Scheme Name: Mukhyamantri Yuva Udyami Yojana

State: Bihar

Description of the Scheme: Youth-irrespective of caste and creed, wishing to start entrepreneurship, will get a loan of Rs 10 lakh, in which Rs 5 lakh would be a grant from the state government and the rest Rs 5 lakh will come as loan, refundable in 84 instalments.

Target group : Youth

Sector of the Scheme: Multiple Sectors

Eligibility Criteria: Youth-irrespective of caste and creed who are resident of Bihar, wishing to start entrepreneurship activity.

Nature & Mode of Assistance: The selected candidate would be charged token 1% interest on the loans provided.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Department of Industries, Bihar government

Whom to Contact: http://www.udyogmitrabihar.in/