Mukhyamantri Udyami Yojana is a notable initiative of the Bihar government to offer monetary support to Individuals of Bihar for self-employment opportunities. This scheme enables emerging entrepreneurs to start their businesses through the credit of Rs. 10 lakh with a 50% subsidy. Empowering the young population to initiate their businesses, this scheme is a significant step taken by the Bihar Government to generate income sources for economically disadvantaged people of Bihar.
| Scheme launched by | Government of Bihar |
| Scheme name | Bihar Udyami Yojana |
| Department | Industries Department |
| Credit support | Upto 10 Lakh with subsidy |
| Application mode | Online |
| Official Website | udyami.bihar.gov.in |
If you want to know more about the Mukhyamantri Udyami Yojana 2024 and its features, benefits, eligibility criteria, application procedure, etc. read this blog as here, we are covering each aspect of the scheme, ensuring you don’t miss anything to avail the provided benefits.
MukhyaMantri Udyami Yojana: Financial Assistance for Self-Employment
Bihar Udyami Yojana 2024-25 is a government scheme introduced for the Bihar population to support individuals financially to begin their businesses. It encourages entrepreneurship among people to turn their unique startup ideas into successful businesses, thus promoting self-reliance and innovation. This scheme targets individuals who lack the financial resources to start their business, offering loans up to 10 lakh rupees with a subsidy. The main objective of launching the scheme is to assist people monetarily who belong to the economically disadvantaged category. Thus, it intends to stimulate the economic growth of the country and enhance the socio-economic status of the underprivileged sections.
Interested candidates need to apply for the scheme on the official portal https://udyamiuser.bihar.gov.in/login before the deadline. To avail of the advantages of the scheme, applicants are required to belong to any of the categories among ownership, partnership, or private limited company structures. The final list of beneficiaries will be prepared as per the instructions of departments and priority will be given to people who belong to Scheduled Castes, Scheduled Tribes, youths, and women.
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Who is Eligible for the MukhyaMantri Udyami Yojana 2024?
Before applying for the scheme, people should check their eligibility criteria to know whether they are eligible to get the benefits or not. Check out the eligibility conditions given below:
- The applicant should permanently belong to a Bihar state.
- The applicant’s age should belong to the age group of 18 to 50 years.
- The applicant must have passed high school graduation, ITI, or equivalent degrees.
- The applicant should have a current account in a nationalized bank.
- Applicant should belong to either of the categories, limited liability corporations, private limited companies, proprietorship firms, and partnership firms.
Documents Required for MukhyaMantri Udyami Yojana
While applying for Bihar Mukhyamantri Udyyami Yojana, applicants need to submit various documents that are listed below:
- Permanent residence certificate.
- Matriculation certificate.
- Intermediate or equivalent qualification certificate.
- Caste certificate (if applicable).
- Organisation certificate.
- Aadhaar card
- PAN card
- Applicant’s photograph
- Specimen signature of the applicant
- Bank statement with a canceled cheque
- Business plan or project report
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Simple Procedure for Registration
To register for Bihar Udyami Yojana, individuals are required to follow the simple step-by-step process that is listed below:
- Open your preferred browser and enter the Bihar Udyami portal on the search bar. Various results will appear. Click on the official website. To directly reach the official website, tap on https://udyamiuser.bihar.gov.in/login.
- After getting into the portal, click on “Registration/Login” and select “Mukhyamantri Udyami Yojana”.
- You will be directed to a new page, requiring you to enter your UID number and create a password.
- Now tap on the “Login” option. A registration form will appear on the screen.
- Fill in the required details and cross-check them.
- At the end, tap on the “Submit” button and complete your registration process.
Mukhyamantri Udyami Yojana Apply Online
For “Mukhyamantri Udyami Yojana apply online” go through the procedure mentioned below:
- Click on the provided link https://udyamiuser.bihar.gov.in/login to open the official website.
- Now, log in with your credentials such as Aadhaar number and password.
- The application form will be displayed on your dashboard of the portal. Fill in all the required details.
- Submit all the documents as per the instructions mentioned in the portal.
- Double-check all the entered details carefully to not leave any scope of mistake.
- Submit the application form by tapping on the submit button.
- Download the acknowledgment receipt on your device or take the printout of the application form for future reference.
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Exclusive Features of Mukhyamantri Udyami Yojana
Launched for people belonging to the economically weaker category, there are various objectives to start the scheme. Details related to these objectives are listed below:
- Credit support: It provides loans of up to Rs 10 lakh to individuals desiring to start their business, however limited by their financial conditions.
- Job opportunities: It intends to generate self-employment opportunities for people of Bihar.
- Promote entrepreneurship: By providing economic incentives to develop businesses, it cultivates a thriving environment for entrepreneurship.
- Improves Standard of Living: Through financial benefits, it improves the economic stature of people in society and raises the living standards.
- Economic growth: By generating employment opportunities for people, it aims to reduce unemployment and thus boost the economic growth of the state.
What are the benefits of Mukhyamantri Udyami Yojana?
There are various benefits of this scheme for small businesses and startups to build businesses, which are discussed below:
- Financial help: Under this scheme, people are given ₹10,00,000/- loan in the form of a non-repayable grant, a 50% interest-free loan, and a 50% grant to begin their own business.
- Training programs: Business training programs and sessions are offered to equip young entrepreneurs with the required entrepreneurship skills for building successful businesses.
- Technological tools and machinery: Modern technology, including tools and machinery, is provided to increase efficiency and generate profit in the business.
- Promotional support: People starting their businesses will be facilitated to market their products and services for proper brand positioning.
Project list of Bihar Udyami Yojana
To establish a business in various fields, a project list has been released by the government, allowing entrepreneurs to get loans and other benefits in their chosen fields. Check out the project list given below and select the preferred area of business to get related credit support.
- It Business Centre (Web Designing Centre & Web Software Development)
- Cooler Manufacturing
- Agri Equipment Manufacturing Unit
- Gate grill Fabrication Unit / Welding Unit
- Leather and Rexin Sheets Cover for Vehicles
- Leather Shoes
- Pulse Mill
- Note Book/Copy/File/Folder Manufacturing
- Cattle Feed Manufacturing
- PVC footwear
- Medical Diagnostic Centre
- Poha/Chura Manufacturing Unit
- Manufacturing of Steel Furniture, Box / Trunk/ Racks, Almirah
- Ice Cream Manufacturing
- Atta, Sattu & Besan Manufacturing
- Auto Garage
- R.C.C. Spun Hume Pipe
- Computer Hardware Assembling Maintenance & Networking
- Knitting Machines & Garments
- Corn Flakes Manufacturing
- Leather Accessories like Belts, Wallets Bags, & Gloves etc.
- Jam/Jelly/Sauce Manufacturing
- Detergent Powder, Soap & Shampoo
- Disposable Diapers and Sanitary Napkins
- Dry Cleaning
- Oil Mill
- Plastic Items / Boxes / Bottles
- Fruit Juice
- Flex Printing
- Carpentry & Wood Furniture Workshop
- Bamboo Article and Furniture Manufacturing unit
- Seed Processing & Packaging
- Cane Furniture Manufacturing)
- Bakery Products (Bread, Biscuits, Rusk, etc.
- Bed Sheet with Pillow Covers Set)
- Carpentry
- Makhana Processing
- Honey Processing
- Spice Production
- Poultry Feed Manufacturing
- Readymade garments
- Rolling Shutters
- Cement Jalli, Doors, windows, etc.
- Stabilizer / Inverter / UPS / CVT assembling
- Sports Shoes
- Light Commercial Vehicle Body Building
- Hospital Bed / Trolleys Manufacturing Unit
- Establishment of Dhaba/ Hotel/Restaurant/Food on Wheels
FAQs For Bihar Udyami Yojana
Q.1. Who is eligible for the Bihar Udyami Yojana?
A.1. A person who is a permanent resident of Bihar, whose age belongs to the age group of 18 to 50 years, completed graduation, and has a current account in a nationalized bank is eligible for Bihar Udyami Yojana.
Q.2. What documents are required for Udyami Yojana?
A.2. The documents required for Udyami Yojana are Permanent residence certificate, Matriculation certificate, Intermediate or equivalent qualification certificate, Caste certificate, Organisation certificate, Aadhaar card, PAN card, Applicant’s photograph, and Specimen signature, etc.
Q.3. What is the age limit for Mukhyamantri Yuva Udyami Yojana?
A.3. The age limit for Mukhyamantri Yuva Udyami Yojana is 18 to 40 years.
Q.4. What are the benefits of Udyami Yojana?
A.4. The benefits of Bihar Udyami Yojana include up to ₹10,00,000/- loan, a 50% interest-free loan, Business training courses, and technological & marketing support.
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