Bihar Mukhyamantri SC / ST Udyami Yojana 2018

Published Date - 07 August 2018 03:44:55 Updated Date - 07 August 2018 03:46:41

On 5th August 2018, CM Bihar Mr. Nitish kumar has launched  ‘Anusuchit Jati Anusuchit Janjati Udyami Yojna (Chief Minister Scheduled Caste and Scheduled Tribes Entrepreneur Scheme)’ 

Under this scheme, Bihar govt. will provide Interest Free loans to all the entrepreneurs from scheduled case and scheduled tribes category. The state govt. will provide financial assistance of upto Rs. 10 lakh to start a small scale industry or trade.

Out of the total financial assistance under Mukhyamantri SC / ST Udyami Yojana, half of the amount (5 Lakh) would be given as subsidy under special encouragement yojna and rest as interest free loans. Loan repayment is to be made in 84 installments starting after the functioning of their new business.

Bihar Mukhyamantri SC / ST Udyami Yojana 2018

The minimum qualification required under this scheme is Intermediate (Class 10th) for SC / ST aspirants. Here are the important features and highlights of Bihar Mukhyamantri SC / ST Udyami Yojana 2018 –

 

  • Under this scheme, the state government will provide Upto 10 lakh Financial Assistance to the eligible beneficiaries.
  • Of 10 Lakh Loan, Rs. 5 lakh would be given as Subsidy and Rs. 5 Lakh as Loan amount to the SC / ST entrepreneurs.
  • There will be no interest charge on the Loan amount. It means that Rs. 5 Lakh Loan will be completely Interest-free
  • Apart from this, the state government will also provide the loan repayment facility to the beneficiaries under Mukhyamantri SC / ST Udyami Yojana. According to this facility, the entrepreneurs will have to make loan repayment in 84 equal installments.
  • Besides this, the Repayment installment will start only after the proposed industry or trade starts its operation.
  • The state government has also simplified the process to avail Interest Free Loans. Now, these loans will now be granted on Self Declaration by the beneficiary from any Nationalized banks.

The Bihar Industries Department has launched this scheme within 2 months after conceptualisation. Under this scheme, a total number of 3000 applications were received, out of which the department has selected 500 beneficiaries have been selected. Out of these selected beneficiaries, 135 have already being trained and training for other 150 entrepreneurs will start soon.

Bihar CM SC / ST Udyami Yojana Online Application Form

All the SC / ST candidates who wish to avail the scheme can check the complete eligibility conditions and fill the SC / ST Udyami Yojana Online Application Form through the official Startup Bihar Website:-
http://www.startup.bihar.gov.in/CMSCSTUDYAMI/Default.aspx

Here candidates can make registration first and then fill the online application form to avail subsidy and interest free loans upto Rs. 10 lakh to start their own business.

 


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