Mukhyamantri Alpsankhyak Udyami Yojana: On September 25, 2024, Chief Minister Nitish Kumar started the Mukhyamantri Alpasankhyak Udyami Yojana. This programme helps women and minority youth in Bihar who are out of work build their own enterprises by giving them money. The government will provide each new business up to 10 lakh rupees under this plan.
DBT (Direct Benefit Transfer) will send money straight to the bank account of the person who benefits. It wants to help business owners and lower the unemployment rate among minorities. Only unemployed men and women of colour who want to establish new businesses will be able to apply.
Purpose of the Mukhyamantri Alpsankhyak Udyami Yojana
Bihar’s Chief Minister for the Minority Entrepreneur Scheme Goal: This program’s goal is to boost the industrial sector and help unemployed minority men and women find work by giving them loans of up to 10 lakh rupees. There is also a grant of 5 lakh rupees. This help lets young people from minority groups start their own businesses without worrying about money and raise their standard of living. The plan will encourage people to start their own businesses and work for themselves.
Why is training mandatory in this scheme?
Before receiving financial assistance, applicants must participate in mandatory training sessions. These training programs are designed to:
Develop entrepreneurial and business skills.
Provide knowledge about financial management, marketing, and operations.
Ensure that beneficiaries can use financial assistance effectively.
Who will be eligible to apply for this scheme?
To apply, the applicant must meet the following eligibility criteria:
Must be a permanent resident of Bihar.
Must have passed 10+2/Intermediate/ITI/Polytechnic Diploma or equivalent.
Must belong to a minority community.
The business unit must be a proprietorship or a partnership firm.
Age must be between 18 and 50 years.
Who will not be able to apply for this scheme?
Applicants who are already applying under the following schemes will not be able to apply for this-
Chief Minister Youth Entrepreneurship scheme.
Chief Minister Scheduled Caste/Scheduled Tribe Entrepreneurship scheme.
Chief Minister Backward class Entrepreneurship scheme.
Application Process
Online Registration:
Visit the official portal and click ‘Registration/Log in’.
Select Mukhyamantri Alpasankhyak Udyami Yojana
Enter your Aadhaar number and create a password.
Click on ‘Login’ to access the registration form.
Fill in the correct details and attach the required documents carefully.
Finally, submit to complete the Registration.
Online Application:
Log in with your Aadhaar number and password.
Access the application form.
Enter the details and attach the required documents.
Review the application form and submit it.
How much financial assistance is provided?
This scheme provides financial assistance up to Rs.10,00,000/- to support small businesses, create employment, and promote economic empowerment.
The amount is divided into two parts-
50% is given as a non-refundable grant.
50% is provided as an interest-free loan.
Frequently Asked Questions (FAQs)
How much grant is given to beneficiaries/
50% of the scheme cost, up to 5 lakh rupees, is given as a grant.
What benefits are provided under the scheme?
Unemployed minorities get up to 10 lakh rupees to start their own businesses.
In which state was Mukhyamantri Alpsankhyak Udyami Yojana started?
It was started in Bihar.
Who launched the Mukhyamantri Alpsankhyak Udyami Yojana?
Chief Minister Nitish Kumar launched it on 25 September, 2024.