Bihar Udyami Yojana 2024: Objective, Benefits, Features & Apply Online
Bihar Udyami Yojana
impoverished residents. The Bihar government has launched a new program called the Bihar Mukhyamantri Udyami Yojana in order to provide us this chance. Please read this post through to the end as we will be providing you with all the information you require regarding this scheme. If you read our article through to the conclusion, you will learn everything there is to know about this program, including what the Bihar Chief Minister Udyami Yojana is, its goals, its characteristics, its benefits, and its eligibility.
The Bihar government launched this program for all residents who belong to Scheduled Castes and Scheduled Tribes. The government would provide residents with an incentive to establish companies through this initiative worth up to Rs. 1000000. The government has launched this program in an effort to support the industry. in order for him to launch his own business. All unemployed people would be provided work under the Bihar Mukhyamantri Udyami Yojana 2024, which will cut unemployment rates and allow individuals of Scheduled Castes and Scheduled Tribes to get financial aid for starting their own enterprises. The Mukhyamantri Udymi Yojana has a budget of Rs 102 crore set by the Bihar government.
Information about the Bihar Chief Minister Entrepreneur Scheme
name of the scheme
Bihar Chief Minister Entrepreneur Scheme
who launched
Bihar Government
beneficiary
Scheduled Caste and Scheduled Tribe citizens of Bihar
Objective
To encourage the establishment of industries
Incentives
10 lakh rupees
official website
https://udyami.bihar.gov.in/
Year
2024
date of application
15 to 30 September
The Objective of the Bihar Chief Minister Entrepreneur Scheme
The state’s small and microindustry development is the primary goal of the Mukyamantri Udyami Yojana. Scheduled Caste and Scheduled Tribe persons will receive financial help through this plan. in order for him to launch his company. Mukyamantri Udyami Yojana will also result in a decrease in the unemployment rate. The youth of Scheduled Tribes and Scheduled Castes will benefit from this in terms of improved livelihood.
Bihar Mukhyamantri Udyami Yojana Loan will be given at 1% interest
By working for themselves, state residents will not only become self-sufficient but also have the ability to employ other state residents. The government of Bihar is attempting to encourage self-employment in a number of ways. For which the government is initiating a variety of programs. The Bihar Chief Minister Udyami Yojana is one such program. This program will inspire young people in all categories to start their own enterprises. For which they will receive a loan of up to Rs 10 lakh. Furthermore, the recipient must pay 1% interest on the remaining ₹ 500,000, with the government covering 50% of the program’s total cost up to ₹ 500,000 maximum. This loan sum will
Loan will be provided to women without interest
The government is offering all female entrepreneurs who start new businesses a loan of up to ₹1000000 under the Bihar Mukhyamantri Udyami Yojana. The remaining ₹500,000 would be paid interest-free, and the government will also provide a subsidy equal to half of the entire cost, up to ₹500,000. The beneficiary will need to receive this money back in 84 payments. For an entrepreneurial woman to be eligible for rewards under the Bihar Mukhyamantri Udyami Yojana 2024, she must submit a project report.
Selection process under Bihar Mukhyamantri Udyami Yojana
An eleven-person committee led by the Industries Department’s Additional Chief Secretary will make selections under this plan. Under this system, the application procedure would be conducted online. which the portal is set to launch for. The administration has also released selection guidelines. Under the Bihar Chief Minister Udyami Yojana, all entrepreneurs must submit an application along with details on their project report and budget. The committee will then assess the project and the funding.
Bihar Chief Minister Entrepreneur Scheme Incentive Amount
As everyone is aware, the Bihar government has given the go-ahead to launch the Bihar Mukhyamantri Udyami Yojana on April 19. As part of this initiative, all recipients of the Bihar Mukhyamantri Udyami Yojana will receive an incentive payment of Rs 10 lakh. Five lakhs will be given as grants and five lakhs as interest-free loans out of these ten lakhs.
The government of Bihar has decided to give young people in the state a grant of Rs 10 lakh, to be paid in two equal installments, so they can launch their own businesses in the upcoming fiscal year in accordance with industry standards. It must be paid in 84 installments by the beneficiary. The Bihar government has allocated Rs 200 crore for this programme. If you
Benefits and Features of Bihar Chief Minister Udyami Yojana 2024
The government would offer an incentive of Rs 10 lakh for the formation of companies under the Bihar Chief Minister Udyami Yojana.
The benefits of this system are only available to citizens of Scheduled Tribes and Scheduled Castes.
Through the Bihar Chief Minister Entrepreneur Scheme, the Bihar government is attempting to support the sector.
This plan will help to reduce the unemployment rate.
The citizens of Scheduled Tribes and Scheduled Castes will also benefit economically from this initiative.
The Bihar Mukhyamantri Udyami Yojana 2024 has a budget of Rs 102 crore, according to the Bihar government.
A grant of Rs 5 lakh and an interest-free loan of Rs 5 lakh would be provided under this program, with the incentive sum of Rs 10 lakh.
Key points of Bihar Chief Minister Entrepreneur Scheme
Only new business owners will benefit from the Bihar Mukhyamantri Udyami Yojana: Only new business owners who establish new industries will receive advantages. All recipients will also receive the benefits of the Bihar Industrial Investment Promotion Policy.
Following the selection of the initiative’s recipients, each unit will get ₹25,000 in training funding.
Grant amount: Grants up to ₹ 500000, or half of the funds provided via the Bihar Mukyamantri Udyami Yojana, will be awarded.
Loan repayment schedule: This plan requires a deposit of 50% of the project cost, up to a ₹ 500000 interest-free loan. This money must be deposited by the beneficiary over the course of seven years in 84 equal installments.
Mukhyamantri Udyami Yojana 2024 – Eligibility to apply
Women and young entrepreneurs belonging to Scheduled Caste and Scheduled Tribe, an exceptionally backward community, are eligible to apply for the Mukhyamantri Udymi Yojana. All of these categories’ entrepreneurs are eligible in the following ways.
The candidate must reside in Bihar permanently.
It is necessary to have a current account to make use of this scheme’s benefits.
The business owner may operate a proprietorship firm on his personal PAN.
The applicant’s age should range from at least 18 to at most 50 years old.
This offer is only available to Private Limited Companies or Proprietorship Firm Partnership Form LB.
The candidate should have completed an Intermediate ITI Polytechnic Diploma or Ten Plus Two, or an equivalent certificate.
The candidate must belong to one of the following categories: women, youth, most backward class, scheduled caste, or scheduled tribe.
Important documents
The following are some essential documentation for applicants who belong to the Most Backward Class, Scheduled Tribe, Scheduled Caste, Women, and Youth Entrepreneurship.
Address proof
matriculation certificate
Intermediate or equivalent qualification certificate
The process to apply under Bihar Chief Minister Udyami Yojana?
Registration process
The Industries Department of Bihar’s official website must be visited first.
Its homepage will now appear to you.
You must select the registration link on its main page.
A new page will then appear in front of you after this.
You must fill out the following form on this page.
Your name
email id
gender
mobile number
Aadhar card
Application Type
You will then need to select the “Get OTP” option.
You must now proceed to the MLA OTP box.
You then need to select the “Verify” option.
login process
Following that, your mail ID will receive a login and password.
Using this login password is required for login.
Bihar Mukhyamantri Udyami Yojana 2024 – Application Form
The application form will then appear in front of you after this.
The following data must be entered into this application form.
First stage
You must enter your personal information first.
The following is the personal data.
Name of applicant
gender
date of birth
Name of mother/father/husband/guardian
marital status
applicant address
Aadhaar number of the applicant
mobile number
email id
Application Type
caste
highest educational qualification etc.
After this, you will have to click on the save option.
second phase
You must now enter the specifics about your schooling.
You must select the Contributor Educational Details and Add Proficiency Training Course options if you would want to contribute your educational background and proficiency training course enrollment, respectively.
You now need to input the following data.
Board / Institution Name
Board/Institution Roll Number
year of passing
Subject
Name of Training Institute
Year
trend
Duration
You will then need to select the “Add” option.
third step
You must now enter your family’s information.
The following data must be entered in the family details field.
Application’s profession, monthly earnings, company overview, and primary family enterprise
The total yearly income of Riwar
Does anyone in the family work for the government?
You must now select the pair option.
fourth step
You then need to enter the organization’s details.
The following data must be entered into this description.
Have you established a Private Limited Company, Partnership Firm, LLP, or proprietorship?
designation associated with the applicant’s institution or unit
Kind of organization or group the candidate is a member of
Name of Organization/Unit
Address registered with the organization or unit
You will then need to select the “Save” option.
You must select the Add Promoter/Director/Partner option if you wish to add a Promoter, Director, or Partner to your organization or company.
Following this, you will need to include the promoter, director, or partner’s name, title, gender, category, and any relevant information.
You need to enter the following information in the project details.
project name
Have you taken any skills training related to this project? If not then you have to save and proceed further and if yes then enter the name of the training institute, year, trend, and duration and click on the add option.
Has the land/shed been identified? If not then save and go to the next step and if yes then you will have to enter the details of the land.
After this, you will have to click on the save option.
sixth step
Filling out the finance statement form is now required.
The following data must be entered into this form.
Specifics of the investment or capital
Is the shop, shed, or structure rented out? If so, you will need to input the amount of rent.
Plot and other real estate working capital machinery and equipment
You will then need to select the “Save” option.
You must now input the bank information.
The following details must be entered in the bank details field.
Bank branch name, account type, and IFSC code
Transaction ID and Account Number alone
You must now select the “Save” option.
seventh step
Following this, you will need to upload the following documents.
You now need to verify the information entered into each form.
To accomplish this, select the Check Form Data option before submitting.
Once you’ve verified, you need to select the Verify button located beneath all the facts.
You will then need to review every document that you submitted.
You must now choose the Verify Uploaded Documents option.
You will next need to select the “Submit Form” option.
You must now check the declaration box.
You then need to select the choice for the final submission.
You can apply for the Bihar Chief Minister Udyami Yojana in this manner.
The process to view Bihar Udyami Yojana Selection List
You have to first visit the industries department of bihar’s reliable internet site.
It’s going to now open to the home page in front of you.
You will then want to select the option to “click right here” beneath “latest activities” to view the Mukhyamantri Udyami Yojana 2023 randomization result.
Your display screen will show a listing of each beneficiary that has been selected.
We’ve given you all the pertinent details about the Mukhyamantri Udyami yojana in this submission. sending an email or calling the helpdesk range can help you clear up any issues you can nevertheless be having. are. the subsequent is the email address and hotline variety.
FAQs
Q: What documents are required under the Mukhyamantri Udyami Yojana?
Ans: The minimum level of education required is an ITI, Polytechnic Diploma, or 10+2. In addition, the matriculation certificate must be submitted electronically in order to validate the date of birth.
Q: What is the Chief Minister Loan Scheme?
Ans: The state government provides youth with financial assistance up to Rs 25 lakh under this plan.
Q: How to do Bihar Udyami Yojana online?
Ans: Boys and girls with intermediate passes who wish to start their own businesses can apply online through the department portal and provide the required paperwork. Under this system, the government provides loans to establish different kinds of businesses, with 50% of the loan amount being subsidized and the remaining balance to be paid back interest-free over seven years.