Motivation of Unemployed Persons To Start Self-Employed Enterprises Scheme (MUPSES) (State Govt.)

To encourage un-employed persons in the U.T. of Puducherry to start self employment in manufacturing or service sector enterprises.

Eligibility: Should be resident of the Union Territory of Puducherry.

Age: As per existing Bank norms.

Educational qualification: Known to read and write.

Income: No limit.

Nature of activity/avocation:
All services and industrial activities and Self-employment manufacturing and service units such as Mechanized Laundry, Beauty Parlour (saloon) Tailoring units, Hygienic Tea/Coffee                         stalls, etc.

Project cost: Up to Rs.2, 00,000/-.

Means of finance: Finance from Banks / Financial Institutions

Subsidy:
I. For Puducherry District (including Mahe & Yanam Regions)
(i) 50% of the project cost excluding pre-operative and preliminary expenses will be granted as subsidy for the projects not exceeding Rs.50,000/- and
(ii) 35% of the project cost excluding pre-operative and preliminary Expenses to a maximum of Rs.35,000 will be granted as subsidy for project cost exceeding Rs.50,000 but less than               Rs.2.00 lakhs.

Period of Loan disbursement: As soon as the beneficiary completes the formalities required by the Banks.

 

Beneficiary:

Unemployed Men and Women

Benefits:

Startup in Manufacturing and/or service sctor