The Government of Bihar and the Department of Industries will provide financial assistance to enable the state’s economically weaker youth and individuals to pursue self-employment. With this objective in mind, the Government of Bihar has launched the “Bihar Laghu Udyami Yojana”. Through this scheme, beneficiaries are provided with financial assistance amounting to ₹2 lakh.
If you, too, wish to avail the benefits of this scheme launched by the Government of Bihar, you will require comprehensive information regarding it—such as what the scheme entails, how to apply for it, the necessary documents, and the eligibility criteria. Complete details regarding this scheme are provided here. Please read this article carefully from beginning to end, and do not forget to share it with your friends.
Basic Information of Bihar Laghu Udyami Yojana
| Scheme Name | Mukhyamantri Bihar Laghu Udyami Yojana |
| Initiated By | Government of Bihar |
| Concerned Department | Department of Industries, Government of Bihar |
| Launched: | In 2018 (following the Udyami Yojana) |
| Scheme Beneficiaries | All eligible beneficiaries across the state of Bihar |
| Eligibility Criteria | Must be a native resident of Bihar |
| Form of Assistance | Financial aid of ₹200,000 |
| Beneficiary Age Limit | Minimum 18 years and Maximum 50 years |
| Official Website | Click Here |
What is the Bihar Laghu Udyami Yojana?
Much like other states, the Government of Bihar has launched the ‘Bihar Laghu Udyami Yojana’ (Bihar Small Entrepreneur Scheme) to enable the state’s unemployed youth and women to establish their own self-employment ventures. Through this scheme, the state government will provide financial assistance of ₹2 lakh to eligible unemployed youth belonging to Scheduled Castes, Scheduled Tribes, and Extremely Backward Classes, as well as all other eligible unemployed individuals, to help them generate employment.
To avail the benefits of this scheme, beneficiaries are required to apply online. Subsequently, beneficiaries will be selected through a computerized lottery system. With the aid of this financial assistance, unemployed youth can start their own businesses, thereby not only supporting their families but also contributing effectively to the advancement of the state’s economy. To be eligible for the benefits of this scheme, the unemployed applicant must be a native resident of Bihar.
Read more – Mukhyamantri Prakhand Privahan Yojana: Benefits, Eligibility Criteria and Application Process
Features and Benefits of the Bihar Laghu Udyami Yojana
Following the launch of this scheme by the Department of Industries, eligible beneficiaries across the state of Bihar gain access to a wide range of benefits and features, as outlined below:
- A key feature of this scheme is that priority is accorded first and foremost to beneficiaries belonging to specific categories, such as Scheduled Castes (SC), Scheduled Tribes (ST), Backward Classes, and Extremely Backward Classes.
- By availing the benefits of this scheme, individuals belonging to Economically Weaker Sections (EWS) are empowered to establish their own independent businesses.
- Under the Laghu Udyami Yojana, a total financial assistance of ₹200,000 is disbursed to beneficiaries in distinct installments, structured as follows:
- First Installment: ₹50,000 (25%)
- Second Installment: ₹100,000 (50%)
- Third Installment: ₹50,000 (25%)
- By leveraging the benefits of this initiative by the Government of Bihar, numerous households across the state have successfully launched their own businesses, thereby enabling them to sustain their daily lives and manage their domestic affairs effectively.
Eligibility Criteria for the Bihar Laghu Udyami Yojana
To avail of the benefits of the Bihar Laghu Udyami Yojana, you must fulfill certain eligibility criteria, which are outlined below:
- The applicant must be a native resident of the state of Bihar.
- The applicant’s age must be over 18 years and under 50 years.
- The annual family income of the applicant must not exceed ₹60,000.
- No member of the applicant’s family should be employed in a government profession.
- Under this scheme, priority will be accorded first to beneficiaries belonging to Scheduled Castes, Scheduled Tribes, Extremely Backward Classes, women, youth, and minority communities.
- There should be no income tax payer within the applicant’s family.
- If you fulfill all these eligibility criteria, you are eligible to apply for this scheme.
Essential Documents for the Bihar Laghu Udyami Yojana
If you wish to apply to avail the benefits of the Bihar Government’s Laghu Udyami Yojana (Small Entrepreneur Scheme), you must possess all the documents listed below to ensure a smooth and hassle-free application process.
- Aadhaar Card
- Income Certificate
- Caste Certificate
- Residential Certificate
- Bank Account Details
- Signature and Passport-sized Photograph
- Mobile Number (Linked to Aadhaar)
What is the selection process for the Bihar Laghu Udyami Yojana?
Once beneficiaries apply to avail the benefits of this scheme launched by the Government of Bihar, and the application process concludes, the applications undergo scrutiny through a computerized lottery system. Beneficiaries selected via this computerized lottery are provided with a financial assistance amount of ₹200,000 under this scheme of the Bihar Government.
Read more – Pradhan Mantri Fasal Bima Yojana: Eligibility and How to Apply Online & Offline
FAQs
Who is eligible to benefit from the Bihar Udyami Yojana?
The benefits of this scheme will be extended to eligible beneficiaries residing in Bihar. To qualify, a beneficiary must be a permanent resident of Bihar.
What is the Bihar Udyami Yojana Project List?
Through the Bihar Udyami Yojana, the Government of Bihar and the Department of Industries provide financial assistance of ₹2 lakh to all unemployed youth in the state to help them establish their own enterprises. Applications for this scheme are submitted online, following which beneficiaries are selected based on a selection list.
What are the eligibility criteria to avail the benefits of the Bihar Laghu Udyami Yojana?
To avail the benefits of this scheme launched by the Government of Bihar, the beneficiary must be a native resident of Bihar. Additionally, the beneficiary’s annual income must not exceed ₹70,000.