New Update, Bihar Udyami Yojana, Top 10 Benefits for Entrepreneurs

Bihar Udyami Yojana, The Industry Department of the Bihar Government administers the Mukhyamantri Udyami Yojana, which offers loans to Bihar people for work. The Industry Department provides annual loans under this program to establish new industries. The Chief Minister Scheduled Caste/Scheduled Tribe/Very Backward Class/Women/Youth Entrepreneur Scheme is another name for the Mukhyamantri Udyami Yojana. The Industry Department offers loans up to Rs 10 lakh under the BIHAR UDYAMI YOJANA. It is also eligible for a 50% subsidy.

If you also want to set up an industry by taking a loan under Mukhyamantri Udyami Yojana, then there is big news for you. How to apply under this scheme, when and how to apply, what documents will be required, what is the eligibility to take this loan and how will you get a loan of up to Rs 10 lakh. All the information related to this is given in detail below. Click on the link given below to apply online under the UDYAMI YOJANA scheme and learn more about it

BIHAR UDYAMI YOJANA 2025

What is the Bihar Entrepreneur Scheme ?

What is BIHAR UDYAMI YOJANA? The Bihar government's Industries Department launched the Bihar Mukhyamantri Udyami Yojana to encourage the growth of new businesses in the state. The Chief Minister Scheduled Caste/Scheduled Tribe/Very Backward Class/Women/Youth Entrepreneur Scheme is the name of this program. The maximum loan amount under this policy is Rs 10 lakh, with a 50% subsidy, or Rs 5 lakh discount, applied.

In addition, the government provides kids with numerous other benefits. The BIHAR UDYAMI YOJANA program provided rewards to a large number of young people last year. Under the Mukhyamantri Udyami Yojana, women and men who are SC, ST, OBC, women, or young entrepreneurs can apply for rewards.

Benefits of the Chief Minister Entrepreneur Scheme

Benefits will only be provided for the establishment of new industries. Additionally, the units benefit from the 2016 Bihar Industrial Investment Promotion Policy. Under this initiative, loans up to ₹10 lakh can be made. It will be eligible for a maximum grant or subsidy of 500000 (five lakh), or 50% of the total amount approved under the special incentive scheme. An interest-free loan of 50% of the project's total cost (per unit), up to Rs 5,00,000 (five lacks), will be repaid by the young women in the area in seven years (84 equal instalments).

Bihar Udyami Yojana Eligibility (Who will get the benefit)

The applicant must meet certain eligibility requirements set by the Industry Department in order to be eligible for benefits under the Mukhyamantri Udyami Yojana. Since only those who qualify can receive benefits under the BIHAR UDYAMI YOJANA, if you also wish to receive benefits under this plan, make sure to review the requirements listed below. Its specifics are provided below. 
 

• will only be distributed to Bihar state's permanent residents.
• would be distributed to unemployed women and youth who belong to Scheduled Tribes or Scheduled Castes.
• The applicant's educational background must be Intermediate, ITI, Polytechnic, or Pre-passed.
  The minimum and maximum ages should be 18 and 50 years old, respectively.
• Individual current accounts under the applicant's name or the firm's name will be valid in the event of a proprietorship. Only after approval will the
• authorised sum to be moved via RTGS to the firm's current account.
• The entrepreneur may operate a proprietorship business on his personal PAN.
• The planned firm's name should be on the present account.
• The applicant will need to set up his business and register it.
• Under this, there are numerous options: It can be carried out as a private limited company, partnership, or proprietorship.

Required Documents for Chief Minister Udyami Yojana

• Aadhar card
• email id
• Mobile Number
• Caste Certificate (in father's name in case of female)
  Address proof
• Scanned passport-size photo (JPG 120 KB)
• Scanned Signature (Signature JPG 120 KB)
• Matriculation certificate (for age proof)
• Educational Qualification Certificate (like 
  Intermediate, ITI, Polytechnic, Diploma or equivalent certificate)
• Bank Passbook (Savings/Current)

BIHAR UDYAMI YOJANA Project List (Project List)

BIHAR UDYAMI YOJANA has provided a list of numerous projects for the establishment of industries. You can establish your business in any of these projects and receive a loan under this program. Therefore, you must review the list of projects below to determine which ones qualify for a loan if you also wish to benefit from the knowledge.

Bihar Udyami Yojana Online Apply 2025: Online Application Process

First, go to the Chief Minister's Scheduled Caste/Scheduled Tribe/Extremely Backward Class/Women/Youth Entrepreneur Scheme website to apply online for the Bihar Mukhyamantri Udyami Yojana.

There is no need to submit the given acknowledgement anywhere. The applicants will be selected through the random lottery system given by the Bihar government. The amount of Rs 10 lakh will be sent by the Bihar government to the selected applicants to set up other industries directly to the applicant's account in three instalments. The youth selected for benefits under this scheme are sent for 2 weeks of training in training institutes listed by the Industries Department.

The provided acknowledgement does not need to be submitted anywhere. The Bihar government would use a random lottery mechanism to choose the applicants. The Bihar government would pay the chosen candidates Rs 10 lakh in three installments to establish additional industries straight into their accounts. The youngsters who are chosen to get benefits under this program are directed to training facilities listed by the Industries Department for a two-week program.

Bihar Udyami Yojana Selection Process

Based on the previous year, a random lottery mechanism was used to choose the UDYAMI YOJANA beneficiary. As a result, this initiative has only provided advantages to the chosen candidates. It's probable that a lottery will be used this time around to choose the recipient of the reward under this plan. Within 15 days, the committee reviews the approved applications. For physical verification, it is thereafter forwarded to the manager of the relevant District Industry Centre.

The chosen applicants will get two weeks of training at the specified institutions following the conclusion of the screening process. The committee then gives them the first instalment payment based on their project's DPR. The beneficiaries will receive the project's proceeds in three convenient payments. Following selection, each applicant receives Rs 25,000 for training.

Bihar Udyami Yojana 2024 (Loan amount has to be paid like this)

Benefits under the Bihar Udyam Yojana would only be provided for the establishment of new industries. Additionally, the units benefit from the 2016 Bihar Industrial Investment Promotion Policy. 50% of the authorised sum, up to Rs 500000 (five lakh), would be awarded as a grant or subsidy under the special incentive program. Within seven years (84 equal instalments), girls in the affected region will be required to return 50% of the project's total cost (per unit) up to a maximum of Rs 5,00,000 (five lakh) as an interest-free loan.

Key Features of Bihar Udyami Yojana

The plan has a number of significant components that make it advantageous for aspiring business owners:

• Financial Assistance: Offers loans and other forms of financial support.
• Subsidised Loans: Low interest rates make loan repayment simpler.
• Assistance for Female Entrepreneurs: Special measures are made to help women launch their own companies.
• Simplified Application Process: Online registration and documents are simple to follow.
• Government Monitoring: To guarantee efficacy and transparency, the program is continuously observed.
• Skill development: Instruction and mentoring programs to help business owners run their companies efficiently.

Conclusion

Aspiring small business owners and entrepreneurs have a great chance to realise their dreams with the Bihar Udyami Yojana. Through government backing, skill development, and financial aid, this program promotes economic expansion and job creation in Bihar. Eligible applicants can take advantage of this effort and aid in the growth of the state by completing the straightforward registration process and creating a concise business plan. Take advantage of this plan if you want to launch a new business and make your goals a reality.