Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2020: Online Registration, Interview Date, Objectives, Eligibility & Benefits

The year 2020 has been a massive frameshift in terms of governmental policies and the way certain schemes have been implemented in the country. With the onset of the Covid pandemic and millions of people losing their jobs, while mandatory lockdowns being imposed, offering help to the poor got all the more difficult.

While those from the middle and upper classes of the society managed their way through the pandemic riding on the shoulders of savings and investments, the poor and financially marginalized found themselves in a fix all the more.

Paying heed to the plight of millions, the government of Bihar has announced the Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2020. According to the implementation of this scheme, applicants will get to avail of a loan ranging from ₹1 lakh to ₹5 lakh, depending on the need of the person, and the applicant will be able to return the loan in 20 easy installments.

How can one apply for the Mukhyamantri Alpasankhyak Rojgar Rin yojana 2020?

In order to apply for the scheme, the procedure goes like this:

  1. Visit the nearest governmental bank near you in Bihar.
  2. Request for the application form of CM Minority Employment loan scheme.
  3. The application form would have details that the applicant would have to read carefully.
  4. Fill in the essentials required by the form like name, father or husband’s name, date of birth, gender, religion, caste, and other information. The applicant is expected to also attach physical proof of documents supporting the information stated on the form.
  5. After this, the applicant would have to submit the application form back to the bank.

Interview dates:

The interviews will be held on the following dates at the following venues:

Interview in Gaya11-14 December 2020
Interview in Samastipur10-23 December 2020

Eligibility criteria

  1. The applicant’s age should be between 18-50 years.
  2. The scheme benefits can be availed from the district of permanent residence only.
  3. The loan amount issued to the applicant can only be used for employment and for income generation only.
  4. The applicant must not be in government or even semi-government service.
  5. The applicant must be from a minority community. Except for Muslims, applicants of all other beliefs like Christians, Sikhs, Parsis, Buddhists, and Jain need to produce religious belief certificates from respective religious institutions.
  6. The annual family income of the applicant needs to be less than ₹4 lakhs
  7. The income and residence certificate of the applicant should be issued by a competent authority like SDO, BDO, CO, etc.

Benefits of the scheme

  1. The loans will be offered to minority communities.
  2. The maximum loan amount offered will be ₹5 lakh.
  3. The money would be transferred to the account of the applicant via RTGS in a secure manner.
  4. The interest of the loan after 3 months moratorium is 5% simple interest on the loan amount.
  5. The loan amount of 20 equal quarterly installments would have to be paid.
  6. If the entire loan amount is returned as per the scheduled time, a waiver of 0.5% on the outstanding interest will be given to the applicant.

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.