MYUY (Mukhyamantri Yuva Udyamita Yojana) is a Rajasthan government scheme aimed at promoting self-employment among youth by providing subsidized loans up to ₹10 lakh. Although this is a Rajasthan-specific scheme, entrepreneurs based in Nagpur, Maharashtra can also apply if they plan to establish their business unit in Rajasthan. This page is designed for Nagpur-based applicants seeking a bank-ready project report to secure a MYUY loan. A professional project report is critical for loan approval as it includes detailed CMA (Credit Monitoring Arrangement) data, Debt Service Coverage Ratio (DSCR) calculations, and 5-year financial projections. The report demonstrates the viability of your business to the bank, covering aspects like project cost, working capital, profitability, and repayment capacity. Without a robust project report, banks may reject the application even if you meet eligibility criteria. Our service provides a comprehensive, bank-approved format tailored to MYUY requirements, ensuring a smooth application process.
To apply for MYUY from Nagpur, you must be a resident of Rajasthan (domicile certificate required) or willing to set up your business in Rajasthan. Age limit: 18–45 years. Educational qualification: minimum 10th pass. The business must be a new venture (not existing). Priority sectors include manufacturing, service, and trading. For Nagpur applicants, you need to provide proof of intent to establish the unit in Rajasthan (e.g., lease agreement or land allotment letter). The loan amount ranges from ₹50,000 to ₹10 lakh, with a 25% subsidy on the loan (capped at ₹2.5 lakh). The project report must clearly show the business location in Rajasthan and how it aligns with the scheme's objectives.
Under MYUY, the total project cost includes fixed capital (machinery, equipment, furniture) and working capital (for 3-6 months). The bank finances up to 100% of the project cost, subject to a maximum loan of ₹10 lakh. The subsidy is 25% of the loan amount, disbursed directly to the bank after loan disbursement. For example, a project costing ₹8 lakh would get a loan of ₹8 lakh, with a subsidy of ₹2 lakh (25% of ₹8 lakh). The promoter's contribution is nil for loans up to ₹5 lakh; for loans above ₹5 lakh, a 5% margin is required. The project report must include a detailed breakup of costs, sources of funds, and repayment schedule. Interest rates are typically MCLR-linked (around 7-9% p.a.).
Applicants from Nagpur need to submit: (1) Duly filled application form, (2) Project report (bank-ready), (3) Aadhaar card, (4) PAN card, (5) Domicile certificate of Rajasthan (or proof of intent to set up in Rajasthan), (6) Educational certificates (minimum 10th pass), (7) Age proof, (8) Caste certificate (if applicable), (9) Land/building proof in Rajasthan (lease/rent agreement or allotment letter), (10) Quotations for machinery/equipment, (11) Bank statement (last 6 months), (12) GST registration (if required). For Nagpur residents, it is advisable to have a local contact or registered office in Rajasthan to facilitate document verification. The project report should include all these documents as annexures.
Every report is formatted to the exact standards required by Indian banks and government departments.
Create your account in 30 seconds — no credit card needed.
Enter applicant details, select the scheme, set your loan amount.
Our AI drafts the full report with financials, projections, and CMA data in under 60 seconds.
Export PDF on the free plan (branded). Upgrade for clean exports plus Word (.docx) + Excel (.xlsx). Submit to bank or DIC office.
MYUY (Rajasthan) format that Nagpur banks & DIC expect.
Localised to Nagpur, Maharashtra.
Subsidy & margin money auto-calculated.
CMA, DSCR ≥ 1.50 and 5-year projections included.
Word + Excel exports; first report free.
At your bank branch in Nagpur and/or the District Industries Centre (DIC). The Cred report is formatted for both.
Register free, pick the scheme & loan amount, and the AI drafts the full bank-ready report (CMA data, DSCR, 5-year projections) in under 60 seconds. First report free; clean exports ₹499.
Yes, but the business must be set up in Rajasthan. You need a Rajasthan domicile or proof of intent to establish the unit there. The project report should clearly mention the Rajasthan location.
Maximum loan is ₹10 lakh. Subsidy is 25% of the loan amount, capped at ₹2.5 lakh. For example, a ₹10 lakh loan gets ₹2.5 lakh subsidy.
The project report is the key document that banks evaluate. It includes CMA data, DSCR, 5-year projections, and viability analysis. A well-prepared report increases approval chances significantly.
For loans up to ₹5 lakh, no margin is required. For loans above ₹5 lakh, 5% margin money is needed. The subsidy is not treated as margin.