This is a flagship scheme of the Bihar government aimed at promoting entrepreneurship and self-employment among the youth by providing financial assistance of up to ₹10,00,000/- for setting up businesses.
Mukhyamantri Ati Pichhada Varg Udyami Yojana - Introduction
Mukhyamantri Ati Pichhada Varg Udyami Yojana is a component of the umbrella scheme Mukhyamantri Udyami Yojana, launched by the Department of Industries, Bihar. The main objective of the scheme is to promote entrepreneurship and self-employment among individuals from all categories in the state.
Under this component, financial assistance of up to ₹10,00,000/- is provided to male applicants from the General Category and the Backward Class for establishing and operating business ventures, thereby fostering economic growth and empowerment in the state.
Benefits
- Substantial Financial Support: Up to ₹10,00,000/- for setting up a business (50% of the total financial assistance (up to ₹5,00,000/-) is provided as a non-repayable grant. The remaining 50% (up to ₹5,00,000/-) is offered as an interest-free loan, with a nominal 1% interest under specific sub-schemes.)
- Skill Development: Mandatory training sessions are provided to enhance entrepreneurial skills.
Eligibility
- The applicant must be a permanent resident of Bihar.
- The applicant must belong to Extremely Backward Classes.
- The applicant should have passed at least 10+2, Intermediate, ITI, Polytechnic Diploma, or equivalent.
- The applicant must be aged between 18 and 50 years.
- The business unit must be a proprietorship or partnership firm.
Application Process
- Step 1: Visit the official udyamiuser.bihar.gov.in and click on Registration/Log in. Select "Mukhyamantri Udyami Yojana" as "MMUY".
- Step 2: A new page will open where you need to enter your Aadhaar number and create a desired password.
- Step 3: Click on the "Login" option after entering the details.
- Step 4: A registration form will appear. Fill in the required details carefully.
- Step 5: Once completed, click on the "Submit" button to finalize your registration.
- Step 1: After successful registration, log in to the portal using your Aadhaar number and password.
- Step 2: The application form will appear on your dashboard. Fill in the form accurately with all the necessary details.
- Step 3: Upload all the required documents as specified in the instructions.
- Step 4: Review the application to ensure all information is correct.
- Step 5: Click on the "Submit" button to complete the application process.
- Step 6: Download and print the acknowledgment receipt for your records. Keep it safe for future correspondence.