Mukhyamantri Udyami Yojana In Bihar, the maximum applications under the Chief Minister’s Udyami Yojana have come for cyber cafes and IT business centers. 79266 applications have been made for cyber cafes and IT business centers. After this, the readymade garment business is at second place. 18450 people have applied under the Chief Minister’s Women Entrepreneur Scheme and 4471 people have applied under the Chief Minister’s Minority Entrepreneur Scheme.
State Bureau, Patna. Bihar News: The portal for applying for the financial year 2024-25 under the Chief Minister’s Entrepreneur Scheme closed on Friday. 541667 applications have been received under this scheme. Most applications have come for cyber cafes and IT business centers. According to the information received from the Industry Department, 79266 applications have been made for cyber cafes and IT business centers.
The number of applicants from the backward class is the highest among cyber cafe owners after young entrepreneurs
Among the applications received by the Industry Department for opening cyber cafes and IT business centers, after the Chief Minister’s Youth Entrepreneur Scheme, the highest number of applicants, 24,134, are from the backward class. Under the Chief Minister’s Youth Entrepreneur Scheme, 26084 applications have been received for cyber cafes.
In the scheme for SC-ST group, the number of applicants for cyber cafe is 14723. Women have also shown interest in starting a cyber cafe business. According to the data of the Industry Department, 10309 women have applied for cyber cafe. One segment of the Chief Minister’s Entrepreneur Scheme is the Chief Minister’s Minority Entrepreneur Scheme. 4016 applications have been received for this.
Readymade garment business is at second place
Under the Mukhyamantri Udyami Yojana, there is a provision of loan up to five lakh rupees and maximum subsidy of five lakh rupees. After cyber cafe and IT business center, the second most interested enterprise is the readymade garment sector.
According to the Industry Department, 56697 people have applied for this sector. Among them, 9970 have applied for SC-ST scheme, 14159 people from extremely backward class, 9647 under Chief Minister Youth Entrepreneur Scheme, 18450 under Chief Minister Women Entrepreneur Scheme and 4471 people have applied for Chief Minister Minority Entrepreneur Scheme.
Sattu, Masala, File Folder and Dhaba Restaurants in top five sectors
The top five sectors that have received applications under the Mukhyamantri Udyami Yojana include cyber cafes, sattu, flour and spice production, restaurants, dhabas and enterprises for preparing files, folders and notebooks. 33047 applications have been received for setting up units of flour, gram flour and sattu. The number of applications for opening dhabas and restaurants is 30711.
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The Mukhyamantri Udyami Yojana is a scheme initiated by the government of Bihar, India, aimed at promoting entrepreneurship among the state’s youth. The scheme provides financial assistance, training, and support to young entrepreneurs, especially from economically weaker sections, to help them start their own businesses.
Key Features of the Mukhyamantri Udyami Yojana:
- Financial Assistance:
- The scheme offers a financial grant or subsidy to eligible beneficiaries to help them set up their businesses.
- A certain percentage of the project cost is provided as a subsidy, while the remaining amount can be availed as a loan from financial institutions.
- Training and Skill Development:
- Beneficiaries receive training in entrepreneurship, business management, and other relevant skills to help them run their businesses effectively.
- Training programs may cover topics like financial management, marketing, legal compliance, and customer service.
- Eligibility:
- The scheme primarily targets young entrepreneurs from marginalized communities, including Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC).
- Applicants must be residents of Bihar and meet the age criteria specified by the scheme.
- Loan and Subsidy Details:
- The financial assistance typically includes a combination of a government subsidy and a bank loan.
- The subsidy component may vary depending on the business plan and the category of the applicant.
- Focus on Innovation:
- The scheme encourages innovative business ideas, especially those that can create employment opportunities and contribute to the state’s economic development.
- Application Process:
- Interested applicants must submit a detailed business plan along with the application form.
- The application process may involve verification of eligibility, assessment of the business plan, and approval by the relevant authorities.
Objectives of the Mukhyamantri Udyami Yojana:
- Promote Entrepreneurship: Encourage self-employment and entrepreneurship among the youth, especially from disadvantaged communities.
- Economic Development: Contribute to the state’s economic growth by fostering new businesses and generating employment.
- Social Inclusion: Empower marginalized sections of society by providing them with opportunities to improve their livelihoods through entrepreneurship.
How to Apply:
- Interested individuals can apply through the official portal of the scheme or visit the nearest government office that handles entrepreneurship and skill development programs in Bihar.
- Applicants will need to provide necessary documents like identity proof, residence proof, business plan, and other relevant details as required by the scheme.
This scheme is part of Bihar’s broader efforts to encourage entrepreneurship and reduce unemployment in the state by empowering its youth with the necessary resources and support to succeed in business.