The Bihar government has approved the Chief Minister’s Youth Scheme 2021. In this scheme, the State Government will provide cash incentives in 2 installments in the current financial year based on business needs. Government of Bihar on 19 April 2021, Rs. 200 crores under the Chief Minister Yuva Udyog Yojana. In this article, we will provide you complete information of the Chief Minister’s Youth Scheme Scheme.
Implement Bihar Chief Minister Yuva Utthan Yojana 2021
New Mukhyamantri Yuva Udyami Yojana aims to encourage entrepreneurship among the youth Cash subsidy and interest free loan up to Rs. 5 lakhs (Total Rs. 10 Lakh) To start a business. The plan was a part of Nitish Kumar’s major pre-election promises, popularized as Saat Nishchay Part 2 (Saat Hull).
Mukhyamantri Yuva Udyami Yojana Application / Registration Form
The process of online application for Mukhyamantri Yuva Udyog Yojana 2021 has not been started yet. As soon as the portal becomes operational, interest women applicants will be able to fill the Mukhyamantri Yuva Udyog Yojana / Registration Form through online mode. As soon as the application online process starts, we will update it here.
Cabinet approval for Chief Minister Yuva Udyami Yojana
The state cabinet committee has given its approval for this Mukhyamantri Yuva Udayam Yojana And Rs. 200 crores has been allocated for this. Three other schemes have been approved whose names are as follows: –
- Mukhyamantri SC / ST Udayam Scheme – To encourage entrepreneurship among interested candidates of SC / ST.
- Chief Minister EBC Udami Scheme – Encourage entrepreneurship among interested candidates from economically backward classes.
- Chief Minister Women’s Industry Scheme – To encourage entrepreneurship among aspiring young entrepreneurs. Women entrepreneurs of all castes will be eligible under this scheme. state government. An amount of Rs. 200 crores for the successful implementation of the scheme.
Interest on loan under Chief Minister Yuva Udyami Yojana
For both Mukhyamantri Yuva Udyog Yojana and Mahila Udyog Yojana, the State Govt. A total amount of Rs. 400 crores Rs. 1% interest will be charged on the loan provided to the beneficiaries of all 4 schemes (SC / ST Udyami, EBC Udyami, Yudy Udyami, Yudy Udyami, Mahila Udyami) except women and SC / ST category.
Loan repayment time / installment under Mukhyamantri Yuva Udyog Yojana
All the beneficiaries of Bihar CM Yuva Udyog Yojana 2021 are deemed to refund the loan in 84 equal monthly installments after one year of cash transfer. The three schemes were among nine proposals of various departments, which were approved by the cabinet.
It is proposed that the cash incentive in 2 installments in the current financial year will be abolished on the basis of business needs and the old practice of releasing at least three installments will be discontinued. Candidates will get 3 months to apply for the scheme, possibly after 15 May 2021.
Government of Bihar to promote SC / ST / EBC / Youth / Women Entrepreneurship
An analyst said that the Bihar government led by Nitish Kumar was liberal with the new schemes but did not have the desired effect since doing business in the state was not easy due to deteriorating law and order, high cost of land and bureaucratic red tape Was. . An automobile dealer says that out of the 21,112 applicants, only 240 were women, who applied for incentives under the CM Rural Transport Scheme launched in 2020 last year. They feared that women might not participate again in large numbers in the new scheme. Schemes for other classes may be in employment situation like Bihar.
Bihar Government Schemes 2021 Bihar Government Schemes HindiPopular Schemes in Bihar:Bihar Ration Card ListBihar Ration Card Application Form Download PDF. Student Credit Card Scheme
The opposition alleged that the state government had failed miserably in fulfilling its employment generation promises. “What happened to the CM’s call to give jobs to all the migrants during his return last year? He had to leave the state … Bihar was very developed, the government was honest in implementing the 5% decisions of the cabinet.
Janata Dal (United) leader and former minister Neeraj Kumar, however, dismissed the allegations and said that Nitish Kumar was committed to “honest implementation” of the project. He mentioned that “There are seven surefire schemes which the Chief Minister is committed to implementing. He is personally monitoring their implementation. “
In other important decisions taken on Tuesday, the cabinet raised the state contingency fund to .10 8,732.10 crore from the current limit of .10 350 crore. The proposal was also approved by the Transport Department to encourage retailers of vehicles to sell registration numbers of choice.
Source / reference link: https://state.bihar.gov.in/cache/10/Smart%20City/Old%20Cecast%20Decisions/c19042021.pdf