Government is giving loan up to 10 lakhs for business, apply before 16th August, these documents will be required

Chief Minister Entrepreneurship Scheme:If you want to start a business and you do not have money to invest in the business, then there is no need to worry. Actually, the Bihar government has started the Chief Minister Udyam Yojana to make the youth self-reliant. The last date for application for this was 31 August. But it has been extended till 5 pm on 16 August. So if you have not been able to apply to avail the benefits of this scheme till now, then apply before the last date.

What is Chief Minister Entrepreneur Scheme?
Mukhyamantri Udyam Yojana is a scheme started by the Bihar government. Through this, the government gives loans up to 10 lakhs to those doing business. It has 50% subsidy and 50% interest-free loan. This amount has to be returned in 7 years. Through this, money is given for business in 3 installments. 4 lakhs is given in the first installment, 4 lakhs in the second installment and 2 lakhs in the third installment.

What is the purpose of this scheme?
The purpose of this scheme is that people who are unable to start a business due to lack of money, can start their own business and become self-reliant. If you are selected for this scheme, you will be given a loan of up to 10 lakhs by the government. This scheme was started by the Chief Minister of Bihar in 2016.

You can apply by visiting this website
If you want to apply for this scheme, then register before 5 pm on 16 August 2024. Earlier the last date for application for this scheme was 31 July, 24. To apply, you have to visit the department’s website. Only native residents of Bihar can apply to avail the benefits of this scheme.

These documents will be required

• permanent residence certificate
• Matriculation Certificate
• Birth certificate
• Aadhar card
• Residential Proof
• caste certificate
• PAN card
• I Certificate
• Bank statement
• cancelled cheque
• pass-whale
• signature photo
• Disability Certificate

What kind of business can you do by taking a loan
Through this scheme, you can do business of any one of the 51 types of small scale industries. In which you can do business of Poha-Chuda production, readymade garments, honey processing, LED bulb production, soya product business, animal feed, chicken feed, masala, bread, bakery, dhaba, furniture etc.

Know here who can apply
You can apply for this scheme only if you are a resident of Bihar. Along with this, your age should be at least 18 years. In this scheme, priority will be given to Scheduled Castes, Scheduled Tribes, unemployed youth and women of any community. To apply for this scheme, you must have a degree in Intermediate, ITI, Polytechnic.

What is the age limit to apply?
Candidates between 18 and 50 years of age can apply for this scheme. For more information, you can call toll free number 1800 345 6214 from 10 am to 5 pm.