Mukhyamantri Yuva Udyami Yojana

Key Features

Financial Assistance

Component

Assistance Provided

Detailed Explanation of Component & Assistance Provided

Project Cost Support

Up to ₹10 lakh

If your approved project cost is ₹8 lakh, the scheme can finance the full amount subject to eligibility and viability.

Subsidy

50% of project cost (Max ₹5 lakh)

For a ₹10 lakh project, ₹5 lakh will be treated as subsidy and not required to be repaid.

Loan (Interest-Free)

Remaining 50% (Max ₹5 lakh)

For the same ₹10 lakh project, ₹5 lakh is given as an interest-free loan, which you repay in instalments as per guidelines.

Eligibility Criteria

Who Can Apply:

Who Can Apply:

Documents Required

Application Process for the Scheme

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 with Official Portal of Bihar Industries Department

  1. Visit the official portal of Udyami Bihar
  2. Register using Aadhaar and personal details.
  3. Fill an online application form with project details.
  4. Upload required documents.
  5. Submit application and note acknowledgement number.
  6. Attend an interview/screening if shortlisted.
  7. Track application status online.
  8. Contact District Industries Centre (DIC) for grievance or clarification.

Frequently asked questions

Is this scheme available throughout Bihar?

Yes, the scheme is applicable across all districts of Bihar. Applications are processed district-wise through respective District Industries Centres under the Industries Department.

Can an existing business apply?

No, only new enterprises are eligible under this scheme. Existing businesses or expansion projects are not covered.

Is the subsidy amount refundable?

No, the subsidy portion (up to ₹5 lakh) is not refundable, provided the enterprise operates as per scheme conditions.

What is the repayment period for the loan?

The interest-free loan portion must be repaid in installments within the timeline prescribed by the Department. Exact repayment schedule is notified in the sanction letter.

Is there any application fee?

As per official guidelines, no major application fee is charged. Minor portal-related charges, if any, are notified in the official notification.

Are service sector units eligible?

Primarily manufacturing units are supported. Certain notified service activities may be eligible. Trading businesses are generally excluded.