Mukhyamantri Udyami Yojana Bihar 2024: Bihar Government is Giving Loan Up to Rs 10 Lakh for Setting Up New Enterprises, With 50% Subsidy!

Mukhyamantri Udyami Yojana Bihar: The announcement of the Bihar Mukhyamantri Udyami Yojana 2024–25 by the Department of Industries in Bihar is really excellent news for the people of Bihar. The notification states that the department would begin accepting applications for the Chief Minister Udyami Yojana on July 1, 2024. The online application process for this scheme will be used to accept applications, and it will run until July 31, 2024. The Department of Industries provides loans for the establishment of new industries under the Chief Minister Udyami Yojana. The Department of Industries is offering loans up to Rs 10 lakh under this initiative, and a 50% subsidy is also available.

In order to take advantage of Chief Minister Udyami Yojana, you must apply online if you are a Bihar state citizen and wish to establish a loan-based business. We will give you information on the Bihar Mukhyamantri Udyami Yojana 2024 through this article today so you can see what paperwork is needed to apply and what qualifications are needed to be eligible for this loan. You must attentively study this article through to the conclusion for further information about the scheme.

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Bihar Mukhyamantri Udyami Yojana 2024 Kya Hai ?

The Industry Department of the Bihar government launched the Bihar Mukhyamantri Udyami Yojana with the goal of helping the state’s unemployed people find work and encouraging new businesses. Bihar Mukhyamantri Udyami Yojana is also referred to as the Extremely Backward Class Udyami Yojana, the Women Udyami Yojana, the Youth Udyami Yojana, the scheduled caste Yojana, and the minority Udyami Yojana. It was created by the Chief Minister. With this programme, the government of Bihar provides up to 10 lakhs in funding for the establishment of new businesses. A grant makes up half of this. Moreover, a loan for 50% has no interest. The government offers youth a plethora of additional perks in addition to this.

38,000 young, women, and minorities have received funding to start businesses thus far as part of the Chief Minister Udyami Yojana. Through this programme, unemployed adolescents from all state categories can apply online until July 31, 2024, in order to begin their own employment. As a result, in addition to receiving a loan to begin working for themselves, they will also be able to create a bright future for themselves by learning how to rely on themselves.

Applications for the Bihar Chief Minister Entrepreneur Scheme will start from July 1

The Bihar government is lending up to Rs 10 lakh to women and youth in the state to start businesses as part of the Chief Minister Udyam Yojana. For the fiscal year 2024–2025, the application procedure will open on July 1, 2024, at 11 a.m. State residents who are interested may apply online using the departmental site. The online application process on the platform will remain open until July 31. This programme is open to candidates to apply online through July 31, 2024. The Department of Industries, Government of Bihar, has made it clear that in order to avoid having their application denied, applicants must provide the required papers when submitting their applications online.

Information about Bihar Mukhyamantri Udyami Yojana 2024

Name of scheme	Bihar Mukhyamantri Udyami Yojana
Relevant departments	Industries Department, Government of Bihar
Beneficiaries	Unemployed citizens of the state
Objective	Providing financial assistance to promote enterprises in the state
Loan Amount	Rs 10 lakh
Category	State Government Scheme
Application Process	Online
official website	https://udyami.bihar.gov.in/

Eligibility for Bihar Chief Minister Udyami Yojana 2024

In order to qualify for the Bihar Mukhyamantri Udyami Yojana, you must meet certain eligibility requirements. which are listed below.

• The candidate must be a native of the state of Bihar.
• This plan would be available to unemployed women and youth belonging to Scheduled Tribes and Scheduled Castes in the state.
• The candidate must have completed their 12th grade or have one of the following qualifications: diploma, intermediate diploma, or polytechnic ITI.
• To apply for the Mukhyamantri Udyami Yojana Bihar, candidates must be between the ages of 18 and 50.
• A personal current account in the applicant’s name will be legitimate in the event of ownership.
• The business owner can complete the ownership form on his personal PAN.
• The projected farm’s name ought to be on the current account.

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Documents required for Bihar Chief Minister Udyami Yojana

The following paperwork is required in order for any state citizen who wants to apply for the Bihar Mukhyamantri Udyami Yojana benefits.

• Aadhaar Card
• Residence Certificate
• Caste Certificate
• Age Certificate
• Educational Qualification Certificate
• PAN Card
• Organization Certificate
• Signature Specimen
• Cancelled Cheque
• Passport Size Photograph
• Bank Account Passbook

How to apply online under Bihar Mukhyamantri Udyami Yojana 2024-25?

The steps listed below will make it simple for you to apply online for the Mukhyamantri Udyam Yojana as a young citizen of the state of Bihar.

• A good way to post an online utility for the Mukhyamantri Udyam Yojana 2024–25, you first go to the industries department’s legit internet site, which is run with the aid of the authorities of Bihar.
• Following this, the website’s predominant page will seem to you

• You need to click on the register link on the main page.
• Right now, the login screen will show up.

• where you must select the login option after entering your password and Aadhaar number.
• Clicking will cause the registration form to appear in front of you.
• The necessary data requested in the registration form must now be entered
• The next step is to upload the files that the registration form requests.
• At the end, you need to click the submit button.
• You will then receive a receipt, which you must preserve.
• In the event that the applicant is chosen, the government will send Rs 10 lakh to establish further industries.
• where you must select the login option after entering your password and Aadhaar number.
• Clicking will cause the registration form to appear in front of you.
• The necessary data requested in the registration form must now be entered.
• The next step is to upload the files that the registration form requests
• The submit button must be clicked at the end.
• You will then receive a receipt, which you must preserve.
• In the event that the applicant is chosen, the government will send Rs 10 lakh to establish further industries.

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Bihar Udyam Yojana 2024 Selection Process

The Bihar Udyami Yojana 2024 participants were chosen via a random lottery procedure last year. Benefits under the system were only awarded to people who were chosen through this process. In a similar vein, a lottery system may also be used to choose the beneficiaries this year. Within fifteen days of receiving the applications, the committee examines them and then forwards them to the manager of the District Industries Centre for physical verification.

Following screening, the chosen applicants spend two weeks in training at approved facilities. Subsequently, the committee distributes the initial funding instalment in accordance with the project’s detailed project report (DPR). The beneficiaries receive the entire project funding in three convenient instalments. Applicants are awarded Rs 25,000 per unit for training upon selection.

FAQs

Q. When will the Bihar Mukhyamantri Udyami Yojana’s online application procedure begin?
Ans: July 1, 2024, is the start date of the online application procedure for the Bihar Mukhyamantri Udyami Yojana.

Q. For what duration will the application process for the Bihar Mukhyamantri Udyami Yojana be open?
Ans: The Bihar Mukhyamantri Udyami Yojana online application process will be open until July 31.

Q. How much credit is the Bihar government providing jobless youth to begin their own businesses?
Ans: Youth without jobs can apply for loans of up to Rs 10 lakh from the Bihar government to begin their own businesses.

@MAN