Mukhyamantri Alpasankhyak Udyami Yojana

DETAILS 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. 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. ELIGIBILITY 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 Exclusions 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.