Mukhyamantri Udyami Yojana, launched by the Bihar government, helps the state’s low-income families to establish self-employment. Under this scheme, the government provides financial assistance of up to two lakh rupees to more than 94 lakh low-income families. The target of Bihar Laghu Udyami Yojana 2024 is to benefit at least one crore low-income family members whose monthly income is less than ₹ 6,000.
This amount is given to the selected beneficiaries in three instalments. It can be used to set up 62 types of small-scale industries in the state, such as handicrafts, textile industry, opening a salon or restaurant.
Bihar Laghu Udyami Yojana 2024, launched by the Bihar government, is a revolutionary initiative to help the youth and women of the state establish self-employment and become self-reliant. Under this scheme, financial assistance of up to ₹ 2 lakh is provided to eligible applicants so they can start their own small-scale industry.
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The Aim of Bihar Laghu Udyami Yojana 2024
Employment Generation: The scheme’s primary objective is to promote employment opportunities in Bihar. It aims to encourage youth and women to set up self-employment and create their own sources of income.
Economic Empowerment: The aim is to empower the state’s people economically, especially the poor and underprivileged. By getting financial assistance, they can start their own business.
Women Empowerment: The scheme focuses on empowering women and helping them become financially independent. With reserved seats for women, the scheme seeks to promote gender equality and encourage women to participate in entrepreneurship.
Skill Development: CM Udyami Yojana also aims to help youth develop the skills required for entrepreneurship. Under the scheme, skill development programs provide beneficiaries with the knowledge and experience to start and run a business.
Benefits of Laghu Udyami Yojana Bihar 2024
Financial assistance: Qualified Candidates are provided up to ₹2 lakh. This can be used to establish a business and purchase machinery and equipment.
Skill development training: Beneficiaries are provided with free skill development training. This training gives them the knowledge and experience to start and run a business.
Market support: Udyami Bihar also provides market support to beneficiaries. This includes guidance and assistance for marketing and selling the products.
Grants and subsidies: Under the scheme, beneficiaries also get the opportunity to avail of various grants and subsidies.
Eligibility for Bihar Laghu Udyami Yojana
- Be a permanent resident of Bihar.
- Must be aged between 18 and 50
- Be at least the 10th pass.
- Family annual income should be less than ₹60,000.
- Not be a beneficiary of any previous government scheme.
How do I apply for the Bihar Laghu Udyami Yojana?
- Applicants can apply online through the official website of the Bihar Industries Department.
- Once the application is complete, it must be submitted along with all supporting documents.
- A selection committee will evaluate the applications.
- Selected applicants will receive financial assistance.
Note: The online application process for Bihar Laghu Udyam Yojana 2024-2025 is over. The scheme was started on 5 February 2024 and closed on 20 February 2024.
Financial Assistance under the Scheme:
- To set up a business: Up to ₹1 lakh
- To buy machinery and equipment: Up to ₹50,000
- As working capital: Up to ₹50,000
Selection Process For the Bihar Laghu Udyami Yojana 2024
Applications are evaluated by a selection committee, which makes the selection based on the applicant’s proposal, business plan viability, previous experience (if any) and interview performance.
Factors to be considered by the Selection Committee.
- Viability of the business plan: The selection committee will assess whether the proposed business model is robust and profitable in the long term.
- Required skills and experience: The selection committee will assess whether the applicant has the necessary skills and expertise to run the business successfully.
- Interview performance: The interview is an integral part of the selection process. It allows the selection committee to assess the applicant’s passion, entrepreneurial spirit and commitment to the business.
Required documents of Mukhyamantri Udyami Yojana Bihar
While applying, it is necessary to submit the following documents:
- Aadhaar Card: Aadhaar Card of the applicant
- Proof of Address: Proof of permanent residence in Bihar (voter ID card, ration card, electricity bill etc.)
- Age Proof: Birth certificate, school leaving certificate, or any other document that proves age.
- Educational Qualification Certificate: Class 10th mark sheet or equivalent.
- Caste Certificate (if applicable): Caste Certificate (for SC/ST/OBC, if applicable)
- Annual Income Certificate: Certificate of yearly income of the family (government certificate or self-declaration)
- Business Plan: A detailed business plan that includes the details of the business, target markets, marketing strategy, financial projections, etc.
Industries that can be set up under the Bihar Laghu Udyami Yojana 2024
Many small-scale industries can be set up under the Bihar Laghu Udyami Yojana 2024. Some examples are as follows:
- Food Processing Industries: Pickle making, papad making, jam making, spice industry, etc.
- Handicrafts Industries: Madhubani painting, sikki work, bamboo work, cloth weaving, etc.
- Textiles Industries: Small-scale textile manufacturing, tailoring and embroidery units.
- Engineering Industries: Small repair workshops, welding workshops, agricultural equipment manufacturing units.
- Service Industries: Beauty parlours, mobile repair shops, photocopy shops, etc.
Conclusion
Bihar Laghu Udyam Yojana 2024 is an excellent opportunity for youth and women to be self-employed and self-reliant. If you dream of starting your own business, this Sarkari Yojana can help you achieve your dream. Get complete information about the scheme, meet the eligibility criteria, and apply. Take advantage of government assistance, work hard, and make your business successful.
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