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Bihar Mukhyamantri Udyami Yojana 2024-25: FAQs
Q1: What is Bihar Mukhyamantri Udyami Yojana? A1: Bihar Mukhyamantri Udyami Yojana is a scheme launched by the Government of Bihar to support aspiring entrepreneurs by providing financial assistance. Under this scheme, applicants can receive a loan of up to ₹10 lakh, with ₹5 lakh provided as a grant and ₹5 lakh as an interest-free loan.
Q2: Who can apply for this scheme? A2: Both men and women who are residents of Bihar and meet the eligibility criteria can apply for this scheme.
Q3: What is the loan amount provided under the Mukhyamantri Udyami Yojana? A3: The scheme provides a total loan amount of ₹10 lakh, which includes ₹5 lakh as a grant and ₹5 lakh as an interest-free loan. Additionally, there is an update indicating that up to Rs 20 lakh may be available for those successfully running their businesses under this scheme.
Q4: What is the application mode for Bihar Mukhyamantri Udyami Yojana? A4: Applicants can apply both online and offline for the Bihar Mukhyamantri Udyami Yojana.
Q5: What are the key dates for the application process? A5:
- Start Date for Online Apply: 01/07/2024
- Last Date for Online Apply: 31/07/2024
Q6: How many beneficiaries will be selected under this scheme? A6: For the financial year 2024, 8000 applications will be selected based on district-wise targets. These are divided into three categories:
- Category A: 4000 beneficiaries across 58 projects.
- Category B: 3500 beneficiaries for religious, clothing, food processing, and other primary sectors.
- Category C: 500 beneficiaries in the industrial area of Biada.
Q7: What are the important documents required to apply for this scheme? A7: The essential documents include:
- PAN Card
- Aadhar Card
- Cancelled cheque
- Mobile Number
- Current Account
- Education certificate
- Permanent residence certificate
- Date of birth certificate
- Caste certificate (in father's name)
- Signature sample (max 120 KB)
- Voter ID Card/ Residential Address
- Intermediate or equivalent qualification certificate
- Photograph (recent passport size, max 120 KB)
- Matriculation certificate (for verification of date of birth)
- Bank statement (with account opening date evidence)
- Bank Passbook
Q8: How can one register their company for Bihar Udyami Yojana? A8: To take advantage of the Bihar Udyami Yojana, it is essential to register your business. The registration process involves submitting required documents and completing the online application. Detailed steps can be found on the official portal.
Q9: What is the latest update regarding the Mukhyamantri Udyami Yojana? A9: The latest update indicates that the government is planning to provide additional financial assistance of up to Rs 20 lakh for those successfully running their businesses under this scheme. Applicants will need to submit their business documents such as reports, turnover, GST returns, and account statements on the portal.
Q10: What are the categories for application selection and what do they entail? A10: The scheme is divided into three categories for application selection:
- Category A: 4000 beneficiaries across 58 projects.
- Category B: 3500 beneficiaries for religious, clothing, food processing, and other primary sectors.
- Category C: 500 beneficiaries for the menstrual and clothing sector in the industrial area of Biada, selected from the whole state rather than district-wise.
Applicants must apply carefully in only one category as incorrect category selection cannot be corrected.
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