{"id":10439,"date":"2024-06-14T14:41:50","date_gmt":"2024-06-14T14:41:50","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=10439"},"modified":"2024-06-14T14:41:50","modified_gmt":"2024-06-14T14:41:50","slug":"under-the-chairmanship-of-chief-minister-shivraj-singh-chouhan-the-cabinet-has-given-its-approval-to-start-mukhyamantri-udyam-kranti-yojana-to-connect-educated-youths-of-the-state-with-self-employmen","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/under-the-chairmanship-of-chief-minister-shivraj-singh-chouhan-the-cabinet-has-given-its-approval-to-start-mukhyamantri-udyam-kranti-yojana-to-connect-educated-youths-of-the-state-with-self-employmen\/","title":{"rendered":"Under the chairmanship of Chief Minister Shivraj Singh Chouhan, the Cabinet has given its approval to start Mukhyamantri Udyam Kranti Yojana to connect educated youths of the State with self-employment. The benefit of the scheme will be available to the minimum 12th class pass youths of the State between the ages of 18 to 40 years."},"content":{"rendered":"

Under the scheme, projects ranging from one lakh to 50 lakh rupees for manufacturing units and one lakh to 25 lakh rupees for service units or retail businesses will be approved. Interest subsidy at the rate of three per cent per annum and loan guarantee fee will be given to the beneficiary at the prevailing rate for a maximum of 7 years on the loan disbursed by the as financial assistance. The implementation of the scheme will be done through the online portal. Through this scheme, youths who want to set up Industry<\/a>, service or business will get loans at low interest rates through banks. Also, no collateral security will have to be given for bank loans.<\/p>\n

In order to promote air connectivity for Economic Development<\/a> in the state, the cabinet rationalized the rates of VAT on Aircraft Turbine Fuel (ATF) in Bhopal and Indore, similar to the rate of 4 percent fixed in Gwalior, Khajuraho and Jabalpur. It has been decided to reduce the current rate of VAT on ATF from 25 percent to 4 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Under the scheme, projects ranging from one lakh to 50 lakh rupees for manufacturing units and one lakh to 25 lakh rupees for service units or retail businesses will be approved. Interest subsidy at the rate of three per cent per annum and loan guarantee fee will be given to the beneficiary at the prevailing … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[873],"class_list":["post-10439","post","type-post","status-publish","format-standard","hentry","category-madhya-pradesh","tag-17-11-21"],"yoast_head":"\nUnder the chairmanship of Chief Minister Shivraj Singh Chouhan, the Cabinet has given its approval to start Mukhyamantri Udyam Kranti Yojana to connect educated youths of the State with self-employment. The benefit of the scheme will be available to the minimum 12th class pass youths of the State between the ages of 18 to 40 years. - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/under-the-chairmanship-of-chief-minister-shivraj-singh-chouhan-the-cabinet-has-given-its-approval-to-start-mukhyamantri-udyam-kranti-yojana-to-connect-educated-youths-of-the-state-with-self-employmen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Under the chairmanship of Chief Minister Shivraj Singh Chouhan, the Cabinet has given its approval to start Mukhyamantri Udyam Kranti Yojana to connect educated youths of the State with self-employment. The benefit of the scheme will be available to the minimum 12th class pass youths of the State between the ages of 18 to 40 years.\" \/>\n<meta property=\"og:description\" content=\"Under the scheme, projects ranging from one lakh to 50 lakh rupees for manufacturing units and one lakh to 25 lakh rupees for service units or retail businesses will be approved. Interest subsidy at the rate of three per cent per annum and loan guarantee fee will be given to the beneficiary at the prevailing ... 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The benefit of the scheme will be available to the minimum 12th class pass youths of the State between the ages of 18 to 40 years. - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/under-the-chairmanship-of-chief-minister-shivraj-singh-chouhan-the-cabinet-has-given-its-approval-to-start-mukhyamantri-udyam-kranti-yojana-to-connect-educated-youths-of-the-state-with-self-employmen\/","og_locale":"en_US","og_type":"article","og_title":"Under the chairmanship of Chief Minister Shivraj Singh Chouhan, the Cabinet has given its approval to start Mukhyamantri Udyam Kranti Yojana to connect educated youths of the State with self-employment. The benefit of the scheme will be available to the minimum 12th class pass youths of the State between the ages of 18 to 40 years.","og_description":"Under the scheme, projects ranging from one lakh to 50 lakh rupees for manufacturing units and one lakh to 25 lakh rupees for service units or retail businesses will be approved. Interest subsidy at the rate of three per cent per annum and loan guarantee fee will be given to the beneficiary at the prevailing ... 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