JAIPUR: Mukhyamantri Laghu Udyog Protsahan Yojana (MLUPY) is proving a boon for many aspiring entrepreneurs. The scheme helped a woman from Bhilwara fulfil her dream of running her own hotel. She secured a loan of Rs 4.95 crore under the scheme and now employs 37 people to run her hotel.<\/p>\n\n\n\n
The woman, Baby Banu Mansoori, is the proud owner of The Baby Hotel Bhilwara. She said that she wanted to be her own boss by setting up a business. Due to her background, she wanted to build a hotel but needed a huge amount of capital for this. She approached banks for a loan, but the interest rates were so high, she realized it wouldn\u2019t be financially feasible.<\/p>\n\n\n\n
That\u2019s when someone told her about the Chief Minister’s Small Industries Promotion Scheme. She prepared a business plan and contacted District Industries and Commerce Centre, Bhilwara. The officials there explained to her the benefits of the scheme. Due to all the subsidies and favourable interest rates, she decided to build the hotel. She secured a loan of Rs 4.95 crore under the scheme.<\/p>\n\n\n\n
Baby Banu said that the grant received from the state government helped her fulfil her dream of becoming a hotelier. She provides employment to 37 other people along with her. She says that she is also getting the subsidy on the interest paid on the loan on time.<\/p>\n\n\n\n
Baby Banu says, ‘I am happy that I have been able to establish my enterprise through the state government’s scheme. I hope that like me other unemployed people will also become entrepreneurs by taking advantage of government schemes and making life successful.<\/p>\n\n\n\n
The scheme aims at helping entrepreneurs in the state get subsidized loans through financial institutions. By helping these entrepreneurs, the state government is encouraging the establishment of enterprises. This also creates employment opportunities. Both new and already established enterprises can apply for subsidized loans from nationalized commercial banks, private sector scheduled commercial banks, scheduled small finance banks, regional rural banks, Rajasthan financial corporations, SIDBI and urban cooperative banks.<\/p>\n\n\n\n
Applying for the scheme is easy. The applicant can use the SSO ID and find the application form under the MLUPY icon in the Citizen App there.<\/p>\n\n\n\n
Here are a few things the applicant must keep in mind when applying online for Rajasthan Laghu Udyog Protsahan Yojana:<\/p>\n\n\n\n
The woman, Baby Banu Mansoori, is the proud owner of The Baby Hotel Bhilwara.<\/p>\n","protected":false},"author":2,"featured_media":10323,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,29],"tags":[446],"yoast_head":"\n