The Mukhyamantri Udyami Yojana is a flagship scheme by the Bihar government designed to support aspiring entrepreneurs from backward and underprivileged communities with financial aid and guidance.
Objectives of the Scheme
This scheme aims to foster self-employment by offering financial support, training, and mentorship to budding entrepreneurs from SC/ST and OBC communities, ensuring economic growth and job creation.
Financial Assistance
Eligible entrepreneurs can receive up to ₹10 lakh as financial assistance, with ₹5 lakh as a grant and ₹5 lakh as an interest-free loan, empowering them to launch and grow their business ventures.
Eligibility Criteria
The scheme is open to residents of Bihar from SC/ST, OBC, and EBC categories, aged 18 to 50 years, who have completed their 10th standard and have a solid business idea or plan.
Application Process and Implementation
To apply, candidates must submit their application online or at local district offices. Selected applicants receive training, financial aid, and ongoing support to help their business succeed.