Mukhyamatri Rojgaar Srijan Yojana
The Mukhyamantri Rojgaar Srijan Yojana (MRSY) is implemented by the Department of Industries, Government of Jharkhand. The scheme is designed to promote self-employment and entrepreneurship among unemployed youth in the state by supporting the establishment of micro and small enterprises.
The main objective of the scheme is to provide financial assistance in the form of subsidy and bank-linked loans to eligible beneficiaries so they can start their own business or industrial unit. It focuses on generating employment opportunities within the state and reducing migration. For you as an MSME or aspiring entrepreneur in Jharkhand, this scheme offers a strong support system to start your business with reduced financial burden and institutional backing.
Key Features
- Focus on Employment Generation - The scheme aims to create sustainable livelihood opportunities by encouraging youth to establish their own enterprises.
- Subsidy-Linked Credit Support - Financial assistance is provided through a combination of subsidy and bank loan, reducing the entrepreneur’s own capital requirement.
- Inclusive Coverage - Special categories such as SC, ST, women, and differently-abled individuals receive higher subsidy benefits, promoting inclusive growth.
- Sector-Wide Applicability - The scheme supports a wide range of activities including manufacturing, services, and small business ventures.
- Institutional Monitoring - Applications are reviewed and approved by district-level committees to ensure transparency and proper implementation.
Financial Assistance
Eligibility Criteria
To qualify for benefits under this scheme, you must meet the following conditions:
- The applicant must be a permanent resident of Jharkhand
- The applicant must be an unemployed youth
- The age should generally be between 18 to 45 years
- The applicant should have minimum educational qualification as prescribed
- The project must be in manufacturing, service, or business sector
- The applicant should not be a defaulter of any bank or financial institution
- The applicant must not have availed similar subsidy for the same project under another scheme
Documents Required
- Aadhaar Card
- Residence proof (Jharkhand)
- Educational qualification certificate
- Project report or business plan
- Bank account details
- Passport size photographs
- Caste certificate (if applicable)
Application Process
Option 1: Apply with Bullit, Recommended
Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.
Option 2: Apply Online (Government Process)
- Visit the official Jharkhand scheme portal
- Register and log in
- Fill in the application form with personal and business details
- Upload required documents
- Submit the application
- Application is reviewed by District Level Committee
- After approval, bank loan is processed and subsidy is linked
Frequently asked questions
What is the objective of MRSY?
The scheme aims to generate employment by supporting unemployed youth in setting up their own enterprises through financial assistance and institutional support.
Who implements the scheme?
The scheme is implemented by the Department of Industries, Government of Jharkhand.
Who can apply for this scheme?
Unemployed youth who are permanent residents of Jharkhand and meet eligibility conditions can apply.
What types of businesses are supported?
Manufacturing, service, and small business activities are supported under the scheme.
What subsidy is provided under the scheme?
Subsidy ranges from 25% for general category to 30–35% for special categories depending on eligibility.
Is a bank loan mandatory under the scheme?
Yes, the scheme is linked with bank loans for financing the project.