Bihar Udyami Yojana 2024-25 is a government initiative scheme which was released by the Bihar state to promote entrepreneurship and support small businesses In the state and also for better encouragement. The scheme aims to provide financial assistance to individuals from Scheduled Castes, Scheduled Tribes, Extremely Backward Classes, women and youth. Under this scheme eligible beneficiaries can receive a loan from up to 10 lakh rupees with a subsidy of giving to the beneficiaries with up to 50% on the loan amount.
The application process for the scheme will goin to start on 1st July 2024 and will be open until 31st July 2024 after that you wont able to apply for it. Interested applicants need to prepare the necessary documents and apply online through the official portal or you can simply follow our guidelines to apply for it.
The Bihar Udyami Yojana 2024-25 also focuses on providing training and giving to support to the selected beneficiaries to help them establish and run their businesses successfully, putting an aim that no business beginner should have any depression and stress about the business . The scheme aims to create more employment opportunities and boost the economic development of the state the unemployment rate of the state will decrease, we can say that this initiative is a great work led by the government.
By encouraging entrepreneurship, the Bihar government hopes to encourage the socio-economic status of the underprivileged sections of society and promote inclusive growth This initiative is a significant step towards empowering individuals and fostering a culture of self-reliance and innovation in Bihar.
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Procedure to Apply For The Bihar Udyami Yojana
If you’re a young resident of Bihar looking to apply online for the Mukhyamantri Udyam Yojana, here’s a simple guide to help you through the process:
- Start by visiting the official website of the Industry Department, Government of Bihar.
- Once there, you’ll land on the home page.
- Look for the “Bihar Chief Minister Entrepreneur Scheme” section.
- Click on the registration option provided.
- You’ll be directed to a login page where you’ll need to enter your Aadhaar number and password. Hit the login button.
- After logging in, you’ll be presented with the registration form.
- Fill in all the required information accurately.
- Make sure to upload all the necessary documents as requested in the registration form.
- Once you’ve filled out the form and uploaded the documents, click on the submit option.
- After submission, you’ll receive a receipt. Keep this safe for future reference.
- If you’re selected, the government will provide you with a grant of Rs 10 lakh to establish your industry.
Following these steps should streamline your application process for the Mukhyamantri Udyam Yojana 2024-25.
| Feature | Details |
|---|---|
| Scheme Name | Bihar Udyami Yojana 2024-25 |
| Initiated By | Chief Minister of Bihar |
| Scheme Type | Loan Scheme |
| Application Start Date | 1st July 2024 |
| Application End Date | 31st July 2024 |
| Benefits | Financial assistance with low-interest loans and 50% subsidy |
| Maximum Loan Amount | Up to ₹10 lakh |
| Eligibility | Permanent residents of Bihar, aged 18-50 years, with at least high school graduation or equivalent |
| Priority Beneficiaries | Scheduled Castes, Scheduled Tribes, unemployed youth, and women |
| Eligible Business Types | Limited liability corporations, private limited companies, proprietorship firms, and partnership firms |
| Required Documents | Permanent residence certificate, matriculation certificate, intermediate certificate, caste certificate (if applicable), organization certificate, Aadhaar card, PAN card, photograph, specimen signature, bank statement with a cancelled cheque, business plan or project report |
| Official Website | Bihar Udyami Yojana Official Website |
Required documents to apply
To apply for the Bihar Mukhyamantri Udyyami Yojana, you will need the following documents:
- Permanent residence certificate.
- Matriculation certificate.
- Intermediate or equivalent qualification certificate.
- Caste certificate (if applicable).
- Organisation certificate.
- Aadhaar card and PAN card.
- Applicant photograph.
- Specimen signature.
- Bank statement with a cancelled cheque.
- Business plan or project report²³⁴.
Make sure to have these documents ready when you apply for the scheme.
Eligibility Criteria for Bihar Udyami Yojana
The eligibility criteria for the Bihar Chief Minister Udyami Yojana 2024 are as follows:
- The applicant must be a permanent resident of Bihar
- The applicant’s age should be between 18 to 50 years.
- The applicant must have a high school graduation, ITI, or its equivalent.
- Priority is given to Scheduled Castes, Scheduled Tribes, unemployed youth, and women
- The applicant must have a current account in a nationalized bank
- Only limited liability corporations, private limited companies, proprietorship firms, and partnership firms are eligible for this program.
Make sure you meet these criteria before applying for the scheme.
FAQs on Bihar Udyami Yojana
Q1: What is Bihar Udyami Yojana?
A1: Bihar Udyami Yojana is a scheme by the Bihar government to support new entrepreneurs and promote small businesses.
Q2: Who can apply for this scheme?
A2: Permanent residents of Bihar aged between 18 to 50 years with at least a high school graduation or equivalent can apply. Priority is given to Scheduled Castes, Scheduled Tribes, unemployed youth, and women.
Q3: What types of businesses are eligible?
A3: Limited liability corporations, private limited companies, proprietorship firms, and partnership firms are eligible.
Q4: What documents are needed to apply?
A4: You need a permanent residence certificate, matriculation certificate, intermediate certificate, caste certificate (if applicable), organization certificate, Aadhaar card, PAN card, photograph, specimen signature, bank statement with a cancelled cheque, and a business plan or project report.
Q5: How can I apply for the scheme?
A5: You can apply online through the official Bihar government website or visit the nearest government office for assistance.
Q6: What benefits do I get from this scheme?
A6: The scheme provides financial assistance, training, and support to start and grow your business.
Q7: Is there any age limit to apply?
A7: Yes, the applicant must be between 18 to 50 years old.
Q8: Do I need a bank account to apply?
A8: Yes, you must have a current account in a nationalized bank.
