Chief Minister Minority Employment Scheme – Bihar government has implemented the Chief Minister Minorities Employment Loan Scheme for minorities in the state. Under this government scheme, the state government provides loans to the people coming from the minority community. Deputy Chief Minister Sushil Kumar Modi has also decided to increase the fund from 25 crores to 100 crores this year under the Minority Loan Scheme. Due to which minority youth can be given loan for employment.
The amendment in the guidelines of the CM Minorities Employment Loan Scheme in Bihar will increase the employment opportunities for minority candidates (Muslim, Sikh, Parsi, Buddhist and Christian religions) from now on. Minority loan scheme Unemployed people in Bihar can avail loans of up to 5 lakh at low interest rate to start businesses and startups.
The state government has taken this decision in view of unemployment among the youth of the minority class in the state. Apart from this, Sushil Modi also said that the provision of 10 percent reservation for enrollment in government jobs and educational institutions for the economically weaker sections by the central and state government will benefit the minorities.
CM Minority Loan Employment Scheme – Application Form
You can download the application form for CM Minorities Employment Loan Scheme Application Form Download by viewing the below given PDF:
- Chief Minister Employment Loan Scheme Bihar Application Form pdf – Click Here to Download
- Here, the candidate has to fill the asked information such as his name, father’s name, ID card number, address, PIN code etc. and submit it to the Minority Department.
After which, after confirmation by the government, the candidate will get a loan to start his self-employment, start up. Along with this, the central government has also run many government schemes for unemployed youth such as Prime Minister Skill Development Scheme, PM Apprenticeship Training Scheme and many more.
CM Minority Loan Scheme Terms and Conditions
The Chief Minister Minority Welfare Department Bihar has put some conditions before providing loans (Chief Minister Minorities Employment Loan Scheme Details & Conditions), the list of which you can see below:
- Under the scheme, 5% interest will be paid on quarterly calculated amount.
- There will be no interest on the loan for a period of 3 months from the date of loan.
- If the candidate pays the loan amount at the stipulated time. So he will be given 5% discount on the interest rate by the government.
- Under this scheme, the candidate will have to pay his loan in 20 equal quarterly installments. The scheme will provide benefits to unemployed persons by direct benefit transfer (DBT) to their bank.
CM Minority Loan Scheme Eligibility and Qualification
Apart from this, the applicant has to have the following eligibility (Bihar Mukhayamantri Alpasankheyak Rozgar Rin Yojana Eligibility Criteria) if he wants to take a loan for unemployment under this loan scheme:
- The age of the applicant should be between 18 years and 50 years.
- The applicant must be a resident of the district in the state of Bihar where he seeks self-employment.
- Self-employment will have to be started in Bihar state itself with the loan amount provided under this scheme.
- Under this scheme, it is mandatory for the applicant to be unemployed for availing loan.
- The applicant should not be working in any post in Central Government, State Government or Semi-Government Institution.
- The applicant should be a person of minority community and his family income from all sources should not exceed 4 lakhs.
Apart from this, applicants can visit the official http://www.bsmfc.org portal of Minority Welfare Department, Bihar or contact Helpline Number of Bihar State Minorities Financial Corporation at helpline tollfree +91 612 – 2204975. can do.