Scheme Parameters

Details

Scheme name

Bihar Mukhyamantri Mahila Udyami Yojana

Launched Date

18th June 2021

Started By

Chief Minister Nitish Kumar

Objective

It aims to help women who want to start a new business or expand their existing business.

Beneficiary state

Bihar

Beneficiaries

Women thinking of starting a business and Transgender individuals.

Financial Assistance

Rs. 10 Lakh (Rs. 5 lakh as loan and Rs. 5 lakh as grant amount)

Department implementing the scheme

State Industries Department

Applicant age limit

18-50 years

Application mode

Online

Eligibility Condition

• Intermediate, ITI,Polytechnic Diploma or Equivalent.
• The unit should be registered as Proprietorship Form, Partnership Form, LLP or Private Limited Company.

Benefits & Important Points –

• This scheme is totally interest Free.

• The amount of Rs 5 lakh will have to be repaid in – maximum 84 installments.
• This will make the women of Bihar financially self-dependent.
• Self-employment will be made available to educated women.
• After selection, provision is made for training worth Rs 25000 per unit.