The Government of Bihar launched a new scheme named Udyami Yojana Bihar for the welfare of educated youth in the state. As a result, those educated yet unemployed young people who come from the SC/ST community will benefit from Udyamai Yojana. As a result of this scheme, Bihar’s youths will be provided with better job opportunities. The Scheme focuses on promoting the micro, small, and medium-scale (MSME) industries in the state. Similarly improving the employment ratio and providing better livelihood to the SC/ST youth through assistance in the form of incentives to set up new enterprises. 

What are the Benefits of Bihar Udyami Yojana?
  • This Udyami Yojana Bihar would include up to 5 lakhs of interest-free loans.
  • A concession of up to 50 per cent of the project cost would be granted.
  • Rs.25,000 for training and project monitoring will be provided by the government.
  • The scheme makes collateral security-free loans available.
  • It will give an incentive of up to Rs. 5 lakhs for 50 per cent of the project cost.
What are the Eligibility Criteria for Bihar Udyami Yojana?
  • The applicant should be a citizen of Bihar.
  • The applicant must belong to the SC/ST community.
  • Educational Qualification: The applicant must hold the intermediate, ITI, Polytechnic, or any other equivalent degree.
  • The age of the applicant must be 18 or above.
  • Entities such as proprietary businesses, partnership firms, or private limited companies should register as the company.
What are the Documents Required for the Bihar Udyami Yojana?
  • Photo of the applicant.
  • Application form.
  • Residence certificate of the applicant. 
  • Bank passbook details.
  • Project Report/Business Plan
  • Aadhar card.
  • Academic qualification certificate.
  • Birth certificate.
  • Income Certificate
  • Caste Certificate of the applicant
  • Ration card.

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How to apply: 

 The following website should be visited to apply for the Bihar Udyami Yojana