What you get
- 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.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the “Mukhyamantri Mahila Udyami Yojana”?
The "Mukhyamantri Mahila Udyami Yojana" is a component of the "Mukhyamantri Udyami Yojana," aimed at promoting entrepreneurship and self-employment among women and transgender individuals in Bihar.
What is the main objective of this scheme?
The main objective of the scheme is to empower women and transgender individuals by providing financial assistance to establish and operate business ventures, fostering economic growth and self-reliance.
Who is eligible to apply for this scheme?
The applicant must be a permanent resident of Bihar, be a female or transgender, and be aged between 18 and 50 years.
What educational qualifications are required for the scheme?
The applicant should have passed at least 10+2, Intermediate, ITI, Polytechnic Diploma, or an equivalent qualification.
What type of businesses are eligible under this scheme?
The business must be a proprietorship or partnership firm to qualify for assistance under this scheme.
What financial assistance is provided under the scheme?
The scheme provides up to [?]10,00,000/- in financial assistance, with 50% as a non-repayable grant and 50% as an interest-free loan.
Is there any interest charged on the loan component?
The loan component is interest-free, with a nominal 1% interest charged under specific sub-schemes.
Does the scheme include training programs?
Yes, mandatory training sessions are provided to enhance the entrepreneurial skills of applicants.
Can transgender individuals apply for this scheme?
Yes, the scheme is inclusive and provides benefits to transgender individuals along with women.
Is there any age limit for applicants?
Yes, applicants must be between 18 and 50 years of age to qualify for the scheme.
How is the financial assistance disbursed?
The financial assistance is disbursed in installments, with the first installment released after the completion of mandatory training.
What documents are required to apply for this scheme?
Applicants need to provide proof of residence, educational certificates, identity proof, caste certificate (if applicable), and bank account details, among other required documents.
What happens after the application is approved?
Once approved, applicants receive the sanctioned amount in their business account. They must utilize the funds as per the project guidelines provided by the department.