Bihar Mukhyamantri Udyami Yojana 2021

Overview

Bihar Mukhyamantri Udyami Yojana is one great approach that the Bihar government has come up with for the benefit of the scheduled tribes and scheduled cast people. This scheme is a great attempt to offer financial aid to the poor people who don’t belong to the upper category and are have a less income level as well. There is an online Bihar Mukhyamantri Udyami Yojana Application which a candidate applying for the scheme needs to fill up. However, there are also eligibility criteria and other important details that one needs to fulfill in order to get the application selected. Now moving on to understand more about this scheme, the article is here to guide you better.

Know more about Bihar Mukhyamantri Udyami Yojana

Bihar Mukhyamantri Udyami Yojana is a scheme that has been launched by the Government of Bihar for the scheduled tribes and scheduled caste people. In this scheme, the incentive amount of Rs 10 lakh will be given by the government to set up the industry. The government has even come up with such a scheme to give a good platform to the common people about the developing industry. With such Bihar Mukhyamantri SC / ST Udyami Yojana Apply solution, the rate of unemployment will get down to a greater extent especially among the Scheduled Castes and Scheduled Tribes citizens. This would eventually offer better financial aid and the candidate can start his own career in the industry. The government of Bihar has come up with Rs 102 crores of budget for the Bihar Chief Minister Entrepreneur Scheme.

Know more about the Bihar Chief Minister Entrepreneur Scheme Incentive amount Bihar 

Mukhyamantri Udyami Yojana is quite a trending concept in today’s time. There is an online portal where the candidate can apply and get the best Bihar Mukhyamantri Udyami Yojana Application Status on their own. Talking about the scheme, the Bihar Chief Minister Entrepreneur Scheme was approved by the Bihar government on 19th April 2021. The amount of Rs 10 lakh shall be given to all those people who are working under this scheme in the incentive form. Out of the 10lkah rupees, the amount of 5 lakh shall be given as the grant, and also the 5 lakh will be given as the free loan without any interest.

The government of Bihar has come up with such a scheme to offer a good amount of Rs 10 lakh in the two installments top the state youth for starting off their own form within the financial year to the industry which is growing.

The government of Bihar has even come up with an aim to offer the grant price of Rs 10 lakh in the2 equal installments to the youth state to begin their own business in the financial year as per the industries. The beneficiary is entitled to pay in 84 installments. 

The benefits of the Bihar Mukhyamantri scheme are

As you plan to opt for the Bihar Mukhyamantri SC / ST Udyami Yojana Online Apply, you need to understand that being a beneficiary you will be eligible for ample advantages. Talking of which some of them are listed below:

• The scheme is meant for providing better support to people who belong to Scheduled Castes and Scheduled Tribes or the other backward classes.

• In this scheme, the entrepreneur is entitled to get Rs 10 lakh as financial support to set up the new firm in the industry.

• There will also be 5 lakh rupees that government shall offer while the remaining 5 lakh will not be charged with any kind of interest at all.

• The primary objective of this scheme is to offer the small and micro-scale industries platform to the young entrepreneurs in the state.

• This scheme also offers between employment scope to the youth people. 

• The scheme is for people who wish to have their business in fields like beauty parlor, photo state machine, and typing, spices, papad, big bana, dal mill, oil mill, flour mill, stitched garments, leather slippers-shoes, Purses, Bags, to name some.

• In this scheme, the grant of Rs. 102.50 lakhs are approved for the financial year

CM SC / ST Udyami Scheme Affiliate Institute (CM Udyami Yojana Affiliated Institution)

• Chandragupta Institute of Management, Patna

• Institute of Development Management, Patna

• Bihar State Financial Corporation

• Industry department

• Bihar Startup Fund Trust

• LN Mishra Institute, Patna

• Bihar State Khadi and Village Industries Board

Benefits and features of Bihar Mukhyamantri Udyami Yojana 2021

There are some features and benefits associated with Bihar Mukhyamantri Udyami Yojana that you need to know before you apply for the process. This includes:

• The focus of Bihar gerent with the launch of such a scheme is to give impetus to the industry.

• The Scheduled Castes and Scheduled Tribes citizen’s economic condition will also improve through this scheme.

• Industries will get better encouragement through this scheme.

• On this scheme, three is an incentive price of Rs 10 lakh that government can offer to set up in the industry.

• It is only the Scheduled Caste and Scheduled Tribe citizens who will be able to avail all the advantages of the scheme

• The rate of unemployment shall come down to a Greta extent with such scheme.

• The budget of Rs 102 crore is set by the Government of Bihar for this scheme

• This is an interest-free loan

• In order to avail of a loan, it is obligatory for the applicant to self-declare from any national bank.

• From the incentive amount of Rs 10 lakh, Rs 5 lakh will be approved as a grant and Rs 5 lakh will be approved as an interest-free loan.

• The unemployment rate will also fall under this scheme.

• Scheduled Castes and Scheduled Tribes citizens will get a better living.

• The loan amount should be deposited in 84 installments.

• ₹ 25000 will be given by the government to train and monitor the project.

Eligibility for Bihar Chief Minister Entrepreneur Scheme 2021

In order to be a perfect fit for this scheme, terse are some eligibility criteria in which the candidate must fall. Talking of which some of them are:

• Applicant must be of Scheduled Caste or Scheduled Tribe.

• The age of the applicant should be between 18 years to 40 years.

• The applicant should be registered under the Institute Proprietorship, Partnership, Limited Liability Partnership, or Private Limited Company.

• The applicant must be a permanent resident of Bihar.

• Educational qualification under this scheme should be intermediate, ITI, polytechnic, or otherwise.

Document required

There are some important documents required in order to apply in Chief Minister Entrepreneur Scheme

• Caste certificate

• Educational qualification certificate

• Aadhar Card

• Income certificate

Conclusion

The government of Bihar has come up with the Bihar Mukhyamantri Udyami Yojana for scheduled caste (SC) or scheduled tribe (ST) entrepreneurs. With a good incentive amount that also includes the partial loan amount in form of the loan without any interest rate, this certainly is a good approach that the government has taken. The primary aim of such a scheme is to offer bets possible scope of growth to all those people who belong to other categories of caste be it scheduled tribe or the other backward class. With such a scheme, people can get better confidence to do better in their career and establish a small firm on their own to make a name in the industry.

With technology advancement and schemes like this, in few years, the government shall have all the citizens be equally treated and settled because of which such schemes are currently coming up for better growth.

Questions and Answers

How to log in to the portal?

There is a step-by-step process that you need to follow when you are on the portal for a smooth login process.

• Visit the official website of the Bihar Chief Minister Entrepreneur Scheme http://www.startup.bihar.gov.in/

• Now the home page will open in front of you where you need to click on the login link. 

• Select the login category.

• Another page will open in which you will have to enter the information asked.

• Click on the login keys.

• This way you will be able to log in.

What is the Procedure to apply in Bihar Chief Minister Entrepreneur Scheme 2021?

• You must visit the official website Bihar Chief Minister Entrepreneur Scheme http://www.startup.bihar.gov.in/

• A home page will open in front of you where you need to click on the link of the register. 

• Now the application form will open in front of you where you must enter all the information asked in the application form such as your name, mobile number, application type, etc

• Click on the link to Get OTP.

• Enter OTP, OTP box.

• Upload all the important documents.

• Click on submit button.

• You can this way apply this scheme.

What is the Objective of the Bihar Chief Minister Entrepreneur Scheme 2021?

The primary aim of this scheme is to offer the small and micro scale industries a better promotion in the state. With such a scheme, there will be financial assistance that shall be given to Scheduled Castes and Scheduled Tribes citizens so that they can have a better boost for the business. The rate of unemployment will also fall with such a scheme. Besides, the Scheduled Castes and Scheduled Tribes citizens will also have a better living in the future.