Central GovernmentVerified
Mukhyamantri Yuva Udyami Yojana
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.
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About This Scheme
The “Mukhyamantri Yuva 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 Backward Class for establishing and operating business ventures, thereby fostering economic growth and empowerment in the state.
Benefits
₹10.0 L
Substantial Financial Support: Receive 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.
Required Documents
- ✦Matriculation certificate (in which date of birth is mentioned).
- ✦Intermediate or equivalent passing certificate.
- ✦Caste certificate.
- ✦Permanent residence certificate.
- ✦Disability certificate (if required).
- ✦Photograph of the applicant.
- ✦Signature of the applicant.
✦ Required ◦ Optional
How to Apply
OOnline
Quick Info
- Level
- Central Government
- Max benefit
- ₹10.0 L