Mukhyamantri Udyami Yojana Rs 10 Lakh Scheme: Check your Eligibility

Mukhyamantri Udyami Yojana is one of the welfare schemes launched by the Bihar Government. This scheme has started to improve the living standards of Scheduled tribes, scheduled castes, and weaker sections of the state. Bihart Government also launched the portal for this scheme, through which interested candidates can apply for this scheme. This yojana has been started by CM Of Bihar, Mr Nitish Kumar.

 The beneficiaries of this scheme can get financial aid to set up their industry in Bihar. For this scheme, the budget of 102 crores has been released by the Bihar government, so the unemployment levels of the state are improved properly. If you also belong to Bihar, and want to apply for this scheme, then you should meet your eligibility. Read the post to get details on Mukhyamantri Udyami Yojana, eligibility, objectives, etc.

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Mukhyamantri Udyami Yojana

Mukhyamantri Udyami Yojana is a scheme launched by the Bihar government to improve the living standards of people. It also provides loans to beneficiaries with a 1% interest rate. The loan given to people at low interest rate helps them to reduce their financial stress and starts own business. In this way, Mukhyamantri Udyami Yojana works in the best way to reduce unemployment in Bihar.

Under this yojana, the government gives loans of Rs 10 lakhs to business startups. This scheme may limit loan amounts that are obtained by eligible people and ensure that funds are equally distributed to a large number of people. This yojana aims to support the economic growth in the state.

Mukhyamantri Udyami Yojana 2024 Overview  

The beneficiary list of Mukhyamantri Udyami Yojana consists of the number of beneficiaries across various sectors like manufacturing, services and agriculture. The aims of this scheme is to empowers the minorities sector people, women and weaker section people. The entrepreneur is eligible to get Rs 10 lakh via this scheme. The budget of this scheme to provide financial aid to people is 102 crore. There are 800 entrepreneurs chosen for this scheme.

Scheme NameMukhyamantri Udyami Yojana
Started byBihar Government
BeneficiariesCitizens of Bihar
Official website

The beneficiary list of this scheme shows the government dedication to improving economic development and creating opportunities for entrepreneurs in the state.

Variants of Mukhyamantri Udyami Yojana

There are the many versions of Mukhyamantri Udyami Yojana are starts by Bihar government for different groups. Here are the 2 variants of this scheme

  • Mukhyamantri Alpsankhyak  Udyami Yojana – This variant of the scheme is for unemployed youth of minority section who want to start their own business
  • Mukhyamantri Ati Pichda Varg Udyami Yojana-  This variant is for backward-class people who want to get financial help to start their small business

Mukhyamantri Udyami Yojana Objective

The Mukhyamantri Udyami Yojana set aims to empower people to become entrepreneurs. The government give a financial incentive of Rs 10 lakh to eligible people. Those who want to start their own business can get help under this scheme. It also aims to reduce the unemployment rate in Bihar state and make people self-reliant. Moreover, this scheme also improves the lifestyle of citizens living in Bihar.

Features and Benefits of Bihar Udyami Yojana

The Mukhyamantri Udyami Yojana was started by the Bihar Government. Here are the unique features and benefits of this scheme

  • Under this scheme, people who want to start their own business can get loans up to 10 lakh.
  • The people of scheduled tribes, scheduled castes and weaker sections are eligible for this scheme.
  • The repayment needs of beneficiaries are set up to 5 lakh. The money that beneficiaries can get under this scheme are repayed by them in 84 payments. They need to repay the money with 1 % interest.
  • This scheme is only available to partnership firms, proprietorship firms, private limited companies and limited liability companies.
  • The purpose of this scheme is to empower people to make a good source of income in the form of entrepreneurship.
  • It reduces the unemployment rate in the state
  • The lifestyle standards of people are improved under this scheme
  • Under this scheme, beneficiaries learn a better way to support themselves in a financial situation

Eligibility criteria of Bihar Udyami Yojana

There are specific eligibility criteria set by the government that you should meet to apply for this Udyami scheme.

  • The applicant should be a Bihar resident.
  • The person from backwards communities, weaker sections, STs, and SCs are eligible to get benefits of this scheme.
  • The person who wants to apply for the Mukhyamantri Udyami Yojana should be at least a 12th graduate, have a diploma in ITI, and have a polytechnic or similar program.
  • The interested person should be in the age group of 18 to 50 years to become eligible for this scheme.
  • The people who want to set up their proprietorship firm, partnership firm, LLP company and private limited company are eligible for this scheme.
  • The applicant must have PAN card details to become qualified
  • The applicant also has their active bank account while applying for this yojana

Required Documents

  • Age proof
  • Aadhar Card
  • Signature
  • PAN Card
  • Caste certificate
  • Account details
  • Education Certificate
  • Passport size photo

Registration Process of Bihar Mukhyamantri Udyami Yojana

Here is the step-by-step process you should follow to register yourself under the Mukhyamantri Udyami Yojana

  • First, you should visit the official website of this scheme:
  • You see login open on the home page. Click on it
  • On the login page, you see the register option, tap on it
  • After tap on the register option, the application form appears in front of you
  • You should enter your personal details in the application form, like name, gender, mobile number, email ID, registration type, Aadhar Number, etc.
  • Next, you should tap on the OTP option, and you will get OTP on your registered number.
  • Enter the OTP and create a password.
  • Now, move to the login page and log in to your account by using your username and password.
  • Go to the homepage of the website, and tap on the Mukhyamantri Udyami Yojana application form.
  • Enter all required details and tap on the submit button. After registration, you should print off your registration form for future use.

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