Bihar Small Entrepreneur Scheme 2024: Apply Online to Get Rs. 2 Lakh

Bihar Small Entrepreneur Scheme:-The Bihar government has launched the Bihar Small Entrepreneur Scheme 2024, aimed at promoting self-employment and entrepreneurship among economically weaker sections. Under this scheme, financial assistance of Rs. 2 lakh is provided to eligible individuals for starting small businesses or entrepreneurial ventures. This initiative is expected to benefit nearly 94 lakh families in Bihar who earn Rs. 6,000 or less per month. The scheme was announced by the Additional Chief Secretary, S Siddharth, as part of the state government’s broader strategy to address unemployment and improve living standards.

Overview of Bihar Small Entrepreneur Scheme

The Bihar Small Entrepreneur Scheme provides an opportunity for economically disadvantaged people to create a livelihood through self-employment. The scheme supports small-scale and cottage industries such as handicrafts, textiles, electrical goods, and service sectors. It also includes compensation for workers in unorganized sectors in case of accidental or unnatural death. This compensation has been increased from Rs. 1 lakh to Rs. 2 lakh.

The financial aid is approved by a committee led by the Additional Chief Secretary of the Industries Department. By supporting small businesses, the scheme aims to create a ripple effect of economic growth and self-sufficiency across the state.

Objectives of the Bihar Small Entrepreneur Scheme

The primary objectives of this scheme include:

• Providing financial assistance of Rs. 2 lakh to economically underprivileged individuals.
• Encouraging self-employment and entrepreneurship to tackle unemployment.
• Supporting low-income families to improve their standard of living.
• Promoting small-scale and cottage industries to boost local economic development.

This initiative is expected to uplift the lives of millions of people in Bihar by enabling them to start small businesses and achieve financial independence.

Key Highlights of the Scheme

Eligibility Criteria

To apply for the Bihar Small Entrepreneur Scheme, applicants must meet the following criteria:

1. Must be a permanent resident of Bihar.
2. Should belong to the Below Poverty Line (BPL) category.
3. Monthly family income should be Rs. 6,000 or less.

This ensures that the scheme benefits the most deserving and economically underprivileged individuals.

Benefits of the Scheme

The Bihar Small Entrepreneur Scheme offers several benefits, including:

• Financial Assistance: Each eligible family receives Rs. 2 lakh to start a business.
• Support for Unorganized Workers: Compensation of Rs. 2 lakh in case of accidental or unnatural death of workers.
• Reduction in Unemployment: Encourages self-employment, reducing dependence on external jobs.
• Improved Living Standards: Helps low-income families achieve financial stability and improve their quality of life.

Documents Required

Applicants must provide the following documents when applying for the scheme:

1. Aadhaar Card
2. PAN Card
3. Bank Passbook
4. Income Certificate
5. Income Proof
6. Business Proposal/Idea

Features of the Scheme

• Financial aid of Rs. 2 lakh is provided per eligible family for entrepreneurship.
• The scheme focuses on small-scale industries such as textiles, handicrafts, and electrical goods.
• A dedicated committee under the Industries Department reviews and approves applications.
• Compensation for unorganized sector workers in case of death has been doubled.
• The scheme targets families earning less than Rs. 6,000 per month, covering nearly 94 lakh families in Bihar.

Selection Process

The selection process for this scheme includes the following steps:

1. Verification of eligibility criteria, such as monthly income and residency status.
2. Submission of required documents and application form.
3. Approval of financial aid by the committee headed by the Additional Chief Secretary of the Industries Department.
4. Disbursement of funds directly to the beneficiary’s bank account upon approval.

How to Apply Online for Bihar Small Entrepreneur Scheme 2024

Follow these steps to register for the scheme online:

1. Visit the official website (to be announced soon).
2. Click on the “Register” option on the homepage.
3. Fill in the application form with personal and business details.
4. Upload the required documents, such as Aadhaar Card and Income Certificate.
5. Submit the application form for review.
6. After verification, the financial aid will be credited to the applicant’s bank account.

Bihar Small Entrepreneur Scheme 2024: Empowering Small Businesses

The Bihar Small Entrepreneur Scheme 2024 is an ambitious initiative launched by the Bihar government to promote self-employment and entrepreneurship among low-income families. Under this scheme, financial assistance of Rs. 2 lakh is provided to eligible individuals to start small businesses or entrepreneurial ventures. With nearly 94 lakh families earning less than Rs. 6,000 per month in the state, the scheme aims to uplift the economically weaker sections and reduce unemployment. This scheme is expected to empower small businesses and create a sustainable livelihood for millions of residents in Bihar.

Bihar Small Entrepreneur Scheme PDF

To ensure easy access to information, the Bihar government has made detailed guidelines about the scheme available in PDF format. This PDF includes information on eligibility criteria, the application process, required documents, and the benefits of the scheme. Applicants can download the PDF from the official Bihar Startup portal or other government websites. This resource ensures transparency and helps people understand the scheme thoroughly.

Bihar Small Entrepreneur Scheme List

The list of beneficiaries under the Bihar Small Entrepreneur Scheme will include families earning Rs. 6,000 or less per month. This list is prepared based on data collected from caste-based surveys and other official records. The selected beneficiaries will receive financial aid directly into their bank accounts. The government has emphasized maintaining fairness and accuracy in compiling the list, ensuring that only deserving individuals benefit from the scheme.

Bihar Small Entrepreneur Scheme Apply Online

Applying for the Bihar Small Entrepreneur Scheme is simple and user-friendly. Here’s how you can apply online:

1. Visit the official website of the scheme or the Bihar Startup portal at www.startup.bihar.gov.in.
2. Click on the “Register” or “Apply Online” option available on the homepage.
3. Fill in the required details, including personal and financial information.
4. Upload necessary documents, such as Aadhaar card, income certificate, and bank details.
5. Submit the application form for verification.

Once the application is reviewed and approved, financial assistance will be provided directly to the applicant’s account.

Bihar Small Entrepreneur Scheme Eligibility

To be eligible for the Bihar Small Entrepreneur Scheme, applicants must fulfill the following criteria:

1. Be a permanent resident of Bihar.
2. Belong to the Below Poverty Line (BPL) category.
3. Have a monthly family income of Rs. 6,000 or less.
4. Have a viable business idea or plan to start a small-scale enterprise.

By targeting low-income families, the scheme ensures that the benefits reach the most deserving individuals.

Bihar Government Loan Scheme for Businesses (MSME)

Apart from the Small Entrepreneur Scheme, the Bihar government also offers various loan schemes to support micro, small, and medium enterprises (MSMEs). These schemes provide financial assistance for starting or expanding businesses in sectors such as manufacturing, handicrafts, textiles, and agriculture. The MSME loan schemes are designed to promote entrepreneurship and economic growth in Bihar. The loans are offered at low-interest rates and come with flexible repayment terms, making them accessible to small business owners.

www.startup.bihar.gov.in 2024

The official website, www.startup.bihar.gov.in, serves as a comprehensive portal for all entrepreneurial schemes in Bihar. It provides detailed information about various government initiatives, including the Small Entrepreneur Scheme, MSME loan schemes, and other business-support programs. The portal allows users to:

• Apply online for schemes.
• Download PDFs and forms.
• Check the status of their applications.
• Access resources for starting and managing a business.

This platform is a one-stop solution for aspiring entrepreneurs in Bihar.

Bihar Govt MSME Loan Scheme

The Bihar Government’s MSME Loan Scheme is a significant initiative to boost small businesses. This scheme provides loans for:

1. Establishing new businesses.
2. Expanding existing small and medium enterprises.
3. Financing raw materials, equipment, and working capital.

Loans are available at subsidized interest rates, and repayment terms are tailored to suit the needs of small business owners. The scheme has been instrumental in supporting the growth of local industries in Bihar.

Bihar Government Loan Scheme for Business

The Bihar government has introduced several loan schemes to encourage entrepreneurship and self-reliance. These schemes focus on empowering underprivileged sections by providing:

• Easy access to credit for business setup.
• Subsidized interest rates to reduce financial burden.
• Training and resources to enhance business skills.

From cottage industries to service sectors, these loan schemes cater to diverse business needs. The primary goal is to foster economic growth and reduce unemployment across the state.

Conclusion

The Bihar Small Entrepreneur Scheme 2024 and other government initiatives, such as the MSME loan schemes, reflect the Bihar government’s commitment to empowering its residents through entrepreneurship. By providing financial assistance, easy loan access, and resources, these schemes aim to create a self-reliant and economically strong Bihar. Residents are encouraged to take advantage of these opportunities to improve their livelihood and contribute to the state’s development.

FAQs

Q1. What is the Bihar Small Entrepreneur Scheme?
The Bihar Small Entrepreneur Scheme provides financial assistance of Rs. 2 lakh to low-income families in Bihar to start small businesses or entrepreneurial ventures.

Q2. How much financial aid is provided under this scheme?
Each eligible family receives Rs. 2 lakh as financial assistance for self-employment and entrepreneurship.

Q3. Who is eligible for this scheme?
To qualify, applicants must be residents of Bihar, belong to the BPL category, and earn Rs. 6,000 or less per month.

Q4. What industries are supported under this scheme?
The scheme supports small-scale and cottage industries, including textiles, handicrafts, electrical goods, and service sectors.

Q5. How can I apply for the scheme?
You can apply by visiting the official website, filling out the registration form, and uploading the necessary documents.

The Bihar Small Entrepreneur Scheme 2024 is a transformative initiative aimed at creating a self-reliant and economically stable Bihar by promoting self-employment and reducing poverty across the state.