CM Yadav Restructures State Fincorps, Offers upto 50L Loans to Marginalised Youth

Bhopal

In a bid to enhance self-employment among SC, ST, and OBC youth in Madhya Pradesh, the Mohan Yadav government has unveiled plans to restructure three financial corporations into one entity to expedite the loan process.

Under the new self-employment scheme, eligible youth can access loans of up to ₹50 lakh, with the government subsidizing over half the interest.

This initiative aims to simplify the funding and monitoring process while leveraging central government support for lower interest rates.

Additionally, the Chief Minister’s Entrepreneurship Scheme will be expanded, with the Micro, Small, and Medium Enterprises Department actively preparing for its implementation.

This comprehensive approach seeks to empower marginalized youth and foster economic growth in the state.