Mukhyamantri Yuva Udyami Yojana
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship,Loan
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
Cash
Eligibility Criteria
- The applicant must be a permanent resident of Bihar. - 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. - Only general and backward-class male applicants are eligible.
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 Yuva Udyami Yojana"?
The "Mukhyamantri Yuva Udyami Yojana" is a component of the "Mukhyamantri Udyami Yojana", aimed at promoting entrepreneurship and self-employment among male applicants from the General Category and Backward Class in Bihar.
Who launched the "Mukhyamantri Yuva Udyami Yojana"?
The scheme was launched by the Department of Industries, Bihar.
Who is eligible to apply for this scheme?
Only male applicants from the General Category and Backward Class who are permanent residents of Bihar and meet other criteria are eligible to apply.
What financial assistance is provided under the scheme?
The scheme provides financial assistance of up to ₹10,00,000/-, with 50% (up to ₹5,00,000/-) as a non-repayable grant and the remaining 50% as an interest-free loan (with 1% interest under specific sub-schemes).
What is the age limit to apply for the scheme?
Applicants must be between 18 and 50 years of age.
What educational qualifications are required for eligibility?
Applicants should have passed at least 10+2, Intermediate, ITI, Polytechnic Diploma, or an equivalent qualification.
What types of business units are eligible under the scheme?
The business unit must be a proprietorship or partnership firm to qualify for the scheme.
Is there any mandatory training involved in the scheme?
Yes, mandatory training sessions are conducted to enhance the entrepreneurial skills of the applicants.
How can the financial assistance be used?
The financial assistance can be used to set up and operate the business, including expenses for project site preparation, electricity connections, and safety kits.
What is the interest rate for the loan component of the assistance?
The loan is interest-free, with a nominal 1% interest rate under specific sub-schemes.
Can applicants from other states apply for this scheme?
No, only permanent residents of Bihar are eligible to apply for this scheme.
What happens after successful application submission?
After successful application submission and mandatory training, the financial assistance is disbursed in installments directly to the applicant’s business account.