The announcement of the Bihar Mukhyamantri Udyami Yojana for 2024–25 by the Department of Industries in Bihar is excellent news for the people of Bihar. The department will begin accepting applications for the Chief Minister Entrepreneurship Scheme on July 1, 2024, according to the release. The program will take online applications, and the application period will run through July 31, 2014.
New industry establishment loans are provided by the Industries Department under the Mukhyamantri Udyami Yojana. This initiative provides loans up to Rs 10 lakh, which are backed by a 50% subsidy from the Industries Department.
To apply for the Chief Minister Entrepreneur Scheme and establish an industry that will receive a loan, you must be a citizen of the state of Bihar. You can apply online for this scheme. Through this article, we will teach you about the Bihar Mukhyamantri Udyami Yojana 2024, including what documents are needed for the application and what eligibility has been established to receive this loan. You should carefully study this article through to the conclusion if you want more specifics about the strategy.
Bihar Udyami Yojana 2024
The Bihar government’s Industries Department launched the Bihar Chief Minister Entrepreneurship Scheme to encourage the growth of new businesses in the region and give jobless people a place to work. The Chief Minister Scheduled Castes, Scheduled Tribes, Most Backward Classes, Yuva, Mahila, and Minority Udyami Yojanas are other names for the Bihar Mukhya Mantri Udyami Yojana.
The Bihar government offers funding for the establishment of new businesses via this plan, with a cap of 10 lakh rupees. A 50% subsidy will be provided to them. as well as 50% interest-free loans. In addition, the government offers young people a plethora of other advantages.
38,000 youth, women, and members of minority groups have received funding for the establishment of businesses under the Mukhyamantri Udyami Yojana thus far. Up to July 31, 2024, unemployed kids from all state classes may apply online for this program to begin their employment. With this, they’ll be able to construct their bright future by being self-reliant in addition to receiving loans to begin working for themselves.
Bihar Udyami Yojana Overview
| Yojana Name | Bihar Mukhyamantri Udyami Yojana |
| Year | 2024 |
| Who Started | Government of Bihar |
| Objectives | To provide financial assistance to promote enterprises in the State. |
|
Beneficiary
|
Unemployed citizens of the beneficiary state |
| State | Bihar |
| Apply Mode | Online |
| Official Website | https: / /udyami. bihar. gov. in / |
Bihar Udyami Yojana 2024: Eligibility Criteria
You must fulfill specific requirements to apply for the Bihar Chief Minister Entrepreneurship Scheme. It is comparable to this.
- The candidate must be a native of the state of Bihar.
- This program will be available to unemployed women and youth from the state’s Scheduled Tribes and Scheduled Castes.
- The candidate must possess an ITI, diploma, or comparable qualification after passing Class 12 or an equivalent exam.
- A candidate must be between the ages of 18 and 50 to be eligible to apply for the Mukhyamantri Udyami Yojana Bihar.
- If ownership is established, the applicant’s current account will be recognized.
- On his own PAN, the business owner can complete the proprietorship form.
- The recommended form’s name ought to correspond with the current account.
Bihar Udyami Yojana 2024: Important Documents
Any interested citizen of the state who wants to get the benefit under the Bihar Mukhyamantri Udyami Yojana will need the following documents to apply.
- Aadhaar Card
- Residence Certificate
- Caste Certificate
- Age Certificate
- Educational Qualification
- PAN Card
- Cheque Passport Size
- Photo
- Bank Account
- Passbook
Bihar Udyami Yojana 2024: Selection Process
Based on the preceding year, a random lottery technique was used to pick participants for benefits under the Bihar Mukhyamantri Udyami Yojana. Benefits will be awarded under the scheme to the chosen individuals. The lottery is probably going to be used to choose the beneficiaries of this program. The applications are delivered to the manager of the relevant district industry center for physical verification after being carefully examined by the committee for fifteen days.
The beneficiaries of the scheme who are chosen after the screening process is over will receive two weeks of instruction at the training facilities that the Industries Department has authorized. The committee will thereafter, under the DPR for their project, transfer the first installment’s amount to the beneficiary’s bank account. The Bihar government will credit the applicant’s account with Rs 10 lakh, which will be transferred in three installments following project completion. Candidates who are chosen will receive a stipend of Rs 25,000.
How To Apply For Bihar Udyami Yojana 2024
- To submit an online application for the Chief Minister Entrepreneurship Scheme 2024–25, you must first visit the Department of Industries, Government of Bihar, official website.
- Following this, the website’s main page will appear to you.
- You must select the “Register” option on the Bihar Chief Minister Udyami Yojana homepage.
- The login screen will now appear in front of you.
- Aadhaar number and password must be entered to access the Bihar Chief Minister Udyami Yojana.
- The registration form will open after you click on it.
- The necessary data requested in the registration form must now be entered.
- Subsequently, you must upload the documents specified in the registration form.
- Lastly, select the option to submit.
- You will then receive a receipt, which you must keep secure.
- The government would send Rs 10 lakh to establish other industries when the candidate is chosen.
Important Links
| Official Website | https://udyami.bihar.gov.in/ |
| Link to Apply | https://udyami.bihar.gov.in/ |
FAQ
Q. At what point will the Bihar Chief Minister’s Entrepreneurship Scheme commence its online application process?
Ans. July 1, 2024, is when the Bihar Chief Minister Entrepreneurship Scheme’s online application procedure will open.
Q. For what duration is the Bihar Mukhyamantri Udyami Yojana application procedure going to be open?
Ans. Through July 31, there will still be time to apply online for the Bihar Mukhyamantri Udyami Yojana.