The Bihar state government has introduced the Mukhyamantri Udyami Yojana, aimed at empowering youth from Scheduled Caste, Scheduled Tribe, and economically backward communities. Under this initiative, eligible individuals can avail a loan of Rs 10 lakh to set up their own business. The scheme not only provides financial support but also offers training and project monitoring, enabling recipients to turn their entrepreneurial dreams into reality.
This scheme is designed to foster self-employment, reduce unemployment, and promote industrial growth in Bihar. Citizens who meet the eligibility criteria are encouraged to apply and avail themselves of this valuable opportunity to become self-reliant.
What is Bihar Udyami Yojana?
Bihar Udyami Yojana is a welfare scheme launched by the Bihar government to uplift economically weaker sections, particularly youth from Scheduled Caste, Scheduled Tribe, and Backward Class communities. The scheme offers financial assistance of Rs 10 lakh, out of which Rs 5 lakh will be provided as a grant, and the remaining Rs 5 lakh will be disbursed as a loan at a minimal interest rate of 1%.
The government has allocated a budget of Rs 102 crore for this scheme, aiming to benefit 8000 individuals, including 2000 women. This initiative not only provides financial aid but also includes skill development and training, empowering individuals to start sustainable businesses.
What is the Objective of Bihar Udyami Yojana?
The primary objective of the Bihar Udyami Yojana is to encourage self-employment among the youth of Bihar, particularly those from Scheduled Caste, Scheduled Tribe, and Backward Class communities. The scheme aims to create employment opportunities in the state, helping individuals to become self-reliant and contribute to the local economy. By providing financial assistance, the government seeks to promote entrepreneurship and reduce unemployment in Bihar.
The scheme focuses on sustainable business development, providing training and project monitoring, and supporting individuals in building successful enterprises.
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Selection Process of Bihar Udyami Yojana 2025
The selection process for Bihar Udyami Yojana involves an 11-member committee headed by the Additional Chief Secretary of the Industries Department. Applicants must first submit their project reports along with the required details about their business idea and financial needs. Based on these applications, the committee selects the eligible beneficiaries.
Only those who meet the eligibility criteria, provide accurate project reports, and submit all necessary documentation will be considered for financial assistance under this scheme.
Benefits of Bihar Chief Minister Entrepreneur Scheme
The Bihar Udyami Yojana offers numerous benefits to aspiring entrepreneurs:
- Loan Amount: A loan of up to Rs 10 lakh is available to set up businesses.
- Grant: 50% of the total loan amount (Rs 5 lakh) is provided as a grant, which does not need to be repaid.
- Low-Interest Loan: The remaining Rs 5 lakh is provided as a loan at an interest rate of only 1%.
- Repayment Term: The loan amount can be repaid in 84 installments over a period of 7 years.
- Training: Beneficiaries receive comprehensive training and project monitoring, supported by a ₹25,000 grant for training expenses.
- Promotes Self-Employment: The scheme aims to promote entrepreneurship and reduce unemployment in the state.
- Inclusivity: Special focus on providing opportunities to women and backward class communities.
This initiative will empower individuals to become self-reliant and create sustainable business models.
Eligibility Criteria
Applicants must fulfill the following requirements in order to be eligible for the Bihar Udyami Yojana:
- Resident of Bihar: Only native residents of Bihar can apply.
- Targeted Groups: Scheduled Caste, Scheduled Tribe, Backward Class, women, and young entrepreneurs are eligible.
- Age Requirement: Applicants must be between 18 to 50 years old.
- Educational Qualification: The applicant must have completed at least 10+2 or possess equivalent qualifications.
- Current Account: It is mandatory to have a current account in a bank.
- Business Type: The scheme allows for starting sole proprietorships, partnership firms, LLPs, or private limited companies.
This scheme is designed to foster entrepreneurial spirit and economic independence among Bihar’s youth.
Required Documents
Applicants need to provide the following documents while applying for the Bihar Udyami Yojana:
- Aadhar Card
- Address Proof
- Educational Qualification Certificate
- PAN Card
- Bank Passbook
- Mobile Number
- Passport Size Photo
- Caste Certificate
- Signature Specimen
These documents will be verified during the application process to ensure eligibility.
How to Apply for Bihar Udyami Yojana Online
Interested candidates can apply online for Bihar Udyami Yojana by following these steps:
- Visit the Official Website: Go to the official website of the Bihar Industries Department.
- Registration: On the homepage, select the “Registration” option.
- Fill in Details: Enter essential details such as name, Aadhar number, email ID, mobile number, etc.
- Get OTP: Click on “Get OTP” and verify your mobile number using the received OTP.
- Login: Use the login ID and password sent to your email to access the portal.
- Application Form: Fill in the application form with your personal details, educational background, family details, organizational details, financial details, and bank account information.
- Upload Documents: Upload all the required documents.
- Recheck: Click on “Check Form Data” to ensure all details are correct.
- Verify Docs: Use the “Verify Docs” option to cross-verify documents, and tick the declaration before submitting the form.
- Submit: Finally, click on “Submit” to complete your online application process.
By following these steps, candidates can easily apply for Bihar Udyami Yojana and secure financial assistance for business development.
Conclusion
Bihar Udyami Yojana 2025 is a significant opportunity for young entrepreneurs in Bihar to start their own businesses with financial assistance from the state government. Offering a loan of Rs 10 lakh—half as a grant and half as a low-interest loan—this scheme empowers individuals from economically disadvantaged backgrounds to achieve self-reliance. With comprehensive training and project monitoring, the scheme aims to build sustainable businesses that reduce unemployment and promote industrial growth in Bihar.
If you are a resident of Bihar and fall under the targeted groups, don’t miss out on this opportunity to turn your entrepreneurial dreams into reality. Apply today and take the first step toward building a successful business venture.
FAQs
Who can apply for Bihar Udyami Yojana?
Only residents of Bihar belonging to Scheduled Caste, Scheduled Tribe, Backward Class, women, and young entrepreneurs can apply.
What is the highest loan amount that may be obtained using this program?
The maximum loan amount provided under Bihar Udyami Yojana is Rs 10 lakh, with Rs 5 lakh as a grant and Rs 5 lakh as a low-interest loan.
What documents are required to apply for Bihar Udyami Yojana?
Applicants need to provide Aadhar card, address proof, educational qualification certificate, PAN card, bank passbook, mobile number, caste certificate, and passport-size photo.