Mukhyamantri Yuva Udyami Yojana: ₹5 Lakh Grant + ₹5 Lakh Interest-Free LoanScheme StatusScheme Status

The “Mukhyamantri Yuva Udyami Yojana” is a dedicated component of the broader “Mukhyamantri Udyami Yojana”, launched by the Department of Industries, Government of Bihar. This scheme aims to foster entrepreneurship and self-employment among youth from the General and Backward Classes, contributing to economic development and livelihood generation in the state.

Under this scheme, financial assistance of up to ₹10,00,000/- is provided to eligible male applicants for setting up and managing their own business ventures.

Benefits

  • Financial Support up to ₹10,00,000/- for business setup:

    • ₹5,00,000/- as a grant (non-repayable)

    • ₹5,00,000/- as an interest-free loan
      (1% nominal interest applicable under some sub-schemes)

  • Mandatory Skill Development Training for entrepreneurial capacity building

Eligibility

  • Must be a permanent resident of Bihar

  • Should have passed at least 10+2, ITI, Polytechnic Diploma, or equivalent

  • Age should be between 18 to 50 years

  • Business entity must be a proprietorship or partnership firm

  • Only General and Backward Class male applicants are eligible

Application Process

Mode: Online

Registration Process:

  1. Visit the official website and click on “Registration/Login”

  2. Choose “Mukhyamantri Udyami Yojana (MMUY)”

  3. Enter your Aadhaar number and create a password

  4. Click on “Login”

  5. Fill out the registration form with accurate details

  6. Click “Submit” to complete registration

Application Process:

  1. Log in using Aadhaar number and password

  2. The application form will be available on your dashboard

  3. Fill in all required details

  4. Upload the necessary documents

  5. Review the application and click “Submit”

  6. Download and print the acknowledgment receipt for future reference

Documents Required

  • Matriculation certificate (with Date of Birth)

  • Intermediate or equivalent passing certificate

  • Caste certificate

  • Permanent residence certificate

  • Disability certificate (if applicable)

  • Photograph of the applicant

  • Scanned signature of the applicant

Frequently Asked Questions

  • What is the “Mukhyamantri Yuva Udyami Yojana”?
    A government scheme providing financial aid to young entrepreneurs from General and Backward Classes in Bihar

  • Who launched the “Mukhyamantri Yuva Udyami Yojana”?
    The scheme is implemented by the Department of Industries, Bihar Government

  • Who is eligible to apply for this scheme?
    Male residents of Bihar from General and Backward Classes, aged 18–50 years

  • What financial assistance is provided under the scheme?
    Up to ₹10,00,000/- (₹5 lakh as grant + ₹5 lakh as interest-free loan)

  • What is the age limit to apply for the scheme?
    Between 18 to 50 years

  • What educational qualifications are required?
    Minimum of 10+2, ITI, or Polytechnic Diploma

  • What types of business units are eligible?
    Proprietorship or partnership firms

  • Is training mandatory under the scheme?
    Yes, skill development training is compulsory

  • Can the assistance be used for any business?
    Yes, as long as the business is set up as per the scheme’s approved norms

  • Is there any interest on the loan portion?
    No interest; 1% may apply under specific sub-schemes

  • Can applicants from other states apply?
    No, only permanent residents of Bihar are eligible

  • What happens after successful submission?
    The application is reviewed, and eligible candidates are contacted for training and disbursal

Sources And References

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top