MLUPY is a state-level scheme introduced by the Rajasthan Government and designed with the objective of generating employment. This scheme was launched on 17th December 2019 and will be in operation till 31st Dec 2024.
Mukya Mantri Laghu Udyog Protsahan Yojana – MLUPY
Mukya Mantri Laghu Udyog Protsahan Yojana (MLUPY)
Introduction
Quantum & Nature of Financial Assistance :
| S.No. | Maximum Loan Amount | Interest Subsidy |
| 1 | Upto 25 lacs | 8% |
| 2 | Above 25 lacs and upto 5 crores | 6% |
| 3 | Above 5 crores and upto 10 crores | 5% |
Eligibility Conditions:
- Applicable for manufacturing, services and trading
- Applicable for MSE enterprises.
- For new enterprises as well for existing units in case of expansion/diversification and modernization.
- Applicable for Proprietorship, Partnerships, LLP and Private Limited Company
- Eligible Institutions- Public sector banks, Private banks, Small Finance Banks, Rajasthan Financial Corporation,
- For purchase of land, plant & machinery, construction of building, purchase of furniture, purchase of raw material
- In case of purchase of land, only 25% of the loan amount is eligible for subsidy.
Special Features :
- The maximum loan amount eligible under the manufacturing/service sector is Rs. 10 crores.
- The maximum loan amount eligible under trading/expansion is Rs. 1 crore.
- Interest Subsidy will be given a maximum of 5 years or tenure of the loan, whichever is lower.