Mukhyamantri Alpasankhyak Udyami Yojana

About This Scheme

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. <br>

Eligibility

1. The applicant must be a permanent resident of Bihar. 1. The applicant must belong to the Minority community. 1. The applicant should have passed at least 10+2, Intermediate, ITI, Polytechnic Diploma, or equivalent. 1. The applicant must be aged between 18 and 50 years. 1. 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: 1. Mukhyamantri Mahila Udyami Yojana 1. Mukhyamantri Alpasankhyak Udyami Yojana

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.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.