Bihar Mukhyamantri Udyami Yojana
Bihar Mukhyamantri Udyami Yojana

Mukhyamantri Udyami Yojana is an initiative of the Bihar state government. This scheme is a business loan scheme funded by the state government. Like other business loan schemes, loans are provided at a very low-interest rate. Now let’s take a look at this scheme. 

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Bihar Mukhyamantri Udyami Yojana

In this scheme, Bihar Government encourages the educated youths of the state to establish their own business. For this, the state government will provide them a loan of 10 lakh rupees. 50% of this loan is interest-free and the rest 50% will be on a 1% interest rate. 

Official information of the scheme 

Name Bihar Mukhyamantri Udyam Yojana 
Started by Bihar State Government 
Aim Providing loans to educated youths to start their own business
Beneficiaries Domicile of Bihar 

Eligibility Criteria for Mukhyamantri Udyami Yojana

  • Applicant must be a domicile of Bihar. 
  • Only 18 to 50 years old can apply for a loan under this scheme. 
  • This scheme is only for SC, ST, EBC, women, and youths.  
  • For taking benefits of this scheme a beneficiary must be 10+2 passed, ITI, Polytechnic, or diploma holder. 
  • Only proprietorship firms, partnership firms, and private limited companies are eligible for this scheme.

Required documents 

  • Aadhar Card or other ID proof 
  • PAN card applicant’s or his firm’s 
  • Domicile certificate 
  • Caste certificate 
  • Educational certificates 
  • Passport size photo of the applicant 
  • Signature of the applicant 
  • Bank statement 
  • Canceled check 

Provisions made in Mukhyamantri Udyami Yojana

  • Under this scheme, the state government will provide a 10 lakh rupees loan. 
  • 50% of this loan is interest-free and 1% interest is on the rest amount. 
  • The interest-free amount of the loan must be returned in 7 years in 84 installments. 
  • After the selection beneficiaries will get an additional amount of 25 thousand rupees per unit. 

How to apply for Mukhyamantri Udyami Yojana?

For applying under this scheme you may have to go through the many stages given below. 

Registration 

  • Open the homepage of the official website. 
  • Then click on the registration option. 
  • After this, a new page will open, and on this page, you have to enter the asked details. 
  • Then click on the send OTP. 
  • After this enter the OTP and click on the verify button after verification you are registered.  

Log in 

  • After the verification, you may receive the login password. 
  • You can log in to the portal through this password. 

Applying 

  • After login into the portal, you can see the application form on your screen. 
  • Then you have to enter all the asked details in this form asked by the stagewise one after one like on first stage personal details on second stage educational details etc. 
  • After filling in all the details attach all the details and recheck everything. 
  • Then verify the documents and click on the submit button. 
  • After submitting click on the declaration option and after this click on the final submit. 

Ways of contact 

If you want to contact the officials of the scheme then there are many ways you can check their official website or call them. 

Official website Website 
Phone number 1800 345 6214
Email ID dir-td.ind-bihar@nic dot in 
Postal Address Udyog Vibhag Vikas Bhawan, New Secretariat, Beli Road, Patna 

Now your turn

That’s it, it’s the end of the article, hope it was helpful to you.  If yes then share it and comment if you have anything in your mind about government schemes. We are waiting for your questions and suggestions. 

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