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For promoting entrepreneurship in the Madhya Pradesh without the need for collateral security. Nodal Office for implementation and monitoring of the scheme: Department of Commerce, Industries and Employment Implementing Agencies: Panchayat and Rural Development Department for Rural Areas and Department of Commerce, Industries and Employment for Urban Areas. Project Cost: Ultra Small: Project Cost Up to Rs. 50000 , Small : Project Cost from Rs. 50000 to Rs. 25 lac…
The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries / entrepreneurs directly into their bank accounts.