Mukhyamantri Udyami Yojana 2024: Benefits, Objective, Eligibility & All Information
Mukhyamantri Udyami Yojana
Mukhyamantri Udyami Yojana: The government launches numerous initiatives, as you are all aware, to raise the employment ratio. We are going to tell you details on one such program today. the Bihar Chief Minister Entrepreneur Scheme, to put it simply. You may learn everything there is to know about this strategy by reading this article. For example, the definition of the Bihar Mukhyamantri Udyami Yojana, its goals, advantages, characteristics, eligibility, crucial paperwork, and the application procedure. Friends, we kindly ask that you read our post through to the conclusion in order to obtain all of the pertinent facts regarding the Bihar Mukhyamantri Udyami Yojana 2023.
The government of Bihar introduced this initiative for people who belong to the Scheduled Caste and Scheduled Tribe categories. The government would offer an incentive of Rs 10 lakh for the establishment of an industry under this initiative. In order to assist businesses, the government started this program. It is anticipated that the Bihar Mukhyamantri Udyami Yojana 2023 will reduce unemployment rates and offer financial assistance to residents who fall under the Scheduled Caste and Scheduled Tribe classifications. so that he may start his own company. The Mukhyamantri Udyami Yojana has a budget of Rs 102 crore, according to the Bihar government.
For those who have completed their training, the Chief Minister Udyami Yojana 2023–24 will pay out the first installment on Thursday. On Thursday, the industries department of Bihar is hosting a one-day orientation event in Patna’s Bapu Auditorium. Chief Minister Nitish Kumar will be the program’s chief guest. recipients who have uploaded their current account information to the portal and finished Phase 1 training. They will receive the first installment. The proposal said that the Additional Chief Secretary would select the remaining winners through a computer lottery on December 4.
To date, more than 1.5 lakh people have sought to be eligible for benefits under the Chief Minister Entrepreneur Scheme.The deadline for applications is this Saturday. According to an estimate from the Industries Department, there may be more than 2 lakh applications this time around as well. The Chief Minister Entrepreneur Scheme would help 8,000 Bihari citizens, 2000 of them are women. Under this umbrella are four programs: Chief Minister Scheduled Caste, Tribal Entrepreneur Scheme, Chief Minister Yuva Bhoomi Yojana, and Chief Minister Mahila Entrepreneur Scheme.
Information about 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/
Years
2023
Objective of 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.
Loan will be provided 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. Youth from all categories will be encouraged to launch businesses under this program. For which a loan of up to Rs 10 lakh will be given to them. In addition, the beneficiary will be required to pay 1% interest on the remaining ₹ 500,000, with the government matching 50% of the program’s total cost up to a maximum of ₹ 500,000. This loan sum will
Benefits and features of Bihar Mukhyamantri Udyami Yojana
The Bihar Chief Minister Entrepreneur Scheme offers a Rs. 10 lakh incentive from the government to establish an industry.
This scheme is only available to residents who fall under the Scheduled Caste and Scheduled Tribe categories.
The Bihar Mukhyamantri Udyami Yojana 2023 is an attempt by the Bihar government to promote industry.
This program will lower unemployment rates.
This initiative will also benefit the members of Scheduled Tribes and Scheduled Castes in terms of their economic standing.
The Bihar government has allocated Rs 102 crore to this project.
Five lakh will be given as a gift and five lakh as an interest-free loan out of the ten lakh rupee incentive.
Sectors will be advanced via
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.
A grant of up to ₹ 500000, or 50% of the total amount paid under the Bihar Mukyamantri Udyami Yojana, would be given out.
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.
Eligibility to apply
Women and young entrepreneurs can apply for the Mukyamantri Udyami Yojana under the categories of Scheduled Caste, Scheduled Tribe, and Extremely Backward Class. All of these kinds of entrepreneurs fall under the following eligibility.
The applicant needs to live in Bihar permanently.
A current account is required in order to participate in this plan.
On his personal PAN, the entrepreneur can operate a proprietorship firm.
The candidate’s age range should be 18 to 50 years old.
The benefits of this program are only available to proprietorships, partnerships, limited liability companies, and LLPs.
The applicant’s educational background should be 10+2 or Intermediate, ITI, Polytechnic, Diploma, or comparable.
The candidate must be a member of the most disadvantaged class, women’s or youth category, 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
You must now enter the specifics about your schooling.
You must select the contribute 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
After this you will have to click on the add option.
Third Step
Now you have to enter your family details.
You have to enter the following information in the family details.
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.
Now you have to click on the pair option.
Fourth Step
After this you have to enter the details of the organization.
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 must now select the pair option.
Fifth Step
You then need to provide the project specifics.
The following details must be entered into the project description.
Project Title
Have you attended any project-related skill training? If not, you must save and continue. If so, enter the training institute’s name, the year, the trend, the duration, and click the “Add” button.
Has a name been given to the land or shed? If not, save and move on to the next step; if so, you’ll need to enter the land’s data.
You will then need to select 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.
Name of bank
branch Name
Account Type
ifsc code
Account Number
Transaction ID only
You must now select the “Save” option.
Seventh Step
Following this, you will need to upload the following documents.
caste certificate
photo of signature
profile photo
cancel check skill
certificate of training
Land related receipt/lease related documents/rental deed
Institution/Unit Private PAN Card
Institution/Unit Certificate
residential certificate
Certificate of Highest Educational Qualification
Intermediate equivalent
Matric/10th pass certificate
You now need to verify the information entered into each form.
You must select Check Form Data before submitting in order to accomplish this.
You must select the Verify button located beneath all details after you have finished inspecting.
Following this, you will need to review every document that you have uploaded.
At this point, you need to select the Verify Uploaded Documents option.
Following this, you must select the “Submit Form” option.
You now need to mark the declaration.
Following this, you must select the choice for the final submission.
You can then apply under the Bihar Chief Minister Udyami Yojana.
Process to login to Mukhyamantri Udyami Yojana portal
The industries branch of bihar’s legitimate website have to be visited first.
The main screen will now appear in the front of you.
You may then need to choose the login choice.
Q: What are the benefits of being an entrepreneur?
Ans: An innovator is a businessperson. He is a risk-taker and capital investor who is innovative. He generates jobs in the process. resolves issues, raises standards, and pursues greatness.