Check Detail's bihar government loan scheme for business

 Hello friends, today we are going to know about Bihar Chief Minister Entrepreneur Scheme 2022. Entrepreneurs are going to provide information related to the scheme.

You will be able to know through this lesson what documents are going to be required for applying online, eligibility check, application, and its purpose and benefits.

Read the post completely to get information related to Bihar Chief Minister Entrepreneur Scheme 2022-23.

bihar government loan scheme for business

Bihar Mukhyamantri Udyami Yojana government has started scheduled caste and scheduled tribe classes.

Under this startup, bihar provides a proposed amount of Rs 10,00,000 for new industry startups.

Bihar Chief Minister Entrepreneurs will be able to take advantage of this scheme under the scheme 2021. You can start your own startup under Udyami Yojana.

Under this scheme, unemployed youth will get employment, and in this way, unemployment rates will decrease. In this way, the backward-class citizens will also get financial assistance. Under the Bihar Chief Minister Entrepreneur Scheme, he will be able to start his own industry.

For your information, let us tell you that Bihar Mukhyamantri Udyami Yojana has been launched on June 1, 2021.

This information was received through Bihar State Industries Minister Shahnawaz Hussain. The selection process of all the beneficiaries will be done in a transparent manner. This amount will be made available to the beneficiary as soon as possible.

District-wise targets will be given to the beneficiaries taking the benefits according to the population. For this, this information has been given to the General Manager of the Industry Center.

Bihar Udyami Yojana Interest-Free

The people of Bihar state will not only become self-reliant but will also provide employment to the people of their state. Many new efforts are being made by the Bihar government to provide self-employment.

For this reason, preparations are going on to implement many new schemes here, Bihar State Chief Minister Udhmi Yojana is also among those schemes.

Through this scheme of the Nitish government, the youth living in the state of Bihar will be encouraged to join this scheme. Along with this, 50% of the cost and a maximum grant of Rs 5 lakh will also be given through the government in this scheme.

The applicant had to pay only a 1% interest rate on the remaining 5 lakhs, but this year for Bihar Udyami Yojana 2022-23 this loan will be interest-free.

The amount of this loan will have to be returned to the beneficiary in 84 installments. The government has also fixed the budget for this scheme.

How to apply for a bihar loan scheme for business

The official website to apply online for Bihar Udyami Yojana is closed. Online application has started. You will be able to get benefits by applying online.

As soon as the official website of Mukhyamantri Bihar Udyami Yojana becomes operational, we will give a new update. Due to this, you will not have to face any kind of problem in applying online.

Bihar Women's Entrepreneurship

bihar government loan scheme for business
bihar government loan scheme for business

Bihar Entrepreneur Scheme:

Under Bihar Udyami Yojana - startup bihar, the state government will take a loan of 300 cr under the year 2021-22, in which ₹ 3072 lac cr will be taken from the market. For this reason, the limit for taking loans has been increased to 4 percent.

  • The state government will take a loan of 300000000000 from the market.
  • Like SC and ST, now other backward people will get good facilities in the industry.
  • Under the Udyami scheme, women will have to return Rs 500,000 without interest.
  • Only 1% interest will be charged on the remaining 500000 loans.

Benefits of the bihar government loan scheme for business

Under the Bihar Chief Minister Entrepreneur Scheme, an incentive amount of ₹ 1000000 is given by the government, which you can take for industry startup.

  • Only Scheduled Tribes and backward-class people will be able to take advantage of this scheme.

  • Unemployment rates will decrease under the Udyami Yojana.

  • Unemployed youth will get employment.

  • Under the entrepreneur scheme, there will be a good improvement in the caste community of the backward class.

  • Under this scheme, the government has set a budget of 1020000000 ₹.

  • In the amount of 1000000 given under the entrepreneur scheme, you will get 1% interest on the amount of Rs.500000.

  • Under the Udyami Yojana, the loan amount will have to be deposited in 84 installments.

  • The government provides 25000 ₹ to monitor under this scheme.

  • Those who have a nationalized bank can apply for this scheme.

Bihar Udyami Yojana 2022 Process

Under this scheme, a committee of 11 people has been formed under the chairmanship of the Additional Chief Secretary of the Industries Department for the selection process.

Online applications will be accepted for Bihar Mukhyamantri Udyami Yojana. The applicant will have to provide all the information related to his project report and amount. After this, the committee will evaluate the project and the amount.

Some important points of Bihar Udyami Yojana 

  • Financial assistance for training [udyami yojana]

Beneficiaries will be given a grant of Rs 25000 per unit for providing training under this scheme of government.

  • Udyami yojana [grant amount]

A grant of 50% or a maximum of 5 lakhs will be given on the amount provided by the Government of Bihar.

  • This opportunity will be provided to new entrepreneurs

The benefit of Bihar Mukhyamantri Udyami Yojana will be done only for setting up new industries. Apart from this, the benefit of the Bihar Industrial Investment Promotion Policy 2021 will also be given to all the beneficiaries.

Eligibility to apply in Bihar Udyami Startup Yojana 2022

Under this scheme, only SC, ST, OBC, and women and youth entrepreneurs can apply for this scheme, the conditions for applying are as follows

  • Applicant must be a permanent resident of Bihar state
  • It is mandatory for the applicant to have a current account
  • Applicant's age should be between 18 to 50 years
  • Applicant must have an Intermediate, ITI Polytechnic Diploma or equivalent pass

Documents required for Bihar Mukhyamantri Udyami Yojana

  • Address proof
  • caste certificate
  • Aadhar card
  • pan card
  • bank passbook
  • passport size photo
  • Intermediate or equivalent qualification certificate


Here in this post, we add all information about the bihar government loan scheme for businesses so if you want a loan for your business then read my article till the end.

FAQ. Bihar Mukhyamantri Udyami Yojana or bihar government loan scheme for business

Question: When was the Youth and Women Entrepreneur Scheme started?

Answer: On June 1, 2021, the Bihar Youth and Women Entrepreneur Scheme was started.

Question: How much interest rate do we have to pay under Bihar Chief Minister Entrepreneur Scheme

Answer: Answer: Women do not have to pay interest under Bihar Mukhyamantri Udyami Yojana and 1% interest will have to be paid for men.

Question: What is the date of the Mukhyamantri Udyami Yojana?

Answer: The Chief Minister Entrepreneur Scheme has been launched on 1 June 2021. And it does not have any last date.

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