The Bihar government has launched Mukhyamantri Udyami Yojana is the one among the welfare schemes. This plan has been successful in not only uplift the standard of living of the Scheduled tribes, Scheduled castes and weaker sections of the state but also to bring them together. Bihar administration opened the door for this scheme which was accessible via the introduction the of the portal scheme for it too. This process has started by State of Bihar’s Chief Minister, Mr. Nitish Kumar.
The beneficiaries may find a way to become established in Bihar as these scheme will be there for financial help. The sector comprised of the plan of the budget of 102 crores allocated by the Government of Bihar, so the unemployment in the state had been managed completely. However, if you are from Bihar and it is this scheme which you are planning to apply for, you must also make sure that you satisfy its eligibility criteria. Mukhyamantri Udyami Yojana is a self-employment (HD) project started by the state government which can be utilized by anyone who want to start their own work and eco friendly. The motive behind the scheme is to generate capital for new business as well as to enable propitious future for the human resource by providing job opportunities. Read this post to get details on Mukhyamantri Udyami Yojana, eligibility criteria, objectives & etc.
Mukhyamantri Udyami Yojana
The Mukhyamantri Udyami Yojana is a program initiated by the Bihar government aimed at enhancing the quality of life for its citizens. One of its key features is providing loans to beneficiaries at a nominal interest rate of just 1%. This financial assistance not only alleviates the burden of economic stress but also empowers individuals to kickstart their own businesses. By facilitating entrepreneurship, the Mukhyamantri Udyami Yojana plays a vital role in combating unemployment and fostering economic growth in Bihar.
Through this scheme, the government offers loans up to Rs 10 lakhs to kickstart new businesses. By capping the loan amounts, the program ensures fair distribution of funds among a wider pool of eligible individuals. Ultimately, the goal of this initiative is to foster economic development across the state.
Mukhyamantri Udyami Yojana 2024 Overview
The Mukhyamantri Udyami Yojana benefits individuals from diverse sectors such as manufacturing, services, and agriculture. It particularly aims to empower minority groups, women, and those belonging to economically weaker sections. Eligible entrepreneurs can receive up to Rs 10 lakhs through this scheme, which has a budget of 102 crore. So far, 800 entrepreneurs have been selected to benefit from this program.
| Scheme Name | Mukhyamantri Udyami Yojana |
|---|---|
| Started by | Bihar Government |
| Beneficiaries | Citizens of Bihar |
| Official website | https://udyami.bihar.gov.in/ |
This scheme’s beneficiary list reflects the government’s commitment to boosting economic development and fostering entrepreneurial opportunities within the state.
Variants of Mukhyamantri Udyami Yojana
The Bihar government has introduced various versions of the Mukhyamantri Udyami Yojana catering to different groups. Here are two variants:
- Mukhyamantri Alpsankhyak Udyami Yojana: This variant targets unemployed youth from minority communities who aspire to launch their own businesses.
- Mukhyamantri Ati Pichda Varg Udyami Yojana: This variant is designed for individuals from backward classes seeking financial assistance to kickstart their small businesses.
Mukhyamantri Udyami Yojana Objective
The Mukhyamantri Udyami Yojana is geared towards empowering individuals to become entrepreneurs. Eligible candidates receive a financial boost of Rs 10 lakhs to kickstart their ventures. This initiative not only supports those looking to start their own businesses but also aims to tackle unemployment and promote self-reliance in Bihar. Additionally, it contributes to enhancing the overall quality of life for citizens residing in the state
Features and Benefits of Bihar Udyami Yojana
The Mukhyamantri Udyami Yojana, initiated by the Bihar Government, offers several unique features and benefits:
- Loans up to 10 lakh are available for individuals aspiring to start their own businesses.
- Eligibility extends to people from scheduled tribes, scheduled castes, and weaker sections of society.
- Repayment options are flexible, with beneficiaries allowed to repay up to 5 lakh in 84 installments, with a minimal 1% interest rate.
- The scheme is open to partnership firms, proprietorship firms, private limited companies, and limited liability companies.
- Its primary aim is to empower individuals to establish sustainable sources of income through entrepreneurship.
- By fostering entrepreneurship, the scheme effectively reduces the unemployment rate in the state.
- It contributes to improving the lifestyle standards of beneficiaries.
- Participants in the scheme gain valuable knowledge and skills to enhance their financial stability.
Eligibility criteria of Bihar Udyami Yojana
To apply for the Udyami scheme, you need to meet specific eligibility criteria set by the government:
- You must be a resident of Bihar.
- Individuals from backward communities, weaker sections, Scheduled Tribes (STs), and Scheduled Castes (SCs) are eligible for benefits.
- Applicants should have at least a 12th-grade education, a diploma from ITI, or a similar program from a polytechnic.
- You should be aged between 18 to 50 years to qualify.
- Those aiming to establish a proprietorship firm, partnership firm, LLP company, or private limited company are eligible.
- Having a PAN card is mandatory.
- Applicants should possess an active bank account.
Required Documents
When applying, make sure you have these documents ready:
- Age proof
- Aadhar Card
- Signature
- PAN Card
- Caste certificate (if applicable)
- Account details
- Education Certificate
- Passport size photo
Registration Process of Bihar Mukhyamantri Udyami Yojana
Here’s a simple guide to register for the Mukhyamantri Udyami Yojana:
- Visit the official website: https://udyami.bihar.gov.in/
- Click on the “Login” option on the homepage.
- On the login page, select the “Register” option.
- Fill out the application form with your personal details such as name, gender, mobile number, email ID, registration type, Aadhar Number, etc.
- Click on the “OTP” option to receive a one-time password on your registered mobile number.
- Enter the OTP received and set up a password.
- Return to the login page and log in to your account using your username and password.
- Navigate to the homepage and click on the Mukhyamantri Udyami Yojana application form.
- Complete all required fields in the application form.
- Click on the “Submit” button.
- After registration, remember to print a copy of your registration form for future reference.