The Bihar government will give a maximum amount of Rs 10 lakh for setting up a new industry under the Chief Minister Yuva Udyami Yojana 2021.
Bihar government is giving a golden opportunity to the youth to stand on their feet. In this, the government will give financial assistance of up to Rs 10 lakh to start any kind of business. The important condition for this is that the financial help will be given to the one who will pass 12th or he must have done a diploma equivalent to it.
Under the Chief Minister Yuva Udyami Yojana 2021, a maximum amount of Rs 10 lakh will be given for setting up a new industry. In this, a maximum of Rs 5 lakh will be provided as a grant and the remaining Rs 5 lakh will be made available as a loan (loan) at 1 percent interest. The government says that this is being done to make the youth capable and self-reliant. The amount given for the schemes will be made available in two terms only.
Eligibility to take advantage of Chief Minister Yuva Udyami Yojana (Bihar Mukhyamantri Udyami Yojana 2021)
- resident of bihar
- At least 12th pass, ITI, Polytechnic Diploma or any Diploma equivalent there to 18 years to 50 years of age
- Entity registered as Proprietorship Form, Partnership Firm, LLP or Private Limited Company
- Help for new unit only
- The benefit of the scheme will be given to only one member of the family.
Benefits of Chief Minister Yuva Udyami Yojana
- Financial assistance up to Rs 10 lakh
- 50 per cent i.e. maximum 5 lakh as grant
- 50 percent i.e. maximum 5 lakh as a loan at 1 percent interest
- 25 thousand per unit for training and project management support
- Benefits of Bihar Industrial Investment Promotion Policy, 2016 also
Under the Mukhyamantri Yuva Udyami Yojana, you can apply by visiting the official website udyami.bihar.gov.in. The PDF of the form can also be seen at the top of the site. Apart from this, for specific information, toll free number 1800 345 6214 can be called on working days from 10 am to 5 pm. The SC/ST/OBC/Women Entrepreneur Scheme has also been started by the Government of Bihar. Information about its benefits, conditions can also be found on this website.
