What do you get under MSY 2.0?
A bank loan for a new business (project up to ₹25 lakh in manufacturing, ₹10 lakh in service or trade) with a margin money subsidy of 15% to 30%, more in hill districts.
MSY 2.0 runs from 2025-26 to 2029-30. Subsidy slabs: up to 30% (max ₹60,000) for projects up to ₹2 lakh in hill category A districts, down to 15% (max ₹3.75 lakh) for ₹10 to 25 lakh projects in categories C and D.
Who is eligible for MSY 2.0?
- Permanent residents of Uttarakhand aged 18+ with a domicile certificate; no upper age limit and no minimum education.
- One person per family; not a bank defaulter; no help from any self-employment scheme in the last 5 financial years.
- Own contribution: 10% of the project cost (5% for SC, ST, OBC, minorities, ex-servicemen, women and persons with disabilities).
Also check:
- The subsidy depends on the area category (A to D) and project size, with an extra 5% for rural areas, women or disabled entrepreneurs, or ODOP/GI products (one only).
- The subsidy becomes a grant only after the business runs for 2 years.
Documents needed for MSY 2.0
0 of 7 ready
Offices may ask for more. Check the official list before you go.
How to apply for MSY 2.0
- Register and apply on msy.uk.gov.in (MSY 2.0) with a project report and quotations.
- The District Industries Centre checks the form and sends it to the bank for the loan.
How to check MSY 2.0 status
- Log in as investor on msy.uk.gov.in to see where your application is.
- Contact the General Manager of your District Industries Centre (numbers are on the portal).
Never share an OTP with a caller or a message. Official portals end in .gov.in.
Common questions
Who is eligible for MSY 2.0?
Permanent residents of Uttarakhand aged 18+ with a domicile certificate; no upper age limit and no minimum education. One person per family; not a bank defaulter; no help from any self-employment scheme in the last 5 financial years. Own contribution: 10% of the project cost (5% for SC, ST, OBC, minorities, ex-servicemen, women and persons with disabilities).
How much do I get under MSY 2.0?
A bank loan for a new business (project up to ₹25 lakh in manufacturing, ₹10 lakh in service or trade) with a margin money subsidy of 15% to 30%, more in hill districts. MSY 2.0 runs from 2025-26 to 2029-30. Subsidy slabs: up to 30% (max ₹60,000) for projects up to ₹2 lakh in hill category A districts, down to 15% (max ₹3.75 lakh) for ₹10 to 25 lakh projects in categories C and D.
What documents do I need for MSY 2.0?
Aadhaar card (linked to your mobile number); Domicile or residence certificate of the state; Business proof or plan (Udyam, vending certificate, quotation); Passport-size photo; Caste certificate (SC / ST / OBC), if you claim it; Self-declaration in the prescribed form; Bank passbook or account details (Aadhaar-seeded account).
How do I apply for MSY 2.0?
Register and apply on msy.uk.gov.in (MSY 2.0) with a project report and quotations. The District Industries Centre checks the form and sends it to the bank for the loan. Official site: https://msy.uk.gov.in/
How do I check MSY 2.0 status?
Log in as investor on msy.uk.gov.in to see where your application is. Contact the General Manager of your District Industries Centre (numbers are on the portal).
Do I have to pay anyone to apply for MSY 2.0?
No. Applying for a government scheme is free on the official portal, and at Common Service Centres you pay only the notified service fee, if any. Never pay an agent who promises approval.
How much subsidy is given in MSY 2.0?
Between 15% and 30% of the project cost depending on the district category and project size, plus 5% extra in some cases. The highest slab is 20% (max ₹5 lakh) for ₹10 to 25 lakh projects in category A and B districts.
Is the old Mukhyamantri Swarozgar Yojana still open?
No, the portal lists the original MSY, MSY Nano and the solar self-employment scheme as inactive. New applications go under MSY 2.0.
Official sources
Last checked 1 November 2026; next review by 30 April 2027. Rules and amounts change, so confirm on the official site before you apply. IndiaDigital is independent and not a government site.