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Bihar govt to begin registration process for Mukhyamantri Udyami Yojana from Dec 1

Updated: Nov 10, 2022 09:16:29am
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Bihar govt to begin registration process for Mukhyamantri Udyami Yojana from Dec 1

Patna, Nov 10 (KNN) The Bihar government on Wednesday notified that the intake of new applications for Mukhyamantri Udyami Yojana will begin online from December 1, 2022 on the portal of the scheme.

As per reports, a total of 5000 applicants for all trades, 2000 for textile-leather industries, 1000 for BIADA industrial areas, and 8000 for textiles and food processing will be able to avail the benefits of the scheme.

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The Udyami Yojana is an initiative of the Bihar government aimed at reducing high unemployment rates by promoting and helping diverse social groups set up their own businesses.

Under this scheme, the state government will provide a loan of Rs. 10, 00,000 (Rupees Ten lakh) to the selected beneficiaries. The beneficiaries will have to repay only Rs 5,00,000 on a zero per cent interest basis; out of the total financial aid. The rest of the amount will be covered by the state government.

The Udyami Yojana online was first released in 2018, and it was exclusively open to people of the SC and ST castes. It was re-launched in 2019, with the addition to the older ones of most backward classes.

The Bihar government for this scheme has initially allotted a budget of 102 crore rupees.  (KNN Bureau)

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