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Bihar Small Scale Industry Scheme 2024: The main objective of the Bihar government is to start employment for poor and middle class families for which they are provided assistance up to ₹ 200000. This grant will be given to the applicants of Bihar Small Entrepreneurship Scheme. Under this scheme, those families will get benefits whose monthly income is less than ₹ 6000 and who have difficulty in starting their own business.

Under this scheme, you can start a business by getting a loan. To apply under this scheme, the candidate has to apply through online mode, the complete process of which is given at the end of this article. Although no official notification has been issued by the Bihar government yet, there is a chance to apply again for this scheme on social media.

So if you are still not getting the benefit of this program then you should read this article till the end. Here we have provided complete information about Bihar Small Entrepreneurship Scheme, its benefits, required documents, eligibility, how to apply for this scheme. So, you should read this article till the end.

What is Bihar Small Entrepreneur Scheme 2024?

Bihar Small Entrepreneurship Scheme is run by the Government of Bihar for poor families below the poverty line with a monthly income of less than ₹ 6000. Under this scheme, financial assistance will be provided to those families who need help in starting their own business. While applying for this scheme, they are given a loan of up to ₹ 200000 with the help of which they can start their business.

To apply for this scheme, the applicant has to pay the loan amount in three installments and repay it after some time. If you also want to take advantage of this scheme, then apply online for Bihar Laghu Uttar Yojana. For this, we have explained the application process in detail in this article.

Objective of Bihar Small Entrepreneur Scheme

The main objective of the Bihar Small Business Scheme of the Bihar Government is to provide assistance to 90 lakh unemployed families below the poverty line, whose monthly income is less than ₹ 6000. The Bihar government is providing a subsidy of up to Rs 2 lakh to each person under this scheme so that they can start a business.

There is no need to worry about the interest on this grant as it will be interest free. With the implementation of this scheme, industries will improve and poor families will get employment. According to the information received on social media, applications for this scheme will start in April 2024.

Benefits of Bihar Small Entrepreneur Scheme

• Under Bihar Mukhyamantri Udyam Yojana, Bihar government will provide incentive amount of Rs 10 lakh to the industries.
• Only people of Scheduled Caste and Scheduled Tribe category will get the benefit of this scheme.
• Through this scheme, the Bihar government will work to develop industries and reduce the unemployment rate.
• Besides, the economic condition of the Scheduled Caste and Scheduled Tribe people will also improve.
• The government has allocated Rs 102 crore for this scheme.
• Out of the incentive amount, Rs 5 lakh will be given as subsidy to the industrial enterprises and the remaining Rs 5 lakh will be given as interest free loan to the industrial enterprises.
• This scheme will greatly benefit industries and reduce unemployment rate.
• The standard of living of Scheduled Castes and Tribes will also improve.
• Under this scheme, the borrower has to repay the loan in 84 installments and does not have to pay any interest.
• Rs 25000 will be provided by the government for training and project monitoring.

Bihar Small Entrepreneur Scheme Eligibility

• To take advantage of this scheme, it is necessary to be a resident of Bihar state.
• You must have a current account.
• Your age should be between 18 to 50 years.
• Only sole proprietorships, partnership firms, LLP or private limited companies will be eligible to take benefit from this scheme.
• You must have passed minimum 10+2 or Intermediate, ITI, Polytechnic, Diploma or any related degree.
• You must belong to Scheduled Caste, Tribe, Most Backward Class, Women or Youth.
• You should have all the necessary documents.

Bihar Small Entrepreneur Scheme Document

• citizenship certificate
• matriculation certificate
• Intermediate Qualification Certificate
• Signature
• PAN card
• Aadhar card
• Passport size photograph
• caste certificate
• Bank passbook.

Small scale industries are included in Bihar Small Entrepreneur Scheme

Small businesses from various sectors will get a benefit of Rs 2 lakh under the Bihar Small Business Scheme 2024-2025. Eligible businesses include:

Food Processing: This includes the production of flour, gram flour and gram flour.

Spices and Snacks: These include spices, snacks, jams/jellies, sauces, noodles, puddings, bodies, pickles, juices and sweets.

Wood Furniture Industry: These include carpentry, bamboo products, furniture, boat building and wood manufacturing.

Construction Industry: These include manufacturing of doors and windows, plaster of Paris products and cement mesh.

Daily Consumer Products: These include making soap powder, soap, bindi and henna and candles.

Rural Engineering: These include agricultural machinery manufacturing, gate grill manufacturing, welding units, bee box manufacturing, jewellery workshop, iron box and cabinet manufacturing and hammer and tool tools manufacturing.

Electrical & Electronics or IT Based: This includes fan assembly, stabilizer, inverter, UPS, CVT assembly and IT business centre systems.

Repair and Maintenance: This includes mobile and charger repairing, auto garage, A/C repairing, two wheeler repairing, tyre retreading, diesel engine and pump repairing and motor binding services.

service department: This includes food services at salons, beauty parlours, dhabas/restaurants/hotels/vehicles.

Other Manufacturing: This includes the making of gold or silver jewellery, banana fibre manufacturing, flower garlands or decorative garlands.

Apparel and underwear products: This includes manufacturing of ready-made clothes, embroidery, bedsheets, pillows, mosquito nets and fishing nets.

leather products: These include leather jackets, leather shoes, leather bags, belts, wallets, gloves and related products such as leather and rexine jackets.

craft: These include brass/bronze carving, wood work, stone carving, jute handicrafts, log bangle making, toys and toy making, basket, mat and broom making, pottery making, etc.

Candidates under these sectors will get a benefit of Rs. 2 lakh, which will be deposited directly into their bank account in three easy installments through Direct Benefit Transfer (DBT). The initiative aims to support and promote small businesses across Bihar.

Bihar Small Entrepreneur Scheme Application Process

• To apply for Bihar Small Business Scheme, first of all you have to apply for Bihar Small Business Scheme. official website will continue.
• Then you have to click on the registration option.
• After this an application form will open in front of you which you will have to fill carefully.
• Then you have to submit this application form.
• After that you will get the login ID and password using which you have to login to the portal.
• After logging in, the Bihar Small Entrepreneur Scheme online application form will open in front of you in which you will have to fill in complete information.
• – Then scan and upload all the required documents.
• Finally you have to click on submit option and your application will be completed successfully.

Bihar Small Entrepreneur Scheme Selection Process

After receiving the applications for Bihar Laghu Udyam Yojana 2024, the beneficiaries will be selected through a computerized random selection process. The exam will be conducted as per the targets of the particular year. Additionally, 20% of the applicants will be waitlisted for consideration if any slots become available later.

Bihar Government provides loan up to Rs.10 lakh with 50% subsidy to start new business!

Frequently Asked Questions

conclusion

Today’s article provides detailed information about Bihar Laghu Udyam Yojana 2024. It includes information about how to apply, eligibility criteria, required documents, objectives of the scheme and its benefits. If you find this information useful, please share it with your friends and family so that they can also apply and benefit from this program.