Mukhyamantri Udyami Scheme (मुख्यमंत्री उद्यमी योजना) Updates : Know About Eligibilty and Apllication Process!
Updated: 28-01-2025 at 6:36 AM
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Bihar's entrepreneurship scheme, Mukhyamantri Udyami Yojana has helped several small entrepreneurs start their businesses in 2016. To help more entrepreneurs come forward and start their enterprises, the government has decided to extend the deadline for the application of the Udyami Scheme to 2024-25.
Recently Government of Bihar also introduced the Selection List of the candidates under Udyami Scheme, basically the names of those candidates who will be getting the loan from the government under this scheme
Mukhyamantri Udyami Yojana: Overview
| Name of the scheme | Mukhyamantri Udyami Yojana |
|---|---|
| Launched by | State government of Bihar |
| Launched in | 2018 |
| Objective | To promote entrepreneurship in the youth of the country |
| Target group | Unemployed youth aged between 18-50 years |
| Benefits | Provides technical and financial support with subsidised interest rates |
What Is Mukhyamantri Udyami Yojana (बिहार उद्यमी योजना)?
The Mukhyamantri Udyami Yojana was introduced by the Bihar government to help and promote people to establish their businesses. Interested people can apply for this govt scheme and get a loan of up to Rs. 10 lakhs. Along with that, a 50% subsidy will also be given, that is, Rs. 5 lakhs will be taken care of.
The main objective of this Mahila Udyami Yojana or Sarkari yojana is to provide employment and tackle unemployment in Bihar. People from Bihar are coming forward and showing interest in starting their enterprises, so the government has decided to extend the application period for the year 2024-25. The application process started on July 1, 2024, and has been extended to August 16, 2024.
Read more: What You Need To Know About Berojgari Bhatta Yojana
Key Features
Certain features of the Mukhyamantri Udyami Yojana (बिहार उद्यमी योजना) help in outlining all of the scheme’s goals. Some of the key features are:
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Monetary support: Financial aid of Rs. 10 lakhs is provided to the people who are eligible and register for the scheme. The interest on the loan is subsidised by the government so that people can avail of it without worrying about falling into debt traps.
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Implementation: The Mukhyamantri Udyami Yojana is implemented through local bodies set up in each district under the purview of the state government of Bihar.
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Continuous monitoring: The authorities working for the govt. scheme is continuously monitoring and following up with the businesses and ensuring that the scheme is being properly implemented.
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Online Process: The application process for the Mukhyamantri Udyami Yojana is online which makes it convenient and easy for businesses to apply for the scheme from the comfort of their homes.
Also read: Pradhan Mantri Mudra Yojana
Benefits Of Mukhyamantri Udyami Yojana
There are numerous benefits associated with the Mukhyamantri Udyami Yojana. Some of the major benefits are listed below in detail:
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No collateral: The financial assistance provided in the form of loans can be availed by eligible businesses without depositing any kind of collateral.
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Training: Under the Mukhyamantri Udyami Yojana, various training programs are organised in sectors such as manufacturing, service, etc. so that businesses can grow.
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Poverty reduction: The govt. scheme aims to reduce the rate of poverty in the country by enabling people to have a stable source of income.
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Subsidies: The Mukhyamantri Udyami Yojana provides loans with highly subsidised rates of interest that enables businesses to attain financial independence.
Financial Benefits
| Component | Description |
|---|---|
| Amount of financial assistance | Up to Rs. 10 lakhs |
| Subsidy is given on | 50% of the total loan amount |
| Grant | 30% of the loan amount is given as a grant |
| Contribution by registered businesses | Rest 20% of the loan amount to be contributed by the government |
| Interest | Subsidy is given on interest on the loan |
| Collateral | No collateral is needed |
Also read: CM Nari Shakti Yojana
Eligibility Criteria
People who meet the following criteria can apply for the government scheme. The eligibility criteria for the Mukhyamantri Udyami Yojana is as follows:
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Must be a permanent resident of Bihar.
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Only Scheduled Caste or Scheduled Tribe/unemployed youth/women.
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Should be between the ages of 18 to 50 years.
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In the case of sole proprietorship, the applicant must have a personal current account.
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Mandatory for the applicant to form his firm or company and get it registered.
Application Process For The Mukhyamantri Udyami Yojana
Applicants who meet the eligibility criteria can follow these steps to apply for the govt scheme.
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Visit the official website of the Mukhyamantri Udyami Yojana.
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Enter the required information to register.
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Click on “Get OTP”.
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After logging in, give the required details and documents in the application form (मुख्यमंत्री युवा उद्यमी योजना फॉर्म).
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Submit the application form.
Read more: Empowering Dreams: The Mukhyamantri Aawasiye Bhu-Adhikaar Yojana
Track Your Udyami Yojana Application Status
To check the status of your application for the Mukhyamantri Udyami Yojana, you can follow these steps:
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Visit the Official Portal: Now take a look on the link of Mukhyamantri Udyami Yojana of Bihar state government.
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Navigate to Application Status: After you login, search for a link with the label like “Cheque Application Status”, “Application Tracker” or “Selection Listing”.
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Enter Required Details: Fill in the required details which include your application number or your registered mobile number before proceeding.
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View Your Status: On submission of the details, your application status will be availed to you on the system. When selected, you should see confirmation details and if your application is still under consideration, it will show as “Pending.”
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Download the Selection List: If a selection list has been produced you are free to access this list under the portal to see whether your name is part of the list.
Documents Required
Applicants need to submit certain supporting documents to complete the application process for the Mukhyamantri Udyami Yojana. The list of documents is as follows:
- Aadhar card
- Domicile certificate
- Caste certificate (if needed)
- Educational mark sheets
- Birth certificate
- Business plan
- PAN card
- Bank account details
- Self -declaration
Mukhyamantri Udyami Yojana Selection List 2024-25
The below mentioned table carries the important links which will lead you to the final names of the beneficiary candidates under this scheme:-
| Category | Type | Links |
|---|---|---|
| SC/ST | ||
| 1 | A | Click Here |
| 2 | B | Click Here |
| 3 | C | Click Here |
| EBC | ||
| 1 | A | Click Here |
| 2 | B | Click Here |
| 3 | C | Click Here |
| MAHILA | ||
| 1 | A | Click Here |
| 2 | B | Click Here |
| 3 | C | Click Here |
| YUVA | ||
| 1 | A | Click Here |
| 2 | B | Click Here |
| 3 | C | Click Here |
| MI | ||
| 1 | A | Click Here |
| 2 | B | Click Here |
| 3 | C | Click Here |
Conclusion
Tackling unemployment is a very tedious task. The Mukhyamantri Udyami Yojana (बिहार उद्यमी योजना) by the government has helped several people in Bihar establish their businesses and enhance their livelihoods. With the extension of the government scheme, more people will be benefited from it and it will not only help them but will also enhance the state’s financial position.
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