)
  4. Upload required documents like Aadhaar, domicile proof, land records, income certificate, photo, bank details, and CA-certified DPR
  5. Submit the application after review
  6. Track application status online via your dashboard

Offline Process

  1. Visit the nearest District Industries Centre (DIC)
  2. Collect and fill application form
  3. Submit documents and project report
  4. Application is reviewed by committee
  5. After approval, bank loan is processed and subsidy is linked

Frequently asked questions

What is the objective of MMKUY?

The scheme aims to promote entrepreneurship among farmers by supporting agro-based industries and value addition activities.

Who implements the scheme?

The scheme is implemented by the Department of MSME, Government of Madhya Pradesh.

Who can apply for this scheme?

Farmers and individuals connected with agriculture activities in Madhya Pradesh can apply.

What type of businesses are supported?

Agro-based industries, food processing units, and allied agricultural activities are supported.

What subsidy is provided under the scheme?

Subsidy ranges from about 15% for general category to 20–25% for special categories.

Is interest subsidy available?

Yes, interest subsidy is provided to reduce loan repayment burden.