Bihar Udyami Yojana

Bihar Mukhyamantri Udyami Yojana (Bihar Udyami Yojana) 2021-2022. Under this scheme, the state government will grant a helping sum of Rs. 10 lakh to unemployed persons. Read On!

Table of Contents hide

1 BMUY/BUY – Scheme Details.

2 Nature Of Bihar Udyami Yojana.

3 Objectives – Bihar Udyami Yojana.

4 Eligibility Criteria – Bihar Udyami Yojana.

5 Mandatory Documents – Bihar Udyami Yojana.

6 Application Procedure – Bihar Udyami Yojana.

7 Selection Procedure – Bihar Udyami Yojana.

8 Contact & Login Instructions.

BMUY/BUY – Scheme Details.

Bihar Udyami Yojana 2021 is a government of Bihar initiative aimed at reducing high unemployment rates by promoting and helping diverse social groups establish businesses. Mr Nitish Kumar, the chief minister of Bihar, has launched the Mukhyamantri Udyami Yojana scheme and platform to assist different communities in the state in establishing industries. The Bihar government has launched an online platform for this scheme, where interested candidates can register for it. Every beneficiary of the Bihar Udyami Yojana receives a loan of Rs. 10,00,000 (Rupees Ten lakh) from the government. The Udyami Yojana online was first released in 2018, and it was exclusively open to people of the SC and ST castes. It was re-launched in 2019, with the addition to the older ones of most backward classes.

Nature Of Bihar Udyami Yojana.

A budget of 102 crore rupees has been up for this initiative by the Bihar State Government. Numerous SC/ST candidates are also using the system to submit their applications. The internet procedure is simple. In other words, this approach successfully reduces the number of unemployed candidates. Following that, the little business; will grow. As a result, the number of opportunities in the state will grow. Unemployment is a problem in our country. The number of unemployed candidates in Bihar is rapidly increasing. As a result, the state of Bihar has established the Bihar Mukhymantri Udyami Yojana 2022 to address; this issue. The concerned employment department; has called for applicants, state-run, to apply online.

Objectives – Bihar Udyami Yojana.

The state of Bihar will be developed. Schemes have also been used to help the development of the poor. Furthermore, the increase in business will increase the number of jobs in the state. Additionally, the state government has provided a fantastic chance. As a result, an applicant will be able to examine the scheme’s eligibility conditions. This Yojana’s primary goal is to alleviate unemployment in India by assisting people in informing up; their businesses. The Attributes of objectives:

● The Mukhyamantri Udyami Yojana would assist underprivileged individuals in developing small businesses.

● The state government of Bihar will provide financial assistance to individuals; from backward castes and those living below poverty under this scheme.

● This programme will assist people in becoming self-sufficient.

● The Bihar Udyami Yojana will aid, in the reduction, of India’s unemployment rate.

● The Mukhyamantri Udyami Yojana is expected to assist around 8,000 enterprises or entrepreneurs.

Few applicants may face registration issues. In this case, Bihar’s government has also provided; a helpline number. The beneficiaries will have to repay only 5,00,000 INR on a 0% interest basis; out of the total financial aid, 10,00,000 INR. This will have to be paid, in 84 equal instalments, with the government covering the remaining 5,00,000 INR. Under the unique incentive scheme, 50% of the sanctioned amount, up to a maximum of Rs 5,00,000 (five lakhs), will be paid; as a grant or subsidy. A subsidy of INR 25,000 per unit; for beneficiary training following selection. The bonus will be paid, only for the formation of new industries, under this scheme. These businesses will also be eligible for the Bihar Industrial Investment Promotion Policy 2016.

Eligibility Criteria – Bihar Udyami Yojana.

On June 1, 2021, the Mukhyamantri Udyami Yojana was begun. The official website for the Mukhyamantri Udyami Yojana is udyami.bihar.gov.in, where interested individuals and partnerships can fill out the online form. Eligible candidates for application:

● The applicant must be a citizenship-resident of Bihar state only.

● Bihar Mahila/Yuva Udyami Scheme 2021 is only open to women from backward castes.

● The applicant must have completed their 12th grade or have a diploma (ITI, Polytechnic etc.).

● The applicant (s) must be aged 18 to 50 years old.

● Applicants with partnership firms can use their PAN cards to benefit from this Yojana.

● This scheme requires applicants to have a bank account linked to their partnership firm.

Applicants interested in applying online should download the official notification and thoroughly study the eligibility criteria and the application process. Eligible applicants, who wish to apply for this scheme, should also carefully read all instructions and follow the procedures outlined in the online application form.

Mandatory Documents – Bihar Udyami Yojana.

Every category has a set number of beneficiaries, but the rules are the same for all. In the applicant’s field, prior training or education in business and entrepreneurship; is helpful and advantageous. Fill out the online form and submit the following documents:

● Proof of address; is required.

● Certificate of Birth.

● Mark sheet; for 12th Class Intermediate.

● Certificate of Caste.

● The Aadhaar Card; is an identification card issued by the Indian government.

● PAN Card; is a government-issued identification card.

● A recent passport photo is required.

● Applicant’s Signature Sample.

● A bank account that is currently active.

Applicants will be asked to describe the situation in the Mukhyamantri Udyami Yojana online application form. To fill out the application form, applicants must first register, on the official website, after which they can fill out the form. The loan under this Yojana will be interest-free for women, while males would be charged a 1% interest rate. Pay off the loan in 84 instalments; over seven years. This scheme is open to everyone, in Bihar; who has completed a high school diploma and is between 18 and 50.

Application Procedure – Bihar Udyami Yojana.

Bihar Mukhyamantri Udyami Yojana; has performed admirably and has been a great success. Bihar hopes to achieve a progressive state and nation; through fostering the entrepreneurship ecosystem. The application process for the Bihar Chief Minister Entrepreneur Scheme is as follows:

1. To begin, the candidate must visit the official website of the Bihar Chief Minister Entrepreneur Scheme.

2. The applicant’s home page will now appear in front of them.

3. The applicant must click on the register link; on the home page.

4. The application form will now be displayed.

5. The applicant must fill out the entire application form, including his or her name, phone number, and application type.

6. Now, the applicant must click to obtain an OTP on the appropriate link.

7. The applicant must now enter his or her OTP in the OTP box.

8. After that, the applicant (s) must upload all the necessary paperwork.

9. Applicant (s) must now submit by clicking the submit button. This is the final submission.

Go to the Registration tab and fill out all the fields, to put it another way. Then, finally, send in the information. The Bihar Udyami Yojana 2021 Registration is now complete. Keep an eye out for additional instructions and messages.

Selection Procedure – Bihar Udyami Yojana.

About 2000 people will be chosen from the Backward Caste, Women, and General categories for this Yojana. Only those applicants who have; all the requisite documentation, including no principal source of income, a GST registration and bank account formed after May 13, 2021, and the correct name on all documents, will be picked; as selected applications. The loan money will be distributed in two payments. Therefore, you must supply all the details for which the first payment amount was utilized to get the second instalment amount.