Bihar Mukhyamantri Udyami Yojana

• The Bihar Mukhyamantri Udyami Yojana was published on Fifth August 2018. Recently on Thirty first October 2020 the guidelines of the scheme got updated as per the current era.
• The policy was undertaken by the administration of Bihar.
• The chief minister of Bihar came up with the idea and processed it into the scheme. 
• The idea of the scheme is to assist the entrepreneurs from the castes like scheduled caste and scheduled tribe. 
• By taking this step, the entrepreneurs would get encouraged to do business and it would also uplift the living standards of people belonging to distressed families.

Features of the scheme Bihar Mukhyamantri Udyami Yojana

• After the applicant gets registered and selected for the scheme of Bihar Mukhyamantri Udyami Yojana, the government would provide them monetary assistance and various kinds of subsidies to help them get established.
• Only the people residing in Bihar categorized as scheduled caste and scheduled tribe would get the benefit of the scheme. 
• The government would help the entrepreneurs by providing them with interest-free loans for establishing their business. In addition to that, the administration would also provide them with the subsidy of rupees ten lakh as a stipend for starting up the enterprise. 
• The proportion of financial assistance works as giving up the fifty percent of the startup amount loan can be availed at no interest and the rest fifty percent would be given as a stipend by the government. The appeal process for Interest-Free Loans has been facilitated through the fact that any nationalized bank under the reserve bank of India can now issue loans based on the applicant's proclamation. 
• The loan which the applicant avails can be repaid by them in at least eighty-four installments which makes it easy for them to repay. After the proposed enterprise begins its operations, then only repayment installments would be expected to begin.
• The government has made a new update under the guideline is the scheme, the update is that the entrepreneurs who want to commence their industry can now avail the training for setting up their industry and to carry out the training scheme at the state level, the nodal authority would be the general administrator.

Benefits of the scheme Bihar Mukhyamantri Udyami Yojana

• Under the scheme of Bihar Mukhyamantri Udyami Yojana, the entrepreneur has to repay the loan amount in eighty-four installments which makes it simple and convenient for them to repay. 
• The entrepreneurs would get encouraged under the scheme as fifty percent of the start-up amount is borne by the administration and the rest fifty percent of the amount can be availed as a loan with no interest. 
• This would automatically lead to the upliftment of living standards of all the individuals who are starting up their industry under this policy.
• Further, the employment rate would increase in the state resulting in decreasing the poverty rate of the state Bihar.
• By vetting more industries established in the state, Bihar would get developed rapidly and the graph of its gross domestic product would get inclined. 

Eligibility criteria for enrolling in Bihar Mukhyamantri Udyami Yojana

• The applicant applying should be above the age of eighteen years and should be inhabiting permanently in the state of Bihar. 
• The age limit should not be a nice forty years of the individual applying.
• The castes eligible to enroll in the scheme of Bihar Mukhyamantri Udyami Yojana are scheduled caste and scheduled tribe. 
• The academic qualification of the applicant accepted by the scheme should be Intermediate, Industrial Training Institute or should belong from a poly technological institute.
• The individual must be engaged as a Cooperation, a Sole Proprietorship, a particular Liability Partnership, or a personal Limited Company. 

How to register and fill up the application form of the Bihar Mukhyamantri Udyami Yojana

• For getting registered, the applicant should stop in the authorized website of the Bihar Mukhyamantri Udyami Yojana www.startup.bihar.gov.in.
• From the homepage of the website, there would be a pop-up page on which all the necessary details should get filled up like the name of the user, age, citizenship, mobile number, email address, caste, etc. After filling up these details the system would send the verification code to the mentioned mobile number through the message to continue. After stating that code on the website, a username and a password would be allotted to the applicant and after this, their username would get registered. 
• For filling up the application form, the applicant needs to again visit the authorized website of the Bihar Mukhyamantri Udyami Yojana. From the cover page of the scheme, the user needs to log in through their registered username id and password.  
• After logging in, the user can check up on the page and read out the eligibility criteria or guidelines.
• To access and get enrolled in the scheme, the user should fill up the application form.
• On the home page, on the top right corner, there would be an option with a symbol of three dots. From that option, the application form would get opened, and then it needs to be printed out from any nearby print shop for filling up the details. 
• After filling up the details, the form should be scanned and then it can be submitted on the website or mail it on the authorized mail id of the scheme. 

Note: -

1) Necessary documents should be also attached while submitting the form.

2) www.startup.bihar.gov.in is the official website of the Bihar Mukhyamantri Udyami Yojana. 

Documents required for enrolling in the Bihar Mukhyamantri Udyami Yojana

While filling out the application form, the applicant is required to submit a certain set of crucial documents along with the form.

• The documents regarding the identification or Aadhar card are the most crucial papers amongst all. 
• Second, the statements regarding the caste of the individual should be also specified as only a limited number of set castes are eligible to avail of the policy's benefits. 
• Third, the reports regarding the present annual revenue of the individual should also be acknowledged. 
• Fourth, the certificate regarding academic qualification should also be attached. 

Helpline contact of the Bihar Mukhyamantri Udyami Yojana

If the individual is facing any issue, then he/she can ring up the number of the policy which is 

18003456214 or they can also write up a mail and send it to the authorized mail id of the scheme stated as [email protected].

The applicant can also browse the official website of the scheme and check up on the common queries mentioned there, the official website is www.startup.bihar.gov.in

Frequently asked questions related to the Bihar Mukhyamantri Udyami Yojana

Q) What is the objective of the scheme Bihar Mukhyamantri Udyami Yojana?

A. The Administration of Bihar has inaugurated this policy for Scheduled Castes and Scheduled Tribes. The state authority would furnish monetary subsidy to potential applicants up to rupees ten lakh under this scheme. The people enrolled in this policy would notice the quality of living standard would get increased as a result of the implementation of this program.

Q) What's all the training work that has been done under the scheme of Bihar Mukhyamantri Udyami Yojana?

A. The training workshop which has been done under the scheme of Bihar Mukhyamantri Udyami Yojana is that within two months of its understanding, the Industries Department inaugurated this policy. A total of five hundred people have been chosen from the three thousand applications that were submitted.

Around one thirty-five of the selected applicants have already obtained training, with another one fifty entrepreneurs have been set to receive training soon.

Q) When did the scheme of Bihar Mukhyamantri Udyami Yojana get inaugurated and updated? 

A. The Bihar Mukhyamantri Udyami Yojana was inaugurated on Fifth August 2018. On Thirty-first October 2020, the guidelines of the scheme got updated as per the current era. The policy was undertaken by the administration of Bihar.

Q) In how many installments can the applicant repay the loan amount of the start-up under the scheme of Bihar Mukhyamantri Udyami Yojana? 

A. In about eighty-four installments, the applicant can repay the loan amount of the start-up under the scheme of Bihar Mukhyamantri Udyami Yojana. The loan amount has to be paid only after their industry gets set up. 

Q) State the caste who are eligible to get enrolled in the scheme of Bihar Mukhyamantri Udyami Yojana as an entrepreneur? 

A. The applicant applying should be above the age of eighteen years and should be inhabiting permanently in the state of Bihar. The age limit should not be a nice forty years of the individual applying. The castes eligible to enroll in the scheme of Bihar Mukhyamantri Udyami Yojana are scheduled caste and scheduled tribe. 

Q) State the proportion's division of financial aid given to the entrepreneurs by the Bihar Government under the scheme of Bihar Mukhyamantri Udyami Yojana? 

A. The proportion's division of financial aid given to the entrepreneurs by the Bihar Government under the scheme of Bihar Mukhyamantri Udyami Yojana is divided as fifty percent of the start amount would be assisted and delivered as a subsidy to the individuals and the rest fifty percent of the amounts can be availed as a loan with no interest on it from any nationalized bank. 

Q) What is the amount of the subsidy given by the administration to the entrepreneurs of Bihar and what is the reason for giving it under the scheme of Bihar Mukhyamantri Udyami Yojana? 

A. Ten lakh rupees is the amount of the subsidy given by the administration to the entrepreneurs of Bihar under the scheme of Bihar Mukhyamantri Udyami Yojana. The reason for giving the subsidy amount is for encouraging the entrepreneurs to set up their choice of industry.