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 βΉ10,00,000/- for setting up businesses.
About This Scheme
The βMukhyamantri Ati Pichhada Varg Udyami Yojanaβ is a component of the umbrella scheme βMukhyamantri Udyami Yojanaβ, 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 βΉ10,00,000/- is provided to male applicants from the General Category and Backward Class for establishing and operating business ventures, thereby fostering economic growth and empowerment in the state.
Benefits
Substantial Financial Support: Up to βΉ10,00,000/- for setting up a business (50% of the total financial assistance (up to βΉ5,00,000/-) is provided as a non-repayable grant. The remaining 50% (up to βΉ5,00,000/-) 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 Criteria
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
Apply Online
Registration Process:
Step 1: Visit the official
website
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.
Application Process:
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.
Official Source: View on myScheme.gov.in