As part of its ongoing efforts to enhance employment opportunities, the Bihar government has introduced a slew of schemes aimed at catalyzing economic growth. One such initiative that stands out is the Bihar Chief Minister Entrepreneur Scheme, also known as Bihar Mukhyamantri Udyami Yojana. In this comprehensive article, we will delve into the intricacies of this scheme, including its objectives, benefits, key features, eligibility criteria, necessary documents, and the application process. So, if you’re eager to gain insight into Bihar Mukhyamantri Udyami Yojana 2023, read on till the end.
Bihar Mukhyamantri Udyami Yojana 2023
The Bihar government has rolled out this scheme primarily targeting individuals belonging to the Scheduled Caste and Scheduled Tribe categories. Under this groundbreaking initiative, the government pledges to grant a substantial incentive amount of Rs 10 lakh to facilitate the establishment of new industries. The scheme’s overarching goal is to stimulate industrial growth, subsequently reducing unemployment rates in the state. By focusing on Scheduled Caste and Scheduled Tribe citizens, Bihar aims to provide vital financial assistance, enabling them to kickstart their entrepreneurial journeys. A commendable budget of Rs 102 crore has been allocated to fund the Bihar Mukhyamantri Udyami Yojana.
Update as of September 30th:
The application window for the Chief Minister Entrepreneur Scheme closes today. Impressively, more than 1.5 lakh applicants have already sought to benefit from this scheme. With the assessment indicating that this year’s application count may surpass 2 lakh, it’s clear that the scheme is gaining significant traction. To shed more light, last year witnessed over 2.30 lakh applications, resulting in 8,000 successful beneficiaries.
The scheme encompasses four distinct programs, including Chief Minister Yuva Bhoomi Yojana, Chief Minister Mahila Udyami Yojana, Chief Minister Scheduled Caste and Tribal Entrepreneur Scheme, and Chief Minister Most Backward Class Entrepreneur Scheme. Two thousand beneficiaries will be selected under each of these schemes, each receiving Rs 10 lakh, comprising a Rs 5 lakh loan and a Rs 5 lakh subsidy.
Update as of September 18th:
In a significant development, the Bihar Industries Department has revealed cases of fund misuse by 12 beneficiaries of the Mukhyamantri Udyami Yojana during an investigation conducted in various districts. Legal actions, including case registrations, are underway to recover the misappropriated funds and ensure accountability. This move underscores the government’s commitment to maintaining transparency and integrity in the scheme. As a reminder, under the Chief Minister Entrepreneur Scheme, 8,000 individuals receive up to Rs 10 lakh annually for entrepreneurial ventures. The application deadline for this year is September 30th.
Update as of September 12th:
The Nitish government has announced the online application dates for the Chief Minister Entrepreneur Scheme 2023-24. Interested candidates can apply online from September 15th to September 30th. To apply, visit the official website www.udyami.bihar.gov.in and seize the opportunity to embark on your entrepreneurial journey.
Objective of Bihar Mukhyamantri Udyami Yojana
The primary objective of the Mukyamantri Udyami Yojana is to foster the growth of micro and small-scale industries within the state. Through this initiative, financial support is extended to Scheduled Caste and Scheduled Tribe citizens to empower them to initiate their entrepreneurial ventures. By doing so, this scheme directly contributes to reducing the overall unemployment rate in Bihar while providing better livelihoods to the youth belonging to these marginalized communities.
Bihar Mukhyamantri Udyami Yojana Loan at 1% Interest
This scheme promotes self-employment, not only encouraging self-sufficiency but also creating employment opportunities for others. The Bihar Chief Minister Entrepreneur Scheme offers youth from all sections of society the opportunity to establish enterprises. Eligible candidates can access loans of up to Rs 10 lakh, along with a 50% grant covering the total project cost or a maximum of Rs 5 lakh. The remaining Rs 5 lakh is provided as an interest-free loan, which beneficiaries are required to repay in 84 installments. The Bihar government has allocated a budget for this program to ensure its effective implementation.
Selection Process under Bihar Mukhyamantri Udyami Yojana
The selection process under this scheme is meticulous and overseen by an 11-member committee led by the Additional Chief Secretary of the Industries Department. Application submissions occur online through a dedicated portal, and the government has issued clear guidelines for the selection process. Entrepreneurs are required to provide detailed project reports and cost information during the application process. The committee evaluates these projects and allocates the incentive amount accordingly.
Bihar Mukhyamantri Udyami Yojana Incentive Amount
As of April 19th, the Bihar government approved the Bihar Mukhyamantri Udyami Yojana, which promises an incentive amount of Rs 10 lakh to all eligible beneficiaries. This incentive is divided into two parts: Rs 5 lakh as a grant and Rs 5 lakh as an interest-free loan. To facilitate repayment, beneficiaries are granted a generous period of 84 installments. The Bihar government has set aside a budget of Rs 200 crore for the scheme’s implementation. To apply for this scheme, visit the official website and complete the online application.
Benefits and Features of Bihar Mukhyamantri Udyami Yojana
- Under the Bihar Chief Minister Entrepreneur Scheme, an incentive of Rs 10 lakh is offered to facilitate the establishment of new industries.
- Eligibility is restricted to citizens belonging to the Scheduled Caste and Scheduled Tribe categories.
- The scheme seeks to bolster the industrial sector and decrease unemployment rates in Bihar.
- Scheduled Caste and Scheduled Tribe citizens can expect improved economic conditions through this initiative.
- A substantial budget of Rs 102 crore has been allocated for the program.
- The incentive amount of Rs 10 lakh is divided into a Rs 5 lakh grant and a Rs 5 lakh interest-free loan.
- The scheme drives industrial growth and subsequently reduces unemployment rates.
- Beneficiaries are provided with interest-free loans, making it financially viable for entrepreneurs.
- The loan repayment period spans 84 installments.
- The loan is interest-free.
- The government offers Rs 25,000 for training and project monitoring.
- Beneficiaries must provide a self-declaration to secure a loan from any nationalized bank.
Key Points of Bihar Mukhyamantri Udyami Yojana
- Benefits are exclusively available to new entrepreneurs.
- Financial assistance of Rs 25,000 per unit is granted for training purposes.
- A grant amount of 50% of the total project cost or a maximum of Rs 5 lakh is provided.
- Loan repayment extends over 7 years, with 84 equal installments.
- Eligible applicants include individuals from Scheduled Caste, Scheduled Tribe, Extremely Backward Class, women, and youth categories.
- Applicants must be permanent residents of Bihar.
- A current account is mandatory to avail benefits.
- Proprietorship firms can be established using the applicant’s personal PAN.
- Applicants must be aged between 18 to 50 years.
- Eligible business structures include proprietorship firms, partnership firms, LLPs, and private limited companies.
- Educational qualifications include 10+2, Intermediate, ITI, Polytechnic, Diploma, or equivalent.
- Applicants should belong to the Scheduled Caste, Scheduled Tribe, Most Backward Class, Women, or Youth category.
Important Documents
For applicants from Scheduled Caste, Scheduled Tribe, Most Backward Class, Women, and Youth categories, the following documents are essential:
- Address proof
- Matriculation certificate
- Intermediate or equivalent qualification certificate
- Sample signature
- PAN card
- Aadhar card
- Passport-sized photo
- Caste certificate (in father’s name)
- Current account with date of issue proof
Process to Apply Under Bihar Mukhyamantri Udyami Yojana
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Registration:
- Visit the official website of the Bihar Industries Department: www.udyami.bihar.gov.in.
- Click on the “Registration” option.
- Provide personal information including name, email ID, gender, mobile number, Aadhaar number, and application type.
- Click on “Get OTP” and enter the OTP received.
- Click “Verify” to proceed.
-
Login Process:
- After verification, login credentials will be sent to your email.
- Use these credentials to log in.
-
Application Form:
- Complete the application form with personal information, educational details, family details, organization details, project details, finance statement, and bank details.
-
Upload Documents:
- Upload the required documents, including caste certificates, signature photos, profile photos, training certificates, land-related documents, PAN cards, institution/unit certificates, residential certificates, and certificates of highest educational qualification.
-
Review and Submit:
- Review all the filled forms and click on “Check Form Data” before submitting.
- After verifying, click on “Verify” to confirm the uploaded documents.
-
Declaration and Final Submission:
- Tick the declaration box and click on “Final Submit” to complete your application.
This detailed process will guide you through applying for the Bihar Chief Minister Entrepreneur Scheme.
Process to Login to Bihar Mukhyamantri Udyami Yojana Portal
- Visit the official website of the Bihar Industries Department.
- Click on the “Login” option.
- Enter your Aadhaar number and password provided during registration.
- Click “Login” to access the portal.
List of Information to be Filled in the Application Form
For Scheduled Caste and Scheduled Tribe applicants, the application form requires details such as:
- General information
- Academic details
- Training details
- Family details
- Organization details
- Details of Promoter/Director/Partner
- Project details
- Land/shed details
- Investment in the project
- Financial resources
- Institutional unit bank details
- Proposed timeline for starting the project
Process to Download Bihar Mukhyamantri Udyami Yojana User Manual
- Visit the official website of the Bihar Industries Department.
- Click on the “User Manual” option.
- Select “Download User Manual.”
- Download the PDF file for reference.
Process to Download Bihar Mukhyamantri Udyami Yojana Resolution
- Visit the official website of the Bihar Industries Department.
- Click on the “Resolution” option.
- Choose either “Scheduled Caste/Scheduled Tribe/Most Backward Class,” “Women’s Resolution,” or “Youth Resolution.”
- Download the relevant resolution in PDF format.
Process to View List of Concerned Institutes
- Visit the official website of the Bihar Industries Department.
- Click on the “Affiliated Institute” option.
- View the list of affiliated institutes.
Process to View Project List
- Visit the official website of the Bihar Industries Department.
- Click on the “Project List” option.
- View the list of projects.
Process to View the List of Bihar Mukhyamantri Udyami Yojana Nodal Officer
- Visit the official website of the Bihar Industries Department.
- Click on the “Nodal Officer” option.
- View the list of nodal officers.
How to View Bihar Mukhyamantri Udyami Yojana Model DPR
- Visit the official website of the Bihar Industries Department.
- Click on the “Model DPR” option.
- Access all the information related to the Model DPR.
Contact Details
Should you encounter any challenges or have questions related to Mukyamantri Udyami Yojana, do not hesitate to reach out for assistance. You can contact the helpline via the following channels:
- Helpline Number: 18003456214
- Email Id: dir-td.ind-bih@nic.in
In conclusion, the Bihar Chief Minister Entrepreneur Scheme, or Bihar Mukhyamantri Udyami Yojana, is a transformative initiative aimed at fostering entrepreneurship, creating employment opportunities, and improving the economic conditions of marginalized communities. By providing valuable financial support and incentives, the Bihar government is facilitating the growth of micro and small-scale industries within the state, ultimately contributing to the region’s economic development. To capitalize on this opportunity, eligible candidates can apply online through the official website. Don’t miss the chance to embark on your entrepreneurial journey and contribute to Bihar’s economic prosperity.
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Bihar Mukhyamantri Udyami Yojana FAQs
What is the Bihar Mukhyamantri Udyami Yojana 2023?
Bihar Mukhyamantri Udyami Yojana 2023 is an initiative by the Bihar government aimed at promoting entrepreneurship and industrial growth. It provides incentives and financial support to individuals, primarily from Scheduled Caste and Scheduled Tribe categories, to establish new industries.
What are the objectives of Bihar Mukhyamantri Udyami Yojana?
The primary objectives of this scheme are to reduce unemployment rates in Bihar, encourage the growth of micro and small-scale industries, and empower marginalized communities, particularly Scheduled Caste and Scheduled Tribe citizens, to become entrepreneurs.
How much financial assistance is provided under this scheme?
Beneficiaries can receive an incentive of up to Rs 10 lakh, which is divided into a Rs 5 lakh grant and a Rs 5 lakh interest-free loan.
Who is eligible to apply for Bihar Mukhyamantri Udyami Yojana?
Eligible applicants include individuals from Scheduled Caste, Scheduled Tribe, Extremely Backward Class, women, and youth categories who are permanent residents of Bihar and aged between 18 to 50 years.
What documents are required to apply for the scheme?
Required documents include address proof, matriculation certificate, intermediate or equivalent qualification certificate, PAN card, Aadhaar card, passport-sized photos, caste certificate, current account proof, and more.
How is the selection process for beneficiaries conducted?
The selection process is overseen by an 11-member committee, and applicants must provide detailed project reports and cost information during the application process. The committee evaluates these projects and allocates the incentive amount accordingly.
Is there any training provided under this scheme?
Yes, beneficiaries can receive financial assistance of Rs 25,000 per unit for training purposes.
What is the loan repayment period for the interest-free loan?
Beneficiaries are required to repay the interest-free loan in 84 equal installments over a span of 7 years.
Can applicants establish different types of businesses under this scheme?
Yes, eligible applicants can establish various types of businesses, including proprietorship firms, partnership firms, LLPs, and private limited companies.
How can I apply for Bihar Mukhyamantri Udyami Yojana?
To apply, visit the official website of the Bihar Industries Department (www.udyami.bihar.gov.in) and follow the registration and application process outlined on the website. For further assistance, you can contact the provided helpline number or email address.
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