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On April 19, 2021 the Bihar state cabinet chaired by CM Nitish Kumar approved ‘Mukhyamantri Mahila Udyami Yojana’ for encouraging women to take up self-employment opportunities. Under this scheme a loan of Rs. 10 lakhs will be provided to the women beneficiaries for starting a new venture. 50% of the loan amount will be provided on interest free basis. The loan amount can be repaid in 84 easy installments under this scheme. It aims at boosting the women entrepreneurship in the state. This scheme is planned for empowering women in the state thereby making them financially independent and stable.
Scheme Overview:
| Scheme name: | Mukhyamantri Mahila Udyami Yojana |
| Scheme by: | Bihar Government |
| Approved by | Bihar State Cabinet chaired by CM Nitish Kumar |
| Date of Approval: | April 19, 2021 |
| Beneficiaries: | Women across the state |
| Benefit: | Interest free loan of Rs. 10 lakhs with a grant of Rs. 5 lakhs |
| Major Objective: | To provide financial assistance to women and empower them |
| Budget allocated: | Rs. 200 crores |
List of scheme lunched by Bihar Government
Scheme Objectives and Benefits:
- The main objective of the scheme is to empower the women
- This scheme aims to provide interest free loans to the women
- Grant of Rs. 5 lakhs will be provided on these loans
- This loan amount will be provided to women beneficiaries for taking up self-employment opportunities and starting a new venture
- It aims to encourage the financial stability of women across the state.
- It will also encourage women to take up self-employment opportunities and earn regular income
- The scheme will better the way of living of these women and their families.
Scheme Details:
- Mukhyamantri Mahila Udyami Yojana is a scheme approved by the Bihar state cabinet headed by CM Nitish Kumar on April 19, 2021
- This scheme aims at benefiting the women across the state by providing interest free loans up to Rs. 10 lakhs with a grant of Rs. 5 lakhs
- This loan will be provided to the women beneficiaries for starting their own ventures
- Women availing such loans would be enabled to take up self employment opportunities
- This loan can be returned in 84 easy installments
- It thereby tends to encourage entrepreneurship in women across the state
- It aims at encouraging self-employment opportunities and thereby employment opportunities will also be increased
- This scheme mainly aims at welfare of women thereby making them self-reliant
- Budget allocated for this scheme is Rs. 200 crores
