Bihar Mukhyamantri Udyami Yojana 2024-25: Documentation, Dates, Overview

The Bihar Employment Agency is an employment reform software program released via the use of the Government Mukhyamantri Udyami Yojana of Bihar to market and help small and medium businesses (SMEs) within the kingdom.

These tasks are a part of the authorities’s complete strategy to enhance economic increase, create employment possibilities, and enhance the monetary zone surroundings in Bihar. The Chief Minister’s Entrepreneurship Scheme displays the Bihar government’s commitment to improving the commercial employer and entrepreneurial surroundings of the dominion and supporting its individuals pursue their entrepreneurial aspirations. Through all the focused economic assistance, this system pursues to provide a thriving environment for SMEs, if you want to ultimately make contributions to the prosperity and development of the As as a whole.

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What is Mukhyamantri Udyami Yojana in Bihar in Year 2024?

The Mukhyamantri Udyami Yojana is an initiative using way of the Government of Bihar aimed towards selling entrepreneurship and helping small and medium businesses (SMEs) within the country. The scheme focuses on presenting economic assist and exceptional resources to new and contemporary businesses to reinforce monetary boom and pastime introduction.

An objective is to encourage entrepreneurship among many youngsters and other aspiring marketers. To offer economic support for starting and expanding agencies. Additionally a focal point on creating activity opportunities and fostering financial improvement in Bihar.

Overview of Bihar Mukhyamantri Udyami Yojana (2024-25)

Article for	Mukhyamantri udyami yojana in bihar
Name of the scheme	Mukhyamantri udyami yojana
Name of the Department	Industries department government of bihar
Category	Government scheme
Loan amount	Maximum 10 lakh rupees.
Subsidy	Maximum 5 lakh rupees.
Application process	Online
Official website	Udyami.bihar.gov.in

Registration for the Bihar Mukhyamantri Udyami Yojana 2024-2025

Chief Minister Udyami Yojana changed into released via Bihar Chief Minister Nitish Kumar for which online registration has begun from 01 July 2024. This scheme began via Chief Minister Nitish Kumar inside the one year 2016.

The last date of the software program for this scheme has been consistent as 16th August. The fundamental objective of this program is to generate employment for a few teenagers and provoke the boom of the world. Under the Chief Minister Entrepreneur Scheme, you’ll get a mortgage of Rs 1 lakh on registration, which you may use to enlarge your enterprise.

Remember the Dates of the Bihar Mukhyamantri Udyami Yojana in 2024

Application starting date	1- July – 2024
Last date to apply	16 – August – 2024 (Extended)
Mode of application	Online

Advantage of Bihar Mukhyamantri Udyami Yojana in 2024

Loan amount	10,00,000 rs
Subsidy	5,00,000 rs
Loan repayment process	In 7 years (84 equal instalments)

Eligibility of Bihar Mukhyamantri Udyami Yojana in 2024

This offer is only for permanent residents of the State of Bihar.
Only SC or ST/unemployed youth/women can apply for the Chief Minister’s Entrepreneur Scheme.
Educational Qualification: Applicants need to have exceeded Intermediate, ITI, Polytechnic, or in advance.
Age Limit: The minimum age of the applicant ought to be 18 years and most ages need to be 50 years.
For ownership, the applicant must have a current personal account (or current funds in the name of the company). As per the loan amount, RTGS will transfer it directly to the current account of the eligible candidate.
The company being the owner, the employee can do it on his own PAN.
The current account must be in the name of the company in question.
The applicant is required to form and register his/her own company or company. In terms of options, he can opt for options such as proprietorship, partnership, or private limited company.

See the Documents Required to Avail the Benefits of Bihar Mukhyamantri Udyami Yojana.

The Aadhaar card of the applicant
Email ID and Mobile Number
Caste Certificate (father’s name in female case).
Proof of address
PAN card processing
Passport and signature size scanned image (JPG 120 KB).
Bank Passbook (Deposit/Current).
10th Class Mark Sheet (for proof of age).
Educational Qualification Certificate (like Intermediate, ITI, Polytechnic, Diploma or equivalent certificate)
Family Income Certificate (issued by local office).
Disability certificate (if required).

Conclusion

The Mukhyamantri Udyami Yojana represents a strategic effort through the Government of Bihar to empower entrepreneurs and stimulate nearby financial growth. By supplying critical financial help, education, and infrastructure, the scheme addresses key demanding situations faced by small and medium firms. Its achievement depends on effective implementation, ongoing guidance, and flexibility to the converting commercial enterprise environment. Through this initiative, Bihar pursues to foster a robust entrepreneurial spirit and contribute to the overall development of the kingdom.

FAQ’s

Q1. What is the last date to use for the bihar Mukhyamantri Udyami Yojana in 2024?

16 – August – 2024 ( Extended ).

Q2. What are the benefits of the Bihar Chief Minister Entrepreneur Scheme in 2024?

Eligible entrepreneurs can get a mortgage up to Rs 10 lakh to start and complete their own commercial business. And then also get a 50% subsidy for it.

Q3. How to get the gain of Bihar Udyami Yojana?

To avail of the advantages of the Bihar Udyami Scheme, you will first check-in by way of touring the respectable website of Mukhyamantri Udyami Yojana. Once selected, the loan quantity may be transferred directly to your account.