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📰 Bihar Economic Current Affairs (Dec 2024 - Aug 2026) Chapter 2: Bihar Economy, State Budget, Industrial & Infrastructure Outlays

Mod 8: Mukhyamantri Udyami & Laghu Udyami Schemes - Livelihood Push

📖 Chapter 2 of 8 🧩 Module 9 of 14 ⏱️ ~2 min read 💡 19 MCQs
Topic Part 1 of 2

Addressing Socioeconomic Deprivation via Targeted Grants:

Following the economic survey findings which revealed that 34.13% of households live on less than ₹6,000 monthly, the state government expanded its entrepreneurship credit frameworks. The flagship Mukhyamantri Laghu Udyami Yojana provides ₹2,00,000 (₹2 lakh) in 100% non-repayable grant assistance across three tranches (25% - 50% - 25%) to poor families irrespective of caste to establish 63 categorized micro-business units.


Mukhyamantri Udyami Yojana (SC/ST/EBC/Women/Youth):

  • Financing Architecture: Provides up to ₹10 lakh per beneficiary for industrial manufacturing and processing units, consisting of a 50% subsidy/grant (₹5 lakh) and a 50% interest-free loan (₹5 lakh for women and youth at nominal 1% interest).
  • Selection & Capacity Building: Completely computerized selection via computerized lotteries followed by mandatory two-week training in premier institutes (like BIT Mesra, CIPET, and Chandragupt Institute of Management Patna).
  • Employment Multiplier: Over 40,000 micro-enterprises have been funded across textile manufacturing, grain mills, leather workshops, and hardware fabrication.

Exam View: Key Takeaways for Competitive Examinations:

  • Laghu Udyami Grant: ₹2 lakh (100% non-repayable grant in 3 installments).
  • Mukhyamantri Udyami Yojana: ₹10 lakh total (₹5 lakh subsidy + ₹5 lakh loan).
  • Interest Rate for Women: 0% interest on loan component under Mukhyamantri Mahila Udyami.
  • Eligibility Income for Laghu Udyami: Monthly family income under ₹6,000.
⭐ Key Points
  • Laghu Udyami Grant: ₹2 lakh (100% non-repayable grant in 3 installments).
  • Mukhyamantri Udyami Yojana: ₹10 lakh total (₹5 lakh subsidy + ₹5 lakh loan).
  • Interest Rate for Women: 0% interest on loan component under Mukhyamantri Mahila Udyami.
  • Eligibility Income for Laghu Udyami: Monthly family income under ₹6,000.
📌 One-line Q&A
  • Laghu Udyami Grant: ₹2 lakh (100% non-repayable grant in 3 installments).
  • Mukhyamantri Udyami Yojana: ₹10 lakh total (₹5 lakh subsidy + ₹5 lakh loan).
  • Interest Rate for Women: 0% interest on loan component under Mukhyamantri Mahila Udyami.
  • Eligibility Income for Laghu Udyami: Monthly family income under ₹6,000.
Questions 19 MCQs

Answer this question, then use Next.

What total financial assistance is provided under the Mukhyamantri Laghu Udyami Yojana?

The scheme provides ₹2 lakh as a grant that never needs to be repaid.

What is the maximum family monthly income limit to be eligible for Mukhyamantri Laghu Udyami Yojana?

Households earning less than ₹6,000 per month (~₹72,000 annually) are eligible.

In how many installments is the ₹2 lakh grant disbursed under the Laghu Udyami Yojana?

Installments: 25% (₹50k), 50% (₹1 lakh for machinery), and 25% (₹50k working capital).

What is the total project funding provided under the Mukhyamantri Udyami Yojana for setting up an enterprise?

The scheme provides ₹10 lakh: ₹5 lakh subsidy + ₹5 lakh loan.

What is the rate of interest charged on the loan component for women entrepreneurs under Mukhyamantri Mahila Udyami Yojana?

The loan component is 100% interest-free (0%) for women entrepreneurs.

What is the rate of interest charged on the loan component for male youth under Mukhyamantri Yuva Udyami Yojana?

General and OBC male youth pay a nominal 1% simple interest on the ₹5 lakh loan.

In how many equated monthly installments (EMIs) is the loan repaid under Mukhyamantri Udyami Yojana?

Repayment is scheduled across 84 monthly installments over a 7-year duration.

How many project business trades are officially covered under the Mukhyamantri Laghu Udyami Yojana?

The Industries Department designated 63 approved trades across manufacturing and service sectors.

What method is used by the Industries Department to select beneficiaries impartially under Udyami schemes?

Beneficiaries are selected transparently through a software-driven computerized lottery.

How many days of mandatory residential training is imparted to selected Udyami beneficiaries?

Beneficiaries undergo mandatory 2-week (14 days) entrepreneurship orientation.

What daily stipend/allowance is provided during the training program under Udyami Yojana?

Beneficiaries receive ₹25,000 to purchase toolkits and support training expenses upon completion.

Which department of the Bihar Government administers both Udyami and Laghu Udyami schemes?

The Department of Industries oversees and funds the schemes.

What percentage of reservation is built into Udyami selection for SC and ST entrepreneurs?

The dedicated category ensures SC/ST citizens gain capital assets and enterprise ownership.

Under Mukhyamantri Alpsankhyak (Minority) Udyami Yojana, who is eligible to apply?

Eligible Muslim, Christian, Sikh, Buddhist, Jain, and Parsi permanent residents of Bihar can apply.

What was the total targeted beneficiary reach envisioned across 5 years for Mukhyamantri Laghu Udyami Yojana?

The scheme aims to cover the ~94 lakh economically disadvantaged families identified in the caste survey.

Which digital portal facilitates the online application process for the Udyami schemes?

Applications are processed centrally via [Link].

What document is mandatory to prove the family income threshold under Laghu Udyami Yojana?

An official income certificate confirming monthly household income below ₹6,000 is required.

Can a single beneficiary avail both Mukhyamantri Udyami Yojana (₹10 lakh) and Laghu Udyami Yojana (₹2 lakh)?

To maximize coverage, beneficiaries of the ₹10 lakh Udyami scheme cannot claim the Laghu Udyami grant.

Which premier engineering plastics institute in Hajipur conducts technical machinery training for plastic trade beneficiaries?

CIPET Hajipur trains candidates selected for polymer and plastics manufacturing trades.
Question 1 of 19

One-liners

Write your answer, then submit to see the correct answer.

Laghu Udyami Grant: ₹______

Mukhyamantri Udyami Yojana: ₹______

Interest Rate for Women: ______

0% interest on loan component under Mukhyamantri Mahila Udyami.

Eligibility Income for Laghu Udyami: ______

Monthly family income under ₹6,000.