This plan made by the present administration is intended for all the jobless youths in that area, who are being given ₹10 lakh loans for self-businesses. A full briefing on the Mukhyamantri Bihar Udyami Yojana 2024-25 follows as:-
| Scheme Name | Bihar Mukhyamantri Udyami Yojana 2024- 25 |
| Type of Plans | Government scheme |
| Those Who Can Apply | This scheme is for all unemployed youths from Bihar, who have qualified for the 12th class. |
| What Financial Assistance Will Be Obtained Under This Scheme | The amount of allowance you may get under the scheme is 25 thousand rupees and you will be given a subsidy of 5 lakh rupees as well as a loan of another 5 lakh rupees. |
| Application Procedure for the Scheme | Online on the website |
| The Online application procedure will commence | 1st July 2024 |
| Last date for submitting online applications | 16 August, 2024 (extended) |
| Will there be any advent of beneficiary list | Will be informed soon |
| Official Portal | https://udyami.bihar.gov.in/sankalp |
Mukhyamantri Bihar Udyami Yojana 2024-25?
In this piece of writing, we want to extend an amicable embrace to every young person including aspirants and notify you that the government of Bihar has decided to disburse an amount of ₹10 lakhs as a loan for starting their businesses among all jobless young people from different backgrounds in Bihar state hence detailed information regarding Bihar Mukhyamantri Udyami Yojana 2024-25 can be accessed through reading through this article carefully.
We want you to know that under Bihar Udyami Yojana 2024-25; unemployed youths are offered ₨10 lakh loans which help them not only to initiate their self-employment but also build up their independent future and support their livelihood too.
Finally, quick links will be provided at the end of this page to enable users to find the latest similar articles easily.
Mukhyamantri Bihar Udyami Yojana Benefits:
A number of significant advantages are being offered under the Bihar Entrepreneur Scheme 2024 to promote the growth of new companies. Support for new businesses is guaranteed by the Bihar Industrial Investment Promotion Policy of 2016, which is connected to this program.
- Borrowers can access up to ₹10,000,000, or 1 crore, as the maximum loan amount available.
- Up to ₹500,000, or half the approved amount, comes as financial aid. This grant supports eligible projects without repayment obligations.
- You can borrow up to 50% of the project’s cost, or ₹500,000, interest-free. Repayment is in 84 monthly installments over seven years.
New company owners have a great opportunity to launch their ventures with this strategy!
Mukhyamantri Bihar Udyami Yojana Documents Required?
All our applicants who want to apply for this scheme have to scan and upload some documents which will be like this
- Original Aadhar card of the applicant youth,
- Under Bihar Mukhyamantri Udyami Yojana 2024-25, all the applicants must have a basic and permanent residence certificate of Bihar state,
- caste certificate
- All applicants must have a 10th-class certificate to prove their date of birth,
- Must have 12th class certificate,
- PAN card of youth,
- Latest photograph of the youth of 120 KB,
- Sample signature of the youth which will be 120 KB,
- Canceled cheque of the youth and
- Bank Statement etc. of the applicant youth.
By completing all the above documents, all our interested candidates can easily apply online for this scheme and avail of its benefits.
What Criteria Should One Abide by to Qualify for Mukhyamantri Bihar Udyami Yojana 2024-25?
Any applicant must submit their request under this scheme under some prerequisites:
- All individuals who apply under the aforementioned Bihar Mukhyamantri Udyami Yojana 2024-25 have to be ordinary citizens and natives of Bihar.
- Then all the applicant’s SC, ST, OBC, Woman, etc. must already comply with the Mukhyamantri Udyami Yojana Bihar.
- Under this policy, intending candidates must be aged between 18 and 50 at the time of application.
- The twelfth-grade education or any other similar level like polytechnic or ITI thus has to be completed by interested applicant youths.
- Thus if you are one of those who have started businesses in line with the scheme, you have to make sure that you hold a current account while as in case you own a firm it must also possess a current account which bears its name and so forth.
- Only after meeting these prerequisites can one apply online for this scheme and reap its rewards.
How do I Register for Mukhyamantri Udyami Yojana 2024?
The following are the steps that need to be followed when applying for Bihar Mukhyamantri Bihar Udyami Yojana 2024-25:
Step 1 – Get registered afresh on the portal
- This means that to access the portal, first visit its official page.
- In the case of opening the home page, The option that you have to click on is registration. When clicked, a new page will come up for you which will appear like this
- Then, all the candidates will have to type in their Aadhar card number and an appropriate password and hit the login button.
- At long last, by clicking on it its registration form will be presented and that needs to be filled with caution.
In the end, you need to send in your registration sheet by hitting the submit button and receive its acknowledgment.
Step 2 – Go Online And Log Into The Portal To Apply
- After successful registration, all the candidates have to log in to the portal,
- After accessing your account through login, an application form opens in front of you for careful filling.
- Mandatory documents should be scanned and uploaded.
- Lastly, you must select the Submit option and keep the generated receipt after printing it.
For all those who are interested in this scheme, doing these aforementioned steps will bring about an easy and smooth online application process. Where they will be able to enjoy its benefits as well as secure themselves a bright future through self-employment.
Conclusion
We have provided a detailed explanation of Mukhyamantri Bihar Udyami Yojana 2024-25 and application procedures. So that those interested can go ahead without any difficulties in accessing modalities across the application platform. Hence gathering grants that will help them set up their businesses thereby enhancing the professional image that raises respect for personal life.
FAQs
Q1. When does the Entrepreneur Scheme expire in 2024?
Aspiring entrepreneurs, take note: your window of opportunity just widened. The Chief Minister’s scheme has pushed back its document submission deadline. Provisionally selected candidates must upload their papers to the Entrepreneur Portal by September 27, 2024. This extension applies to the 2024-2025 fiscal year program. Don’t miss this chance to secure your spot and bring your business dreams to life.
Q2. How Can I Apply for a Loan Through the Entrepreneur Scheme?
The money is disbursed to Entrepreneur Scheme beneficiaries in three payments. A loan of up to ₹10 lakh is being offered. 50% of the total is given as a grant under this plan, with the remaining portion being an interest-free loan. The requirement is that the money be paid back in seven years, or eighty-four payments.
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