Bihar Government’s Mukhyamantri Udyami Yojana :
Introduction:
Mukhyamantri Udyami Yojana, a welfare initiative by the Bihar Government, aims to enhance the living standards of Scheduled Tribes, Scheduled Castes, and other marginalized sections in the state. Launched under the leadership of Bihar’s Chief Minister, Mr. Nitish Kumar, this scheme encourages entrepreneurship by providing financial assistance to set up industries. The government has allocated a budget of 102 crores to boost economic growth and tackle unemployment effectively.
Objective and Features :
Mukhyamantri Udyami Yojana seeks to uplift individuals economically by offering loans with a minimal interest rate of 1%. The primary objective is to reduce financial stress, promote entrepreneurship, and contribute to Bihar’s economic development. The scheme offers loans up to Rs 10 lakhs to startup businesses, ensuring fair distribution of funds among eligible candidates.
Overview of Mukhyamantri Udyami Yojana 2024 :
The scheme caters to beneficiaries from diverse sectors such as manufacturing, services, and agriculture. With a budget of 102 crores, it supports 800 entrepreneurs, focusing on minorities, women, and the weaker sections. This reflects the government’s commitment to fostering economic growth and creating opportunities for aspiring entrepreneurs in Bihar.
Variants of the Scheme: Mukhyamantri Udyami Yojana has variants tailored for specific groups:
- Mukhyamantri Alpsankhyak Udyami Yojana: Targets unemployed youth from minority sections aspiring to start their businesses.
- Mukhyamantri Ati Pichda Varg Udyami Yojana: Aids backward-class individuals seeking financial support to establish small businesses.
Eligibility Criteria: To avail the benefits of the scheme, individuals must meet specific criteria:
- Bihar residency is mandatory.
- Backward communities, weaker sections, STs, and SCs are eligible.
- Applicants must be at least 12th-grade graduates or possess a diploma in ITI, polytechnic, or a similar program.
- Age group of 18 to 50 years.
- Eligible business structures include proprietorship firms, partnership firms, LLP companies, and private limited companies.
- PAN card details and an active bank account are prerequisites.
Required Documents:
Applicants need to provide essential documents such as age proof, Aadhar card, signature, PAN card, caste certificate, account details, education certificate, and passport-sized photos.
Registration Process: To apply for Mukhyamantri Udyami Yojana, follow these steps :
- Visit the official website: https://udyami.bihar.gov.in/.
- Click on the ‘Login’ option and then ‘Register.’
- Fill in personal details in the application form.
- Verify your identity through OTP and set a password.
- Log in using your credentials.
- Access the Mukhyamantri Udyami Yojana application form on the homepage.
- Provide the necessary information and proceed to submit the form.
- Print the registration form for future reference.
By providing financial support and fostering entrepreneurship, Mukhyamantri Udyami Yojana aims to enhance the economic landscape of Bihar and empower its citizens.