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Bihar Laghu Udyami Yojana 2024: 94 lakh poor families will get two lakh rupees each.

The Bihar government has launched the Bihar Laghu Udyami Yojana 2024 to provide financial assistance for self-employment to economically disadvantaged families in the state. Under this scheme, the government aims to empower 94 lakh poor families by providing Rs 2 lakh to each family to help them start their own businesses.

Bihar Laghu Udyami Yojana 2024

Objectives of the Scheme

The main objectives of the Bihar Laghu Udyami Yojana are:

  • To provide financial assistance of Rs 2 lakhs to economically backward families for starting self-employment ventures.
  • To empower poor citizens to become self-reliant by starting their own businesses.
  • To boost entrepreneurship and generate employment opportunities in the state.
  • To alleviate poverty and improve the economic status of weaker sections.
  • To drive economic growth by promoting small-scale industries and enterprises.

The scheme aims to modernize and financially empower the citizens of Bihar by promoting self-employment and enterprise among the poorer sections of society.

Key Features

Some of the key features of the scheme are:

  • Rs 2 lakhs financial assistance per family.
  • Amount to be disbursed in 3 installments of 25%, 50% and 25%.
  • Rs 1250 crore budget allocation by the state government.
  • 5 year implementation period.
  • 94 lakh families to be benefitted.
  • 62 industries identified for assistance.
  • Online application process.

The financial assistance will be directly transferred to the beneficiaries' bank accounts through DBT. The scheme aims to benefit over 94 lakh economically disadvantaged families across all sections of society in Bihar.

Eligibility Criteria

The eligibility criteria to avail benefits under the scheme are:

  • Permanent residents of Bihar.
  • Family income less than Rs 6000 per month.
  • Families below poverty line.
  • Aadhaar linked bank account.

Citizens belonging to all sections of society are eligible provided they meet the income criteria. The assistance is targeted at the most economically backward families.

Application Process

Eligible candidates can apply through the following process:

  1. Visit the official website of the Industries Department, Bihar.
  2. Click on the registration link and enter Aadhaar and password.
  3. Fill the registration form with required personal and financial details.
  4. Upload scanned copies of documents like Aadhaar, address proof, income certificate, caste certificate etc.
  5. Submit the form online.

Applications will only be accepted through the online portal. Offline applications will not be permitted.

Expected Benefits

The Bihar Laghu Udyami Yojana is expected to provide the following benefits:

  • Promote entrepreneurship and self-employment among poorer families.
  • Generate large-scale employment opportunities within the state.
  • Encourage the growth of small-scale businesses and industries.
  • Enable sustainable livelihood sources for economically weaker sections.
  • Boost production, manufacturing, services and trade sectors.
  • Develop skilled manpower and human resources.
  • Promote the economic development of marginalized sections.

By supporting small enterprises and businesses, the scheme can drive grassroots economic growth and prosperity in Bihar.

Key Details Information
Scheme Name Bihar Laghu Udyami Yojana
Launched By Bihar Government
Department Industries Department, Bihar
Beneficiaries 94 lakh economically weaker families
Assistance Amount Rs 2 lakhs per family
Disbursement 3 installments of 25%, 50%, 25%
Key Industries 62 identified industries for assistance
Application Mode Online portal


Conclusion

The Bihar Laghu Udyami Yojana is a progressive scheme that can provide the necessary financial support to economically disadvantaged sections to help them break the cycle of poverty. By promoting small enterprises and self-employment, the scheme has the potential to drive inclusive growth and development in the state. The online application process and direct DBT transfer of funds makes it transparent and reduces red tape. Effective implementation of the scheme can boost industrialization and significantly improve socio-economic conditions in Bihar.

FAQs

Q1: What is the Bihar Laghu Udyami Yojana?

A1: It is a scheme by the Bihar government to provide Rs 2 lakh financial assistance to 94 lakh economically backward families for starting self-employment ventures.


Q2: What is the total budget allocation?

A2: The Bihar government has allocated Rs 1250 crore for the implementation of the scheme.


Q3: How will the funds be disbursed?

A3: The financial assistance will be directly transferred to beneficiaries' bank accounts in 3 installments of 25%, 50% and 25%.


Q4: How can one apply?

A4: Interested candidates have to visit the Industries Department's website and apply online by filling the registration form.


Q5: What documents are required?

A5: Documents like Aadhaar, address proof, income certificate, caste certificate and bank passbook need to be uploaded.


Q6: Who is eligible to get assistance?

A6: BPL families with monthly income below Rs 6000 residing in Bihar can apply if they have an Aadhaar linked bank account.

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