In order to bring improvement and considerable advancement in the economic condition of the state, Bihar Government came up with Mukhyamantri Alpsankhyak Rojgar Rin Yojana. Officially, the scheme has been commenced by the Minority Financial Corporation Committee in Bihar. Under this scheme, folks of the minority community of Bihar will be receiving loans of up to ₹ 500000 to increase employment opportunities within the geographical boundaries of Bihar.
Through this scheme, the minority unemployed youth of Bihar will be getting assistance via loans as the medium in setting up their own business. Mukhyamantri Alpsankhyak Rojgar Rin Yojana aims to develop the confidence of all unemployed young girls in Bihar and make them independent and self-reliant. This Yojana is one of the best initiatives by the Bihar Government to usher youth on the track of entrepreneurship & self-employment. This scheme is a way through which minority, as well as unemployed youth of Bihar, may get engaged in business activities.
Under the Alpsankhyak Rojgar Rin Yojana, the Bihar government is rendering financial backing by providing the loan amount to the unemployed youth residing in the state so that they can set the stage for themselves in terms of creating employment. Under this Yojana, the loan amount is directly transferred without any delay to the applicant’s bank account. Any unemployed minority youth of Bihar can apply online by moving to Mukhyamantri Alpsankhyak Rojgar Rin Yojana’s official website.
The central objective of this Yojana is to provide much-needed loans to the needy people belonging to different minority communities. The core objective is to generate employment opportunities. Through Bihar Mukhyamantri Alpsankhyak Rojgar Rin Yojana, there will be an improvement in the economic condition of the people, and they would evolve as self-reliant individuals. Under this scheme, citizens of Bihar may proceed ahead to avail loans from any bank. Souls from minority communities will be developed via this scheme.
The communities covered under Bihar Mukhyamantri Alpsankhyak Rojgar Rin Yojana are mentioned below-
1- Rate of Interest: After the tenure of 3 months of moratorium period, a simple interest rate of about 5% will be levied on the loan amount.
2- EMI: In 20 equal quarterly installments, the loan amount will be repaid.
3- Discount: In case the beneficiary makes the payment of the entire loan amount at the stipulated time frame, then they will be granted a 0.5 % discount on the interest rate.
4- Penalty: In case the beneficiary fails to pay the installment at the right time, then they would have to proceed ahead for paying the penalty.
5- Post-dated Cheque: The beneficiary would have to deposit at least 10 to 20 post-dated cheques.
The documents needed to apply for Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2021 are given below-
Step 1- At an initial step, you would have to go to your nearest bank.
Step 2- After reaching there, you would have to take the application form of CM Alpsankhyak Rojgar Rin Yojana from the bank.
Step 3- After this, you would have to carefully fill all the information demanded in the application form.
Step 4- Then, you need to attach all the essential documents along with this application form.
Step 5- After that, you need to submit the application from in the bank.
By following the above-mentioned stepwise guide, you will be able to apply for Mukhyamantri Alpsankhyak Rojgar Rin Yojana.
Mukhyamantri Alpsankhyak Rojgar Rin Yojana is a heart-warming initiative by the Bihar Government to upgrade the financial status of individuals and families who belong to minority communities of the state. Minority Financial Corporation Committee has introduced this progressive scheme. Unemployed youth will be reaping the financial support. At Aatmnirbhar Sena, we are walking hand in hand with the grand motive of the Bihar Government and would keep supporting this initiative till it fulfils the purpose of serving the unemployed youth in the state.