MYUYB

Mukhyamantri Yuva Udyami Yojana

Mukhyamantri Yuva Udyami Yojana is a flagship initiative by the Bihar government that promotes entrepreneurship and self-employment among the youth. It provides substantial financial assistance of up to ₹10,00,000, including a non-repayable grant of ₹5,00,000 and an interest-free loan of ₹5,00,000, along with mandatory skill development training for eligible individuals.

State Cash

States / UT: Bihar

Nodal department: Department of Industries

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship, Loan

Target beneficiaries: Individual

Tags: Entrepreneurship, Youth, Business, Self Employment

Details

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

  • - 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
  • 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.

Eligibility

  • 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 Process

Online

Registration Process:

Step 1: Visit the official website and click on "Registration/Log in". 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, log in 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.

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

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.

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status