Bihar Mukhyamantri Udyami Yojana is yet another effective scheme towards promoting the employment rate in Bihar. Amidst the coronavirus crisis, the issue of unemployment has taken a toll on other underlying problems. Unemployment is not a new problem that has arisen but has been the emerging one since time immemorial. The declining rate of employment directly affects the progress and development of the Nation.
The best way to do away with the rising issue of employment is to promote the entrepreneurship environment across the Nation. Bihar Mukhyamantri Udyami Yojana is one such great initiative towards fostering entrepreneurship and other job oriented opportunities. Bihar State Government is striving hard to fight this battle against unemployment and covid at the same time. Bihar Mukhyamantri Udyami Yojana creates opportunities and opens avenues for the curious people willing to take benefit out of it.
The scheme further aims at uplifting the underprivileged section of society. Bihar Mukhyamantri Udyami Scheme is an entrepreneur scheme and helps provide financial assistance for their means of living. The program aims to uplift the small industries and set up new initiatives to offer living standards. The scheme provides employment-related opportunities, sets up industries, and provides financial aid to SC/ST is the primary role of Bihar Mukhyamantri Udyami Yojana.
About Bihar Mukhyamantri Udyami Yojana
The Government of Bihar has started this scheme for Scheduled Castes and Scheduled Tribes. Under this scheme, the government should provide an incentive amount of Rs 10 lakh for setting up the industry. The government has started the entrepreneurship scheme to give impetus to the industry. Bihar Mukhyamantri Udyami Yojana is how unemployment rates shall come down, and SC and ST Citizens will get financial aid/assistance to start their enterprise. The Bihar government has set a budget of 102 crores for the Bihar Chief Minister Entrepreneur Scheme.
The incentive worth Rs. 10 lakh will be provided to all the beneficiaries under Bihar Mukhyamantri Udyami Yojana 2020 as incentive money. Out of these 10 lakh rupees, 5 lakh rupees are provided as grants, and 5 lakh rupees is provided in furtherance of an interest-free loan. The beneficiary will have to pay in 84 installments. If anyone is willing to apply under this scheme, they have to apply it by going to its official website online. The process of which we will guide you through.
Objective of the Scheme
Multiple objectives of Bihar Mukhyamantri Udyami Yojana include:
The main objective of Bihar Mukhyamantri Udyami Yojana is to promote micro and small scale industries in the state. This current scheme will provide financial assistance to scheduled caste and scheduled tribe citizens to start their business. The unemployment rate will also decline through this scheme. With this, the Scheduled Caste and Scheduled Tribe youth will get a better livelihood. The scheme’s primary objective is to improve the employment ratio in the state of Assam. The State Government aims at improving the standard of underprivileged people.
Benefits of Bihar Mukhyamantri Udyami Yojana
The benefits of the Bihar Mukhyamantri Udyami Yojana are as follows:
- Under the Bihar Mukhyamantri Udyami Yojana, an incentive amount of Rs 10 lakh will be provided by the government for setting up the industry.
- Only Scheduled Caste and Scheduled Tribe citizens can avail the benefit of this scheme.
- Government of Bihar is trying to give impetus to the industry.
- Unemployment rates will come down through this scheme.
- The economic condition of Scheduled Castes and Scheduled Tribes citizens will also improve through this scheme.
- A budget of Rs 102 crore has got set by the Government of Bihar for this scheme.
- Out of the incentive amount of Rs 10 lakh, Rs 5 lakh as a grant, and Rs 5 lakh as an interest-free loan is provided.
- Industries will be encouraged through this scheme.
- The unemployment rate will also fall under this scheme.
- Scheduled Castes and Scheduled Tribes citizens will get a better livelihood.
- The loan amount needs to get deposited in 84 installments.
- The loan shall remain interest-free.
- The government will provide ₹ 25000 for training and project monitoring.
- To avail of a loan, it is mandatory for the beneficiary to self-declare from any national bank.
Eligibility Criteria
The below-given criteria must be followed:
- The applicant should be a permanent resident of Bihar.
- Applicant must be of a scheduled caste or scheduled tribe.
- Educational qualification under this scheme should be intermediate, ITI, polytechnic, or otherwise.
- The age of the applicant should be between 18 to 40 years.
- The applicant must register under the Institute Proprietorship, Partnership, Limited Liability Partnership, or Private Limited Company.
Procedure to Apply Online under Bihar Mukhyamantri Udyami Yojana
The process to apply in Bihar Chief Minister Entrepreneur Scheme:
Step 1: Firstly, the applicant has to go to the Bihar Chief Minister Entrepreneur Scheme’s official website.
Step 2: Now the home page shall open in front of the applicant.
Step 3: On the home page, the applicant has to click on the link of the register.
Step 4: Now the application form will open.
Step 5: The applicant has to enter all the information asked in the application form, such as the name, mobile number, application type, etc.
Step 6: Now the applicant needs to go on the proper link to Get OTP.
Step 7: Now the applicant has to enter OTP in the OTP box.
Step 8: After this, they have to upload all the essential documents.
Step 9: Now, they have to click on the submit button. And this is how they will be able to apply under the scheme.
Required Documents
Documents required under the scheme are as follows:
- Caste Certificate
- Income Certificate
- Aadhaar Card
- Educational Qualification Certificate
Procedure to Log in on the Portal
Step by step procedure is as follows:
Step 1: Firstly, the applicant needs to go to the Bihar Chief Minister Entrepreneur Scheme’s official website.
Step 2: After which the home page will open in front of the applicant.
Step 3: On the home page, the applicant has to click on the login link.
Role of Aatmnirbhar Sena
As a full-fledged Organization, Aatmnirbhar Sena is always determined to aid and assist State/Central Governments in their worthy cause of welfare towards society. We work hand in hand in terms of the policies undertaken by the government.
- We lend all possible aids towards the implementation of the current strategy.
- We shall dictate all possible tools and mechanisms to promote the entrepreneurship ecosystem and provide a security blanket to those who need us the most:
- We shall lend all our assistance in making the people of the state aware of this scheme.
- We shall assist all the curious applicants willing to take advantage of the plan.
- We shall upgrade entrepreneurship skills amongst the SC/ST and other underprivileged.
- We shall conduct a mentorship program, skill-oriented workshops, training, etc., to encourage and awaken the people to opt for entrepreneurship. We shall work relentlessly towards all possible efforts and making this scheme a successful one.
Conclusion
Bihar Mukhyamantri Udyami Yojana has played a brilliant role and has been a successful one by far. By encouraging the entrepreneurship ecosystem, we further aim towards a progressive state and Nation.
