Bihar Mukhyamantri Mahila Udyami Yojana 2021 Application / Registration Form / Interest / Loan Repayment Time / Installment

Ever since our Independence, governments have always realized the importance of a self-reliant lower class, who has avenues to pursue its dreams and earn itself a livelihood it can be proud of. And while offering this might have been a pipedream for many governments in the absence of means and modes to offer those avenues, times have drastically changed these days.

The government of Bihar, lately, has introduced the Bihar Mukhyamantri Udyami yojana – a welfare scheme for the Scheduled caste and scheduled tribes. Budding or aspiring entrepreneurs from the SCs or STs can now, through the benefits offered by this scheme, fulfill their entrepreneurial aspirations and aim higher in life.

Implementation of the scheme

Under the implementation of the scheme, an incentive of ₹10 lakh will be provided by the government for setting up the industry. The main benefit of the scheme is that the loan amount offered will have 50% interest waived off. And the 50% that is waived off and 50% of the grant will be given to entrepreneurs, which they would have to repay in 84 installments.

How to apply for the scheme?

In order to apply for the scheme, the following steps need to be followed:

  • As the homepage loads, the applicant has to click on the “register” link.
  • Once clicked, the application form for registration will be displayed on the screen.
  • The applicant has to fill up details necessitated by the form – details such as name, mobile number, application type, and other information).
  • The applicant will then have to click on the option “Get OTP”.
  • Once the OTP is received through an SMS, the applicant has to feed the OTP into the designated area on the webpage.
  • Post this, the applicant has to upload all the documents relevant to the application.
  • Finally, the applicant would have to click on the Submit button for the final submission of the application.

Documents needed to apply for the scheme

  • Aadhaar card
  • Caste certificate
  • Income certificate
  • Educational qualification certificate

Eligibility Criteria

In order to avail the benefits of the scheme, the following criteria have to be followed:

  1. The applicant must be a permanent resident of Bihar.
  2. The applicant should be of a scheduled caste (SC) or Scheduled Tribe (ST) community.
  3. The applicant should possess an intermediate, ITI, polytechnic or a degree that is likewise.
  4. The age of the applicant should be between 18 years to 40 years.
  5. The applicant should be registered under the Institute proprietorship, partnership, Limited liability partnership, or Private limited company.

Summing it up

With such schemes in place, entrepreneurial dreams can now turn into reality, especially for those from financially backward environments. The scheme provides the right push and offers a platform for more people to enter the industrial space and contribute to the progress of the national economy. In the long run, such schemes will help in the overall development of the country.

Similar Yojanas

Schemes launched by the state government

The state governments of India are the next important government bodies right after the central government of the country. The state governments constitute 28 states and 8 union territories

India is a democratic and republic country wherein highest authorities and powers are proffered to the central government. For the state government, real executive powers are given to Chief Minister as he is responsible for heading the Council of Ministers. The state governments of India work toward internal security, such as police department, social welfare, public health betterment and other similar state-related issues. The state government of the country earns its employee income from sales tax services, stamp duty services, and from some parts of GST.

The state governments have launched a variety of schemes so far. Some of the examples are as follows:

In Andhra Pradesh, Chandranna Bima Yojana, National Energy Efficient Agriculture Pumps Program, and Smart Pulse Survey have been launched. In Assam, Mass Rapid Transit System has been recently launched. In Maharashtra, Police Pratisaad Ask services and various schemes for the betterment of farmers have been launched. In Karnataka, PM Santwana Harish Yojana, and Housing scheme for Transgenders have been launched. In Uttar Pradesh, Deen Dayal Upadhyay Gram Jyoti Yojana, Hausla Paushan scheme, and Swadhar Greh yojana have been launched.

The state government of India monitors both rural and urban development. However, it is not feasible for the state government to monitor all rural and urban local government bodies. Thus, based on the provided funding and coverage, rural and urban local entities create development plan whenever required. These government entities work in close association with planning commission and local or regional government sectors and authorities.

Apart from these schemes, the state government also ensures the effective implementation of centrally sponsored schemes in respective states.