MLUPY

Mukhyamantri Laghu Udhyog Protsahan Yojana (MLUPY)

Mukhyamantri Laghu Udhyog Protsahan Yojana (MLUPY) is launched by Rajasthan state government to encourage and improvement of establishments and also to increase the number of employment  in the State of Rajasthan. Through this scheme the Rajasthan state government bear a interest upto 8%  on amount financed by the banks to establishments.

Hence a loan in the nature of Term Loan or a Credit facility both are eligible to get susbsidy on the part of interest. The finance must be taken from any nationalized bank, private sector banks, schedule small finance bank, reginal rural bank, Rajasthan Financial Corporation and SIDBI are eligible.

How much the benefits covered under this scheme:

Loan Amount

Subsidy on Interest

Maximum Benefit for 5 years

Upto 25 Lakhs

8%

10,00,000

Upto 5 Crore

6%

1,50,00,000

Upto 10 Crore

5%

2,50,00,000







*The subsidy on interest amount is received upto 5 years.

**Collateral security not required if the loan amount is upto 10 lakh.


Who is eligible under MLUPY scheme?

Applicant must be an individual/ self-help group/ society/ partnership firm/ LLP/ Company.

  • Any new established unit.
  • Any existing unit wants to expansion / diversification/ modernization projects.

Hence pre-established and newly established both type of units are eligible to get finance and benefits under this scheme.


What is the maximum loan/project size eligible under MLUPY scheme?

  • For NEW Manufacturing OR Service unit the maximum allowable project size under MLUPY scheme is Upto INR 10 Crore.
  • For NEW Trading unit the maximum allowable project size under MLUPY scheme is Upto INR 1 Crore.
  • Under Expansion/ diversification/ modernisation  category the maximum project site allowable under the MLUPY Scheme is upto INR 1 Crore only.  

What is the purpose of project loan under MLUPY scheme?

  • The project loan should be use for the purpose of land-building, plant & machinery, work shed, furniture, equipment, row material etc. 
  • But if the land is the part of the project cost then it will be considered maximum upto 25% of the total project cost.


What is the ratio of Term Loan and Working Capital Loan under MLUPY?

If the unit belongs to Manufacturing or Service category then:

  • The CC Limit (Working Capital Loan) shall not be more than 40%
  • The Term Loan portion should be minimum 60% of the project cost. 

If the unit belongs to Trading category then:

  • The CC Limit (Working Capital Loan) shall not be more than 75%
  • The Term Loan portion should be minimum 25% of the project cost.


Documents required to get benefit under MLUPY Scheme:

  • Photo of applicant
  • Aadhar Card/ Jan-aadhar
  • Education qualification certificate
  • Project Report (prepared by our experienced team)
  • Cast Certificate
  • Experience certificate (required for preference)
  • Last three years ITR (if available)


Process to get loan under MLUPY Scheme:

  • STEP 1
    Post Your Query

  • STEP 2
    Send documents through e-mail

  • STEP 3
    Your project report and other documentation preparation work will be completed by our experts.

  • STEP 4
    After properly completion of your application they will apply and follow up to DIC Govt. Office to approve your file.

  • STEP 5
    After getting the approval of your submitted file from DIC Office, your file will be further forwarded to your proposed bank.

  • STEP 6
    The bank will check all formalities, your credit potential and projection viability then your file will be processed finally and disbursed the loan amount.