Mukhyamantri Udyami Yojana 2026: Get ₹10 Lakh Loan with ₹5 Lakh Subsidy
The Government of Bihar continues to promote entrepreneurship among youth through various initiatives. One of the most impactful schemes is the Mukhyamantri Udyami Yojana 2026. Under this scheme, eligible candidates can receive financial assistance of up to ₹10 lakh, out of which ₹5 lakh is provided as a subsidy.
This scheme is designed for individuals who aspire to start their own business instead of seeking jobs. In this article, you will find complete details including eligibility, benefits, application dates, and the step-by-step online application process.
What is Mukhyamantri Udyami Yojana 2026?
Mukhyamantri Udyami Yojana is a flagship entrepreneurship promotion scheme by the Bihar Government. It aims to support small and medium enterprises (SMEs) by providing financial assistance to start or expand businesses.
The most attractive feature of this scheme is that 50% of the loan amount (up to ₹5 lakh) is provided as a subsidy, which does not need to be repaid.
Important Dates
| Event | Date |
|---|---|
| Official Notification Release | 25 February 2026 |
| Application Start Date | 25 February 2026 |
| Last Date to Apply | 15 March 2026 |
| Application Mode | Online |
Objectives of the Scheme
- Promote self-employment among youth
- Reduce unemployment in Bihar
- Encourage startups and local industries
- Empower women and economically weaker sections
- Create job opportunities within the state
Key Benefits
- Financial assistance up to ₹10 lakh for business setup
- Subsidy of up to ₹5 lakh (non-repayable)
- Low-interest loan on remaining amount
- Free training in business management and marketing
- Priority for new entrepreneurs and startups
Eligible Business Categories
The scheme supports a wide range of business sectors including:
- Manufacturing units
- Food processing industries
- Garment and textile business
- Mobile and electronics repair services
- Furniture manufacturing
- Dairy and animal husbandry
- Service sector (IT, printing, repair services, etc.)
Eligibility Criteria
- Applicant must be a permanent resident of Bihar
- Age should be between 18 to 50 years
- Minimum qualification: 10th/12th pass or equivalent
- Only one member per family can apply
- Applicant should not be availing benefits of similar schemes
- PAN card is mandatory
Required Documents
- Aadhaar Card
- Residence Certificate
- Bank Passbook
- Caste Certificate
- Income Certificate
- PAN Card
- Passport Size Photograph
- Mobile Number
- Educational Certificates
- Project Report
- Date of Birth Proof
Selection Process
The selection process is now completely merit-based.
- Applications are verified by the concerned authority
- Selection is based on project viability and documents
- Shortlisted candidates undergo 6 days of training
- Funds are released in three installments after training
How to Apply Online
- Visit the official website: udyami.bihar.gov.in
- Click on the “Registration” option
- Enter your basic details and verify via OTP
- Login using your credentials
- Fill in personal and business details carefully
- Upload all required documents
- Review and submit the application form
- Download and save the acknowledgement receipt
Conclusion
Mukhyamantri Udyami Yojana 2026 is a golden opportunity for aspiring entrepreneurs in Bihar. With financial support of up to ₹10 lakh and a subsidy of ₹5 lakh, this scheme reduces the burden of starting a new business.
If you have a strong business idea and want to become self-reliant, this scheme can help turn your vision into reality.
Frequently Asked Questions (FAQs)
What is Mukhyamantri Udyami Yojana?
It is a Bihar Government scheme providing financial assistance to youth for starting businesses.
How much financial support is provided?
Up to ₹10 lakh, including ₹5 lakh subsidy and ₹5 lakh loan.
Is the entire loan amount waived?
No, only ₹5 lakh is provided as subsidy. The remaining amount must be repaid.
Is collateral required?
No, no collateral or security is required.
What is the main objective?
To promote entrepreneurship and reduce unemployment in Bihar.
