The Bihar government has introduced a new initiative to support budding entrepreneurs through the Chief Minister Udyami Yojana 2024. This scheme aims to facilitate the establishment of new enterprises by providing financial assistance. Eligible applicants can receive a loan of up to Rs 10 lakh with a 50% subsidy to kick-start their ventures.
Key Details of the Scheme:
- Maximum Loan Amount: Rs 10 lakh
- Subsidy: 50%
- Financial Assistance: Provided in three instalments
- First Instalment: 25% of the total amount
- Second Instalment: 50% of the total amount
- Third Instalment: 25% of the remaining amount
Application Deadline: Today, July 31, 2024
Current Status:
- Applications Received: Over 3 lakh
- Registrations: More than 4.43 lakh
- Loans and Financial Grants for the Year: 9,200 people
Application Trends:
- Gaya District: 20,823 applications
- East Champaran: 16,824 applications
- Aurangabad: 14,041 applications
- Rohtas: 14,077 applications
- Patna and other areas are also notable contributors.
Selection Process:
- Applications will be scrutinized and selected through a lottery system.
- The lottery process is expected to be completed by the last week of August.
Documents Required for Application:
- Age Verification: Matriculation certificate, birth certificate, PAN card, or Aadhaar card
- Aadhaar Card
- Residential Certificate
- Caste Certificate
- Monthly Family Income Certificate: Issued by Anchal Office
- Bank Statement/Cancelled Cheque/Passbook: Containing account number and IFSC code
- Photograph of the Signature
- Disability Certificate: If applicable
How to Apply:
- Applications can be submitted online on the official portal of the Chief Minister Udyami Yojana.
This scheme is part of the Bihar government’s efforts to boost local entrepreneurship and provide financial support to those with innovative business ideas but lacking initial capital. For more information and to apply, visit the official website of the Chief Minister Udyami Yojana.
