Question
Which state government has planned to spend over Rs 180
crore during the 2023-24 financial year under the Mukhyamantri Laghu Udyog Protsahan Yojana so as to provide subsidized loans through banks to help small entrepreneurs in the state and generate employment opportunities?Solution
The Rajasthan government has planned to spend over Rs 180 crore during the 2023-24 financial year under the Mukhyamantri Laghu Udyog Protsahan Yojana (Chief Minister Small Industries Promotion Scheme) to provide subsidized loans through banks to help small entrepreneurs in the state and generate employment opportunities.Under the scheme, loans worth Rs 25 lakh to Rs 10 crore will be provided for setting up new enterprises and expanding existing ones, along with an interest subsidy of 5-8 per cent.
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