Mukhyamantri Alpsankhyak Udyami Yojana 2023 Registration, Amount, Date

This article is about the newly launched scheme of the Bihar government known as Mukhyamantri Alpsankhyak Udyami Yojana 2023. So those who are eligible for the scheme and want to know details on how to register and the benefits and amount to be given under the scheme should scroll through the entire article.

Mukhyamantri Alpsankhyak Udyami Yojana 2023

We all know that in India, unemployment has become a major issue. This is why, to sort out the problem to a greater extent, the Bihar government has launched the new scheme, Mukhyamantri Alpsankhyak Udyami Yojana 2023.

The scheme’s target is to provide financial aid to the unemployed youth in the state to set up their own business. Ultimately, this will provide work not only to the benefitted person but, if the business grows, creates much more employment.

The welfare scheme was announced by the Chief Minister of the state, Sri Nitesh Kumar, on September 25, 2023, to promote entrepreneurship and self-employment. The scheme is for individuals belonging to minority caste and women from minority communities.

The eligible women can choose between the Mukhyamantri Alpsankhyak Udyami Yojana and the Mukhyamantri Mahila Udyami Yojana. This is not the first time the Bihar government has introduced a scheme for the minority people. Previously, many schemes have been launched for the minority caste and communities.

Mukhyamantri Alpsankhyak Udyami Yojana Registration 2023

Scheme Name Mukhyamantri Alpsankhyak Udyami Yojana
Announced by Chief Minister Sri Nitesh Kumar
Launch Date September 25, 2023
Purpose To create employment and encourage entrepreneurship among minority youth
Beneficiaries Minority Caste and Community in Bihar
State Bihar
Benefit Rs 10 lakh per unit (Rs 5 lakh as Subsidy and Rs 5 Lakh as Loan)
Budget Allocated for the Scheme Rs 100 Crore
Scheme Agency Minority Welfare Department, Bihar
Age Limit 18 to 50 years
Yojana Contact Number 1800 345 6214

Mukhyamantri Alpsankhyak Udyami Yojana Amount 2023

The beneficiaries under the Yojana start up their business will be given maximum assistance of Rs 10 lakhs, which includes a grant covering 50 % of the project cost, which is up to a maximum of five lakhs, and 50 % of the amount as a loan which will repayable by the beneficiaries in installments later. The loan amount will be repayable in 84 equal instalments over 7 years.

Mukhyamantri Alpsankhyak Udyami Yojana 2023

Beneficiaries should be aware that the approved sum under the scheme will be given in three equal installments. After selection under the scheme, the beneficiaries will be getting Rs 25000 per unit for training.

One person from one family is eligible to take advantage of the scheme. The age limit for the beneficiaries under the Yojana is 18 years minimum and 50 years maximum. To initiate the Yojana, a Rs 100 crore budget has been allocated.

Beneficiaries should be aware that the Minority Welfare Department will yearly determine the target beneficiaries and also administer the scheme’s consolidated funds.

Mukhyamantri Alpsankhyak Udyami Yojana Registration 2023

Those coming under the scheme’s eligibility conditions must be aware that they should necessarily complete their registration for the scheme. If you know how you can apply for the scheme to get the scheme benefits, you must read the step-by-step instructions given below to apply for the scheme.

  • Eligible applicants must begin the application process by opening the Bihar Industries Department portal.
  • On the web page, you will locate the registration form containing your general personal information.
  • Upon registering successfully to the portal, you will be given a OneTime Password, which you must use to log in.
  • Use your Adhar Card number and password to access the Bihar Industries Department portal.
  • Once you log in, you must fill out the application form consisting of your personal, educational, and business ideas, financial statements, bank records, and other relevant information mentioned in the application form.
  • After filling in the details correctly, you must attach the necessary documents listed in the form.
  • Now, before submitting your application, take a look at the filled-out form once again to ensure accuracy and Press the Submit option.
  • The officer will then review your application, and you will be notified once it is approved, either by email or to your registered phone number.

Mukhyamantri Alpsankhyak Udyami Yojana Date 2023

The registration dates for the scheme have not been announced yet. So far, the scheme announcement has been made, and soon, the assigned authority for the Yojana will share more details about it. We will notify you as soon as any news relating to it will come out.

To get additional details on the scheme, bookmark our website address.

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Bihar Industries Department portal: Click Here

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