Rajiv Gandhi Udyami Mitra Yojana (RGUMY)

Organisation

MSME

Objective

The objective of Rajiv Gandhi Udyami Mitra Yojana (RGUMY) is to provide handholding support and assistance to the potential first generation entrepreneurs, who have already successfully completed EDP/SDP/ESDP/VT programmes, through the selected lead agencies i.e. 'Udyami Mitras', in the establishment and management of the new enterprise, in dealing with various procedural and legal hurdles and in completion of various formalities required for setting up and running of the enterprise.

Eligibility

Under RGUMY, financial assistance would be provided to the selected lead agencies i.e. Udyami Mitras for rendering assistance and handholding support to the potential first generation entrepreneurs. Following agencies/ organizations can be appointed as the lead agency i.e.Udyami Mitra: (i) Existing national level Entrepreneurship Development Institutions (EDIs); (ii) Micro, Small and Medium Enterprises Development Institutes (MSMEDIs)/ Branch MSMEDIs. (iii) Central/ State Government public sector enterprises (PSEs) involved in promotion and development of MSEs e.g. National Small Industries Corporation (NSIC) and State Industrial Development Corporations etc. (iv) Selected State level EDIs and Entrepreneurship Development Centers (EDCs) in public or private sectors; (v) Khadi and Village Industries Commission (KVIC) (vi) Special Purpose Vehicles (SPVs) set up for cluster development involved in entrepreneurship development; (vii) Capable associations of MSEs/SSIs;

Brief

For setting up of service enterprises, the Udyami Mitras would be provided handholding charges at the rate of Rs. 4000/- (Rupees four thousand only) per trainee that would include a Central grant of Rs. 3000/- (Rupees three thousand only) under RGUMY and contribution of Rs. 1,000/- (Rupees one thousand only) by the beneficiary (to be deposited in advance). For setting up of micro manufacturing enterprises, having investment (in plant and machinery) up to Rs. 25,00,000/-, the handholding charges would be Rs. 6,000/- (Rupees six thousand only), including a Central grant of Rs. 5000/- (Rupees five thousand only) under RGUMY and Rs. 1000/- (Rupees one thousand only) to be contributed by the beneficiary. For the beneficiaries from special category i.e. SC/ ST/ physically handicapped/ women / beneficiaries from North-Eastern Region, the beneficiary’s contribution of Rs. 1,000/- shall also be provided as a grant under RGUMY. For small manufacturing enterprises having investment (in plant and machinery) of more than Rs.25, 00,000/-, in addition to Government grant (Rs.5000/- or Rs. 6,000/-, as applicable), and entrepreneur’s contribution (Rs.1000/- or nil, as applicable), the entrepreneur will also have to make additional contribution towards handholding charges at the rate of 0.1 per cent of the project cost in excess of Rs.25,00,000/- (subject to a ceiling of Rs.10,000/-).