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Bihar Udyami Yojana 2024-25: Online Application, Eligibility Criteria, Benefits, Documents Required, and More

Bihar Udyami Yojana 2024-25 is a government scheme initiated by the state of Bihar. The motive behind the scheme is to support small businesses existing in the state, promote entrepreneurship, and encourage them as well.

The Bihar Udyami Yojana scheme aims to offer financial assistance to people from Extremely Backward Classes, Scheduled Tribes, Scheduled Castes, youths, and women.

Under the Bihar Udyami Yojana, eligible individuals can get a loan of up to 10 lakh rupees with a subsidy given to the beneficiaries of up to 50% of the loan amount.

Interested individuals can apply for the scheme starting on July 1, 2024. Moreover, the application window will be open until July 31, 2024.

Features of Bihar Udyami Yojana 2024-25

The recently launched Bihar Udyami Yojana 2024-25 primarily focuses on providing support to the beneficiaries and giving them training to help them successfully run their business.

The scheme also ensures that no individual or entrepreneur who is new to the business should face any kind of stress or depression regarding the business.

Bihar Udyami Yojana also works towards creating huge opportunities for employment by boosting the economy of the state. Moreover, it will result in a decrease in the unemployment rate of the state.

Bihar Udyami Yojana helps in encouraging the underprivileged and marginalized sections of society by giving them socio-economic status and promoting inclusive growth.

This scheme is a huge step taken by the Bihar government towards fostering a culture of innovation and self-reliance in Bihar by empowering individuals.

Eligibility Criteria for Bihar Udyami Yojana

Go through the following eligibility criteria to apply to the Bihar Chief Minister Udyami Yojana 2024:

  1. An individual is required to be a permanent resident of the state of Bihar.
  2. The minimum age for applying is 18 years, and the maximum is 50 years.
  3. The candidate must possess a degree from ITI, high school graduation, or equivalent to it.
  4. Under this scheme, women, unemployed young people, Scheduled Tribes, and Scheduled Castes are given priority.
  5. In the case of business firms, the scheme allows only partnership firms, proprietorship firms, private limited companies, and limited liability corporations to be eligible for this program.
  6. The applicant is required to have a current account in any nationalized bank.

Documents Required to Apply For Bihar Udyami Yojana

Make sure you keep the following documents handy before starting to apply for the scheme:

  1. Aadhaar card and PAN card
  2. Caste certificate (if applicable)
  3. Intermediate or equivalent qualification certificate
  4. Matriculation certificate
  5. Organization certificate
  6. Applicant photograph
  7. Specimen signature
  8. Permanent residence certificate
  9. Business plan or project report
  10. Bank statement with a canceled cheque

How to Apply for Bihar Udyami Yojana Online?

If you are searching for how to apply for Bihar Mukhyamantri Udyami Yojana online, then here’s a simple guide to help you out:

  1. Visit the official website of the Industry Department of the Government of Bihar.
  2. Go to the home page.
  3. Search for the “Bihar Chief Minister Entrepreneur Scheme” section.
  4. Click on “Registration,” register yourself with your Aadhaar card and phone number, then create a password.
  5. The Login page will appear, insert the details like your Aadhaar number and password, then click on Login.
  6. After logging in successfully, you will find the application form.
  7. Fill up the application form correctly with the required information.
  8. After filling out the form, upload all the necessary documents mentioned in the form.
  9. After uploading the required documents, click on the submit button.
  10. After successful submission, a receipt will be generated. Keep the receipt for future use.

Note: If your application form is selected/approved, then you will receive a grant worth Rs 10 lakh for the establishment of an industry.

FAQs

Who is eligible for the Bihar Udyami Yojana?

Eligibility includes being a permanent resident of Bihar, aged 18 to 50, with educational qualifications such as an ITI degree or high school diploma. Priority is given to women, unemployed youths, Scheduled Tribes, and Scheduled Castes.

When can I apply for the Bihar Udyami Yojana?

Applications are open from July 1, 2024, to July 31, 2024.

How do I apply for the Bihar Udyami Yojana?

Apply online through the official website of the Industry Department of the Government of Bihar, complete the registration using your Aadhaar card and phone number, and then submit the filled application form along with required documents.

What documents are required to apply for this scheme?

Required documents include Aadhaar card, PAN card, caste certificate (if applicable), educational certificates, organization certificate, applicant photograph, specimen signature, permanent residence certificate, business plan, and bank statement with a canceled cheque.

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Subhashree Panda

Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

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