MAUYB

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.

The “Mukhyamantri Alpasankhyak 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 applicants from Minority communities for establishing and operating business ventures, thereby fostering economic growth and empowerment in the state.

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• The applicant must be a permanent resident of Bihar.
• The applicant must belong to the Minority community.
• 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.

> Note:

• Women belonging to the minority community have the option to apply for either of the following schemes, based on their preference:

• Mukhyamantri Mahila Udyami Yojana
• Mukhyamantri Alpasankhyak Udyami Yojana

• 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.

• Applicants under this scheme are not permitted to apply for the following schemes:

• Mukhyamantri Yuva Udyami Yojana.
• Mukhyamantri Anusoochit Jati / Anusochit Janajaati Udyami Yojana.
• Mukhyamantri Ati Pichhada Varg Udyami Yojana.