Mukhyamantri Krushi Udyog Yojana Odisha 2024: Registration, Eligibility, Project List

Mukhyamantri Krushi Udyog Yojana

The Mukhyamantri Krishi Udyog Yojana was launched by the Odisha government’s Department of Agriculture and Farmers Empowerment in 2018. This program supports business owners who are starting agro-industries in the state by providing capital investment subsidies on loans. With a focus on young entrepreneurs in particular, the Krishi Udyog Yojana strives to increase productivity in the agricultural sector. This essay explores the Mukhyamantri Krishi Udyog Yojana in great length. Read the article below to know more about Mukhyamantri Krushi Udyog Yojana

Mukhyamantri Krushi Udyog Yojana

For the purpose of boosting agricultural production, the Odisha government offers loans to farmers in the state. The Mukhyamantri Krushi Udyog Yojana is a new programme that the government has launched in response to this. Under this initiative, which was developed specifically for farmers, the Odisha government will lend money to local farmers in order to increase agricultural output in the region. Only the Odisha government will choose the farmers who will receive the benefits of the Mukhyamantri Krushi Udyog Yojana 2024 from the state government.

Odisha Madho Singh Hath Kharcha Yojana 

MKUY Scheme Details in Highlights

Name of the schemeMukhyamantri Krushi Udyog Yojana
Launched byOdisha government
Launched in2018
DepartmentDepartment of Agriculture and Farmers Empowerment
ObjectiveTo increase agricultural production
Modeonline
BeneficiariesFarmers of Odisha state
StateOdisha
Official Website

Objectives of Mukhyamantri Krushi Udyog Yojana 2024

Through the Mukhyamantri Krushi Udyog Yojana 2024, agricultural production will improve, which will lead to the development of the state’s industries. People will consequently have access to new job opportunities. The Mukhymantri Krushi Udyog Yojana’s primary goal is to make agriculture easier. In order to stimulate the agriculture industry, this initiative offers a subsidy to agro businesses. Farmers will receive funding through this programme to start their enterprises, raising their standard of living in the process.

Key objectives are:

  • To encourage investment in Odisha’s allied sectors, including agriculture.
  • To generate job prospects in rural regions.
  • To enhance farmers’ incomes.

Krushak Odisha Portal

Features of Mukhyamantri Krushi Udyog Yojana 2024

Some of the key features of Mukhyamantri Krushi Udyog Yojana are mentioned below:

  • The project cost will be subsidised in accordance with the following schedule:
  • 25% for recipients in the general category.
  • Thirty-three percent for SC/ST/OBC/women/PWD recipients.
  • Over the course of five years, the interest subvention on the bank loan obtained for the project will be given at a rate of 5% annually.
  • To ensure the success of this programme, farmers must apply online via the program’s website.
  • The state government of Odisha will offer financial support for the establishment of agro-industries.
  • The success of this programme depends on APICOL and NIC keeping an eye on it in order to ensure that all of the farmers in the state of Odisha benefit from it.

Project Finance and Finalisation Timeframe

  • Both loan and equity can be used to finance the project.
  • You can obtain the debt component from banks or other financial entities.
  • Three years from the date of start should be the completion date of the project.

Benefits of Mukhyamantri Krushi Udyog Yojana

The benefits of Mukhyamantri Krushi Udyog Yojana are mentioned below:

  • Capital investment subsidy
  • Technical assistance and training
  • Interest subvention
  • Marketing support
  • The entrepreneurs will become independent as a result of this plan.
  • The government of Odisha will now provide the funds in the form of a capital investment subsidy, so business owners won’t have to rely on other sources to grow their enterprises.

Mukhyamantri Krishi Udyog Yojana implementation

  • The government of Odisha’s Department of Agriculture and Farmers’ Empowerment will carry out the programme.
  • The district-level scheme execution will be overseen by the District Agriculture Offices.

Project Cost Under Mukhyamantri Krishi Udyog Yojana

  • The initiative stipulates that a project must cost at least ₹ 10 lakh.
  • The scheme allows for a maximum project cost of ₹ 50 lakh.

KALIA Yojana List

Documents Required

Following are the documents required for Mukhyamantri Krushi Udyog Yojana

  • Aadhar card
  • Residence certificate
  • GST number
  • PAN card
  • Income certificate
  • Passport size photograph
  • Mobile number

Eligibility Criteria for Mukhyamantri Krushi Udyog Yojana 2024

Before applying for Mukhyamantri Krushi Udyog Yojana, fulfill all the eligibility criteria mentioned below. Following is the list of Eligible Beneficiaries under Chief Minister Krishi Udyog Yojana

  • Any person
  • Farmers, Co-operative Societies
  • Partnership venture
  • Body of people
  • Registered FPO, FPC, FPG, NGO, SHG, PAC, LAMPCS
  • Apex union
  • The company which has been registered under the Act 2013
  • A group of candidates for office bearers who have been properly approved by the executive body will function as candidates.
  • In addition, the project land must be registered in the names of the application group, the individual applicant, and the spouse who is an entrepreneur or has a valid Aadhaar in the state of Odisha for a minimum of 15 years.
  • Furthermore, the government’s cage farming policy permits all citizens who engage in cage farming in the central reservoir to benefit from this plan during the lease period.
  • It will also be possible for someone who is not Odisha’s President to establish an agricultural business.

Registration Process of Mukhyamantri Krushi Udyog Yojana 2024

If you are willing to apply for Mukhyamantri Krushi Udyog Yojana, follow the steps below for registration process.

  • Go to the official website of Agriculture Promotion and Investment Corporation.
  • Following this, the website’s homepage will appear in front of you.
  • You must select the online registration option from the website’s homepage.
  • The next page will then appear on the screen.
  • The registration form will then appear in front of you as you select the registration option here.
  • After selecting the application type, you must input the requested information, including applicant and project details, property details, and the intended site of the CAE, among other details.
  • You also need to enter all required documents with this.
  • You then need to select the “Submit” option. You can sign up for the Mukhyamantri Krishi Udyog Yojana in this manner.

MKUY Login Process

The steps below will guide you to log in on the portal.

  • You must first go to the Agriculture Promotion and Investment Corporation’s official website. Following this, the website’s homepage will appear in front of you.
  • You must select the login option from the website’s homepage in order for the next page to appear on your screen.
  • Here, you must provide the requested details, such as the user ID, password, and captcha code.
  • You must now select the login option. You can access the portal by logging in this way.

How to Download Annexures?

Follow the steps below to download the Annexures

  • You must first go to the Agriculture Promotion and Investment Corporation of Odisha’s official website. The website’s homepage will then appear in front of you.
  • You need to select the “MKUY Guidelines” option from the website’s homepage. You must now select the “Revised MKUY Guidelines” option.
  • Following this, a PDF file will launch on your computer. All of the attachments are located at the conclusion of this PDF file.
  • To download each of these attachments, you must now select the “Download” option. Once this is done, you can download the attachments.

Submit an application to Establish a Commercial Agribusiness

The steps below explain how to Submit an application to Establish a Commercial Agribusiness

  • You start by visiting the Agricultural Promotion and Investment Corporation of Odisha’s official website. The website’s main page will then appear in front of you.
  • You must select MKUY Guidelines and then Revised MKUY Guidelines from the website’s homepage.
  • A PDF file will then open in front of you after that. Following that, you must print this PDF out.
  • You now need to fill out Annexure-A with all the necessary details, such as the project title, the applicant’s name, date of birth, educational background, residence, and current employment.

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