Mukhyamantri Alpasankhyak Udyami Yojana
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship
Target Beneficiaries
Individual
Brief Description
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.
Benefit Type
Composite
Eligibility Criteria
1. The applicant must be a permanent resident of Bihar. 1. The applicant must belong to the Minority community. 1. The applicant should have passed at least 10+2, Intermediate, ITI, Polytechnic Diploma, or equivalent. 1. The applicant must be aged between 18 and 50 years. 1. The business unit must be a proprietorship or partnership firm. > Note: - Women belonging to the minority community have the option to apply for either of the following schemes, based on their preference: 1. Mukhyamantri Mahila Udyami Yojana 1. Mukhyamantri Alpasankhyak Udyami Yojana
Application Mode
Online
Application Process
> Registration Process: Step 1: Visit the official <nis:link nis:type=webUrl nis:id=slugId nis:text="website" nis:value=https://udyamiuser.bihar.gov.in/login nis:enabled=true/>and click on "<nis:link nis:type=webUrl nis:id=slugId nis:text="Registration/Log in" nis:value=https://udyami.bihar.gov.in/mmuy nis:enabled=true/>". 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, <nis:link nis:type=webUrl nis:id=slugId nis:text="log in" nis:value=https://udyamiuser.bihar.gov.in/login nis:enabled=true/> 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.
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.
FAQs
What is the “Mukhyamantri Alpasankhyak Udyami Yojana”?
The “Mukhyamantri Alpasankhyak Udyami Yojana” is a component of the “Mukhyamantri Udyami Yojana” aimed at promoting entrepreneurship and self-employment among individuals from Minority communities in Bihar.
Who can apply for the scheme?
Applicants must be permanent residents of Bihar, belong to Minority communities, be aged between 18 and 50 years, and meet the educational qualifications.
What financial assistance is provided under the scheme?
Financial assistance of up to ₹10,00,000/- is provided, with 50% as a non-repayable grant and the remaining 50% as an interest-free loan (1% interest under certain sub-schemes).
What is the grant component of the financial assistance?
50% of the total financial assistance, up to ₹5,00,000/-, is provided as a non-repayable grant.
What is the loan component of the financial assistance?
50% of the total financial assistance, up to ₹5,00,000/-, is provided as an interest-free loan with a nominal 1% interest in specific cases.
Is training mandatory under the scheme?
Yes, training is mandatory to enhance entrepreneurial skills and prepare applicants for successful business operations.
What types of businesses are eligible under the scheme?
The scheme supports proprietorship or partnership firms.
What are the educational qualifications required to apply?
Applicants must have passed at least 10+2, Intermediate, ITI, Polytechnic Diploma, or an equivalent qualification.
Is there an age limit for applicants?
Yes, applicants must be between 18 and 50 years old to qualify for the scheme.
How does the scheme promote entrepreneurship?
The scheme provides financial support, training, and resources to help individuals from Minority communities start and run successful businesses, contributing to self-employment and economic growth.
How can applicants use the financial assistance?
The funds can be used for establishing and operating a business, including site preparation, purchasing equipment, and other approved expenses.
Can individuals from other states apply for this scheme?
No, only permanent residents of Bihar are eligible to apply.