The Bihar state government has introduced the Bihar Mukhyamantri Udyami Yojana 2024-25 for the unemployed citizens and youth of Bihar. This initiative aims to provide financial assistance of up to Rs 10 lakh to economically disadvantaged individuals in the state, enabling them to start their own businesses. The scheme offers a 50% subsidy on the loan amount, with the remaining loan being interest-free.
The primary objective of this scheme is to foster new enterprises within Bihar, thereby increasing employment opportunities and reducing the unemployment rate. Eligible citizens and youth can apply online for the Bihar Udyami Yojana 2024-25 between July 1, 2024, and July 31, 2024, by visiting the official website udyami.bihar.gov.in.
Contents
- 1 Overview of Bihar Mukhyamantri Udyami Yojana 2024-25
- 2 Eligibility Criteria for Bihar Mukhyamantri Udyami Yojana 2024-25
- 3 Required Documents for Bihar Mukhyamantri Udyami Yojana 2024-25
- 4 How To Apply for Bihar Mukhyamantri Udyami Yojana 2024–25?
- 5 Important Dates of Bihar Mukhyamantri Udyami Yojana
- 6 FAQs
Overview of Bihar Mukhyamantri Udyami Yojana 2024-25
The scheme aims to promote new enterprises in Bihar, thereby creating employment opportunities and reducing the unemployment rate in the state.
| Scheme Name | Bihar Udyami Yojana |
| Started By | Industries Department, Government of Bihar |
| Beneficiary | Unemployed youth and citizens of the state |
| Benefits | Loan up to Rs 10 lakh will be provided to start your own business |
| Loan Amount | 10 Lakh Rupees |
| Subsidy Provided | 50 % |
| Application Start Date | 01 July 2024 |
| Application Last Date | 31 July 2024 |
| Registration Mode | Online |
| Notification | Click Here |
| Official Website | udyami.bihar.gov.in |
Eligibility Criteria for Bihar Mukhyamantri Udyami Yojana 2024-25
- You must meet the following eligibility criteria to apply for Bihar Mukhyamantri Udyami Yojana –
- Applicants must be permanent residents of Bihar
- Applicant should be unemployed from Scheduled Castes and Scheduled Tribes
- Age requirement: 18 to 50 years
- Educational qualification: Minimum 12th pass or equivalent (Polytechnic ITI, Diploma, Intermediate).
- Ownership requirement: Personal current account in the applicant’s name. The current account must be in the name of the proposed firm.
- Applicants must possess all necessary documents for application
Required Documents for Bihar Mukhyamantri Udyami Yojana 2024-25
If you’re eligible, you have to submit the following documents while applying for this scheme –
- Aadhar Card
- Residence Certificate
- Caste Certificate
- Age Certificate
- Income Certificate
- Educational Qualification Certificate
- PAN Card
- Signature
- Cancelled Cancelled Check
- Passport Size Photo
- Bank Account Passbook
How To Apply for Bihar Mukhyamantri Udyami Yojana 2024–25?
You need to follow these simple steps to apply for the scheme –
- Go to the official website at udyami.bihar.gov.in.
- Click on the Registration option on the home page.
- The login page will appear on your screen. Here, log in by entering your UID number and password.
- A new page will open in front of you. Here, you will see the registration form for this scheme.
- Enter all the required details asked in this registration form correctly and upload all the required documents.
- Lastly, click on the Submit option to submit your application.
That’s it. This is how you can easily apply for the Bihar Mukhyamantri Udyami Yojana.
Important Dates of Bihar Mukhyamantri Udyami Yojana
For the citizens and youth of Bihar state who want to register for Bihar Udyami Yojana 2024-25, the details of the starting and last date for registration are as follows.
| Registration Start Date | 01 July 2024 |
| Registration Last Date | 31 July 2024 |
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FAQs
How much subsidy can I avail under the Mukhyamantri Udyami Yojana?
The scheme offers a subsidy of up to 50% on the loan amount, with a maximum subsidy limit of ₹5 lakh. So, if you get a loan of ₹10 lakh, you will get a subsidy of ₹5 lakh and repay only ₹5 lakh.
Can I apply if I have a business idea but haven’t registered the business yet?
It’s likely possible to apply with a solid business plan even if you haven’t formally registered your business. However, registration might be required before receiving the loan or subsidy.
What happens if my loan application is rejected?
Unfortunately, the specific reasons for rejection might not be disclosed. However, you might be able to reapply in the future scheme cycle if you address any shortcomings in your application.
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