Under a state government strategy, the Bihar Cabinet granted financial support of Rs 2 lakh per family to about 94 lakh families. They are earning Rs 6,000 or less per month. So, for self-employment and entrepreneurship of people, this scheme has been launched. The caste-based survey report states that 94,33,312 families in Bihar make less than Rs 6,000 each month. Under the Bihar Small Entrepreneur Scheme 2024, the state government would now offer financial support of Rs 2 lakh per person for self-employment and entrepreneurship. Additional Chief Secretary S Siddharth was announced on Tuesday. Keep reading this article for further information. All the important details about the scheme 2024 will be mentioned here.
Overview of Bihar Small Entrepreneur Scheme
Under the Bihar Small Entrepreneur Scheme, the state government would now offer financial support of Rs 2 lakh per person for self-employment and entrepreneurship. The extra chief secretary of the industries department will chair the committee that approves the financial aid for the families. The senior official stated that investors can fund small-scale/cottage industries. Such as handicrafts, textiles, service sectors, and electrical items, under the scheme. In the event of an unnatural or accidental death, workers employed in unorganized sectors will now receive compensation. As of Rs. 2 lakhs (previously Rs. 1 lakh) and Rs. 1 lakh (previously Rs. 75,000).
Also Read: CFMS Bihar
The objective of Bihar Small Entrepreneur Scheme
The main and most important objective of the Bihar Small Entrepreneur Scheme is to provide financial assistance to needy people. The economically underprivileged people can use these funds to start a small business. The Bihar government introduced a self-employment initiative to give financial support of Rs 2 lakh for entrepreneurship to solve the problem of unemployment. On Tuesday, the Bihar Cabinet authorized financial aid for about 94 lakh families earning Rs 6,000 or less per month, amounting to Rs 2 lakh per family. This money will help the poor and needy people in Bihar to set up a business. This scheme surely increases the stand of people and their quality of life.
Key Highlights of the Bihar Small Entrepreneur Scheme
| Name of the scheme | Bihar small entrepreneur scheme |
| Launched by | Bihar government |
| Beneficiaries | Residents of Bihar |
| Objective | To provide financial assistance to needy people for doing business |
| Amount to be given | 2 lakhs |
| Official site | Not yet launched |
Eligibility Criteria
- The applicant should be a resident of Bihar
- The applicant should belong to the BPL Community
- The Applicant must be earning less than 6000 Rs a month.
Also Read: Bihar Startup Policy
Benefits of the Small Entrepreneur Scheme
- Providing financial support to those in need is the primary goal of the Bihar Small Entrepreneur Scheme.
- This money can be used by those from low-income backgrounds to launch a small business.
- To address the issue of unemployment, the Bihar government launched a self-employment initiative that provides financial support of Rs 2 lakh for entrepreneurship.
- The Bihar Cabinet approved financial assistance on Tuesday for almost 94 lakh people, each of whom makes Rs 2 lakh, if they make Rs 6,000 or less a month.
- The needy and impoverished in Bihar would be able to start businesses with the aid of this money.
- This program undoubtedly raises people’s status and standard of living.
Required documents
- Aadhar card
- Pan card
- Bank passbook
- Income certificate
- Income proof
- Business idea
Features of the Bihar Small Entrepreneur Scheme
- The state government would now provide financial support of Rs 2 lakh per person for self-employment and entrepreneurship under the Bihar Small Entrepreneur Scheme.
- The committee that approves the families’ financial aid will be chaired by the additional chief secretary of the industries department.
- According to the top official, investors can finance cottage/small-scale businesses.
- such as electrical goods, handicrafts, textiles, services, and the Bihar Small Entrepreneur Scheme.
- Now, workers in unorganized industries will be compensated in the event of an unnatural or accidental death. As of two lakh rupees
Selection process
- The Bihar government will give the benefits of this scheme only to the needy people in the state.
- The citizens having less than 6000 Rs income per month will be selected for this scheme.
Bihar Small Entrepreneur Scheme Apply Online 2024
To apply for the Bihar Small Entrepreneur scheme online follow these steps
- First, you must visit the official website for the scheme
- After that on the homepage of the website click on the register option
- After clicking on the register option, you will be redirected to another page
- They fill in the required details correctly
- Then click on submit and get yourself registered for the scheme
FAQS
The Bihar Small Entrepreneur Scheme is to provide financial assistance to the needy people. The economically underprivileged people can use these funds to start a small business.
The state government would now offer financial support of Rs 2 lakh per person for self-employment and entrepreneurship.
The applicant should be a resident of Bihar. The applicant should belong to BPL Community. The Applicant must be earning less than 6000 Rs a month.