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Bihar Chief Minister Minority Employment Loan Scheme 2023

Bihar Chief Minister Minority Employment Loan Scheme 2023

(Bihar Mukhyamantri Alpsankhyak Rojgar Rin Yojana, Eligibility, Documents, Application, Interest Rate)

Every day efforts are made by the government to improve the economy of the country. In view of all these, this Chief Minister Minority Employment Loan Scheme has been started by the Government of Bihar. Today we are going to provide you all the important information related to this scheme through this article. Such as what is Chief Minister Minority Employment Loan Scheme?, its benefits, objectives, features, eligibility, important documents, application process, etc. will be provided. If you also want to get all the important information related to this Bihar Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2023, then read our article till the end. Bihar Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2023

Bihar Chief Minister Minority Employment Loan Scheme 2023

This Chief Minister Minority Employment Loan Scheme has been started by the Minority Financial Corporation of the Government of Bihar. Under this scheme, a loan of up to ₹ 500000 has been provided to the people of the minority community by the Government of Bihar to increase employment opportunities. This scheme was started by the government in the year 2012. From 2012 to 2016, the budget of this scheme was fixed at Rs 25 crore. In 2016-17, the budget of Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2023 was increased to Rs 75 crore. I went. After that, after the year 2017, the budget of this scheme has been fixed at Rs 100 crore per year.



Key Highlights Bihar Alpsankhyak Rojgar Loan Yojana 2023


1. Name of the Scheme – Chief Minister Minority Employment Loan Scheme


2. State – Bihar


3. Year – 2023


4. Ministry – Government of Bihar


5. Department – ​​Minority Welfare Department

 

6. Purpose – To give loans for employment to the citizens of the minority community of the state


7. Beneficiaries – Minority community people of Bihar


8. Loan amount – Rs 5 lakh


9. Budget – Rs 100 crore


10. Medium – Online and Offline


11. Official

Web site – bsmfc.org


12. Chief Minister

minority employment

loan plan

Application Form – Download from here.






Objective of Chief Minister Minority Employment Loan Scheme

Objective of Minority Employment Loan Scheme

The economic condition of many citizens of the minority community in the state is not correct, due to which they are not able to get employment, in view of this reason, the Minority Welfare Department of the state of Bihar has started the Chief Minister Minority Employment Loan Scheme for the citizens of the minority community of the state. The purpose of which is to provide loans to the citizens for self-employment, at low interest, so that those citizens who were not able to start their employment due to lack of funds can get loans and the economic status of the citizens themselves and their families by doing employment. Can improve An opportunity has been provided by the government to the people of the minority community to move forward, in which they can establish their self-employment by providing loan amount to them. Under this scheme, the self-employment sector will get a boost in the state as well as other people will also get the benefit of getting employment opportunities.

People belonging to some minority groups like Muslims, Sikhs, Parsis, Buddhists and Christians etc. are spread all over India. In order to help them get employment by ending their unemployment, the Chief Minister of Bihar has decided to start this employment loan scheme. With this, on the one hand, where the unemployed will get employment opportunities, on the other hand, the problem of unemployment in the state will be solved to a great extent.




Features of Chief Minister Minority Employment Loan Scheme

Benefits and features of Chief Minister Minority Employment Loan Scheme

  • Through Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2022, loans will be provided to the people of the minority community.

  • The maximum loan amount will be ₹500000.

  • This scheme has been started by the Minority Financial Corporation Committee of Vihar.

  • This scheme was launched in 2012.

  • Bihar Minority Employment Loan Scheme will increase employment opportunities.

  • The budget of this scheme has been set by the government at Rs 100 crore per year.

  • Under this scheme, the loan amount will be transferred directly to the bank account of the beneficiary.

  • Under Alpsankhyak Rojgar Loan Yojana 2022, only people belonging to minority communities of the state can apply.

  • Under this scheme, the interest rate of 5% has been fixed by the government.

  • Under this scheme, the loan amount will be paid in 20 equal quarterly installments.

  • Under Bihar Alpsankhyak Rojgar Loan Yojana 2022, if the beneficiary pays the entire loan amount on time, then a rebate of 0.5 percent will be provided in the interest rate.

  • To apply under this scheme, the age of the applicant should be between 18 to 50 years.

  • It is mandatory to use the loan obtained under this scheme only for generating employment opportunities.



Welfare of minority family :-

The Chief Minister has started this employment loan scheme for the welfare of the families belonging to the minority area living in the state of Bihar.



Help to unemployed youth :-

In this scheme of Bihar state government, such youths who are unemployed, who do not have jobs, and also do not have money to do business, they are getting help.



Allocation of budget :-

When this scheme was launched, a budget of about Rs 25 crore was fixed for it, in which now a budget of Rs 100 crore is being increased.



Loan :-

Minority unemployed youth of Bihar who are looking for employment and are not able to start due to lack of funds can get loan amount up to Rs.5 lakh from the state government under this scheme.



Mode of payment of amount :-

The amount given by the state government, which is provided to the beneficiaries in the form of loan for their employment. The mode of his payment is Direct Benefit Transfer, which he will receive through the bank. 



Benefit Of Mukhyamantri Alpsankhyak Rojgar Rinn Yojana

If you are a citizen of Bihar state and want to apply for Chief Minister Minority Employment Loan Scheme, then you must know about the benefits of this scheme. If you want to know about these benefits then read it carefully.


  • Minority Employment Loan Scheme is benefited by the citizens of the minority community of Bihar state.

  • Under this scheme, you can take a loan up to 5 lakhs.

  • You can get the loan amount from any nearest bank.

  • The beneficiary has to deposit an interest of 5% on the loan taken.

  • No interest is to be paid if the loan is repaid before the end of the tenure.

  • A rebate of up to 0.5% is given on depositing the amount taken under the scheme on time and 1% more amount has to be deposited if deposited after the period.

  • The period to return the amount taken under this scheme is 3 years.

  • Minority Employment Loan Scheme will increase employment opportunities.

  • By doing self employment, citizens can provide employment to other citizens as well, that means, along with the minority community, other citizens will also be benefited.

  • This will improve the economic condition of the citizens and everyone will become self-reliant.

  • The beneficiary does not need to ask to receive the amount as the loan amount is sent to your account via Direct Benefit Transfer.




Scheme Selection Process

Chief Minister Minority Employment Loan Scheme Beneficiaries Selection

Mukhyamantri Alpsankhyak Rojgar Rin Yojana 2023 Selection Process

Under the Bihar Minority Employment Loan Scheme, first of all the applicant has to get registered. After this, before sanctioning the loan amount to the selected candidates by the selection committee, their support verification report will be obtained by the Commissionerate Incharge. After this the decision to give loan to them will be taken and their documents will be signed by the commissionerate in-charge. After this process is completed, the loan amount will be transferred directly to the bank account of the beneficiary through Direct Benefit Transfer.

As you all know, the Chief Minister's Minority Employment Loan Scheme has been started to provide financial assistance to the minorities of Bihar. Under this scheme, a loan of up to ₹ 500000 will be provided by the government. So far 437 applications have been received by the government under this scheme. Out of these applications, the selection process of the beneficiaries has been started. District Minority Welfare Officer cum Assistant Secretary District Selection Committee has informed that a committee has been formed for the selection process. This committee is doing the work of selection in 2 shifts from 21 December 2020.

All guidelines are being followed to avoid corona infection during the selection process. The first shift is from 11:00 am to 2:00 pm and the second shift is from 2:00 pm to 5:00 pm. The selection process under this scheme will end by 26 December 2020. The work of selection is being done by the selection committee as follows.



Interest Rates in Chief Minister Minority Employment Loan Scheme

  • In this loan scheme started by the Government of Bihar, the beneficiary will have to pay interest on the loan amount at the rate of 5% on a quarterly basis.

  • They will be given a period of 3 months to repay the principal amount, starting from the date of their loan disbursement. In the middle of this period, when that person repays his loan, then no interest rate will be applicable on him.

  • Apart from this, if the beneficiary person does not pay the principal on time, then he will have to pay interest. If he pays the interest on time, he will get a discount of 0.5% on the interest rate for the same. And if the person does not pay the interest on time, then 1% extra interest will be charged from him as a penalty.  

  • The beneficiary can pay the loan amount in 20 equal installments in 3 months only.





Loan Recovery Lone Recovery

Recovery of loan under Bihar Minority Employment Loan Scheme

  • Interest Rate: A simple interest rate of 5% will be charged on the loan amount after the moratorium period of 3 months.

  • EMI: The loan amount will be repaid in 20 equal quarterly installments.

  • Rebate: If the beneficiary pays the entire loan amount on time, they will be given a rebate of 0.5 percent in the interest rate.

  • Penalty: If the beneficiary does not pay the installment on time then they will have to pay penalty.

  • Post dated cheque: Beneficiary will have to submit 10 to 20 post dated cheques.


  • Interest Interest – 5% simple interest is charged on the loan amount from 3 months after receiving the amount.

  • EMI – 20 Equated Quarterly Installments to be paid.

  • Rebate Rebate – If the entire loan amount is paid by the applicant on time, then a rebate of 0.5% is given on the remaining interest.

  • Penalty Penalty – If the EMI amount is not given on time, then you are charged compound interest at the end of the year i.e. you are charged a late fee.

  • Processing Charge Processing Charge – 0.5% of the loan amount is deducted before RTGS payment.

  • Post-dated check Post-dated check – The applicant has to submit 10 to 20 post-dated cheques.



Bihar Alpsankhyak Rojgar Loan Yojana 2023 Guarantor

  • If the loan is Rs.1 Lakh: If the loan amount is Rs.100000, then the self-guarantee or the guarantee of any person who has or whose parents have the rent receipt and other relevant documents.

  • If the loan is more than ₹ 100000: If the loan is more than ₹ 100000, then the guarantors will be government, semi government, banks, income tax payers, Anganwadi workers, teachers, registered madrasas, etc. who have real estate.




Chief Minister Minority Employment Loan Scheme Transfer

  • After the sanction order is received, the loan amount is transferred to the beneficiary's account.

  • If the amount of sanction is more than ₹ 100000 then this amount is transferred to the vendor's account.

  • If the loan amount is less than ₹100000 then this amount is directly transferred to the applicant's account.



Eligibility Criteria in Chief Minister Minority Employment Loan Scheme

eligibility for the scheme

In this process, we will tell you about the eligibility criteria given by the Minority Welfare Department for Minority Employment Loan Scheme, citizens who conform to these criteria can apply in the scheme.


  • The beneficiary citizen must be a native of the state of Bihar.

  • To get the benefits under the scheme, the age of the citizen applying should be more than 18 years to 50 years.

  • The annual income of the beneficiary's family should be 4 lakhs or less.

  • The loan amount must be used only for employment and income.

  • Citizens of Muslim, Sikh, Parsi, Jain, Christian and Buddhist communities of the state will be eligible for this scheme.

  • Applicant citizen should not be in any government job or semi government job

  • Age limit :- In this scheme, such unemployed youth or women can get loan, whose age is between 18 to 50 years.

  • Unemployed youth :- Such persons who do not have any means of income, they are completely unemployed, only they are allowed to apply in this scheme.

  • Minority class person: - In this scheme, the nominator should be a minority class person, apart from this, people of any class have not been allowed to get the benefits.

  • Resident of Bihar :- Minority youth who are residents of Bihar and also want to start their own employment in any district of Bihar. They have been included in this.

  • Should not be a government worker: - Such a person who is a government worker in the Central Government or State Government or any semi-government institution, then he will not be entitled to the loan available in this scheme.

  • Income Limit :- In this scheme such youth and women are included who are financially weak and some are unable to start their business. That's why people whose total annual family income is less than Rs.4 lakh have been given the right to join this scheme.    



communities covered by the scheme

Citizens of the following communities can get benefits under the Minority Employment Loan Scheme. Citizens who come under this community can apply in the scheme.


  1. Muslim Muslim

  2. Jain Jain

  3. Parsi Parsi

  4. Buddhist Buddhist

  5. Sikh Sikh

  6. Christian Christian




Required Documents in Chief Minister Minority Employment Loan Scheme

required documents

To apply for the Chief Minister Minority Employment Loan Scheme, you must have the following documents because you cannot apply without all these documents.


  • residence certificate

  • Aadhar Card

  • I Certificate

  • age certificate

  • passport size photo

  • registered mobile number

  • bank passbook

  • Proof of being a minority :- The person making the nomination will have to provide proof of belonging to the minority community certified by the Bihar State Government.

  • Aadhaar Card :- It is necessary for the enrolling person to enter the number of his Aadhaar card in the application form, so it is necessary to have this document with him.

  • Bank Account Number of Nationalized Bank: – The loan amount is to be given through Direct Benefit Transfer i.e. DBT in the bank account of the beneficiary, so the applicant must have an account with a nationalized bank and a photocopy of his passbook should be attached with the form. .

  • Residential Certificate: - A person belonging to the minority community coming within the limits of Bihar will have to submit his residential certificate as proof of his being a resident of Bihar.

  • Address Proof:- It is also necessary for the applicant to have a permanent address in Bihar, for this they must also provide proof of their address.

  • Income certificate:- Income eligibility has also been fixed in this scheme, so it is necessary that the applicant should also give proof of his family's income along with him.

  • Age Certificate: – Only persons between the age of 18 to 50 years can take advantage of this scheme, to prove that they must attach their birth certificate or the document in which their age is mentioned along with the form.

  • Passport size photograph :- While submitting the form, you always have to put a passport size photograph in it, so you must keep at least 2 photographs with you.




Application Form for Chief Minister Minority Employment Loan Scheme

To join this scheme, first of all you have to enroll in it, for this you will need the enrollment form, which you will get by clicking on this official website bsmfc.org. After this you will see on the right side that you will see the link of 'Chief Minister's Minority Employment Loan Scheme Form'. You click on it, then the form of this scheme will open on your screen in PDF format. You download it and take a print out of it. In this way the form of this employment loan scheme can be obtained.




How to get Chief Minister Minority Employment Loan Scheme online application form?

If you want to apply online in the Chief Minister Minority Employment Loan Scheme, then tell you that you cannot apply online in this scheme because the department has not yet started any process to apply online in this scheme, but You can get the application form through the online portal for which you have to visit the official web site of the scheme.

In this process, we will tell you how to get the online application form in Chief Minister Minority Employment Loan Scheme, if you also want to get the application form of the scheme online, then follow the steps mentioned below.


  • Go to official web site

    • First of all go to the official web site of Chief Minister Minority Employment Loan Scheme.



  • go to download

    • After this, click on Download given on the home page, 2 options open in front of you as soon as you click.

    • From this you click on Forms.


  • Click on Chief Minister Minority Employment Loan Scheme

    • As soon as you click on the form, a new page opens in front of you, click on the Chief Minister Minority Employment Loan Scheme given on this page.


  • Download Application Form

    • As soon as you click, the application form of the scheme opens in front of you in the form of PDF.

    • Now you can download and print it.






How to apply for Chief Minister Minority Employment Loan Scheme (Application Process)

Process to apply in Chief Minister Minority Employment Loan Scheme

Bihar Minority Employment Loan Scheme Registration


  • First of all you have to go to your nearest bank.

  • Now you have to take the application form of Chief Minister Minority Employment Loan Scheme from there.

  • After this, you have to enter all the information asked in the application form carefully.

  • Now you have to attach all the important documents with this application form.

  • After this you have to submit this application form to the bank.

  • In this way you will be able to apply under Alpsankhyak Rojgar Loan Yojana 2023.


Under this scheme, the loan amount is provided by the Government of Bihar. Under the Chief Minister Minority Employment Loan Scheme, the loan amount is transferred directly to the bank account of the beneficiary through Direct Benefit Transfer. If you also want to take advantage of this scheme, then you have to apply online by visiting the official website.

In this process, we will tell you how to apply in the Minority Employment Loan Scheme, if you also want to apply in the scheme, then you can easily apply in the scheme by following the steps mentioned below.


  • First of all, you download the application form of the scheme through online or you can also get the application form from the bank or the concerned department.

  • After this, fill the information asked in the form like applicant's name, father/husband's name, Aadhaar card number, address, educational qualification, mobile number, bank related information etc.

  • After filling all the information, attach all the requested documents with the application form.

  • After this, submit the application form and documents to the nearest bank or minority welfare department.


  • When you have received the form of this scheme, then after that you will have to fill it. So whatever details asked in it like your personal and family details or bank details or any other you have to mention in this form.

  • After this, it is also necessary to add photocopies of all related documents in this form, now this paper work will be completed. Then go and submit it in the office of Minorities Department of Bihar State.

  • When the department receives the nomination forms of the beneficiaries, they will confirm it. After this you will get the facility of loan available in this scheme.





Procedure to get information related to Sanctioned Amount

  • Now a new page will open in front of you.

  • Now you can see the information about the Sanction amount on this page.






Process to View Contact Details




Contact Details for Chief Minister Minority Employment Loan Scheme

helpline number

Through this article, we have provided you all the important information related to Chief Minister Minority Employment Loan Scheme. If you are still facing any kind of problem then you can solve your problem by contacting on helpline number or by writing email. 


If you have any kind of doubt about this scheme being run by the Bihar State Government, you can read the guidelines of this scheme by clicking on this link . Apart from this, we have also given here the details to contact the concerned officer for you. Through that also you can get information –


The helpline number and email id are as follows


Toll Free Number – 18003456123,

Fax Number – 0612-2215994

Email Id- minocorpatna@gmail.com


  • Toll Free Number :- +91 612 – 2204975

  • For scholarship call :- 18003456123

  • Fax No. :- +91 612 – 2215994

  • Email Id :- minocorpatna@gmail.com

  • CM helpline number to complain :- 181




FAQ Scheme related questions

Q: What is Chief Minister Minority Employment Loan Scheme?

Ans: This is a kind of loan scheme which has been started by the state government of Bihar to provide loans for employment to the minority unemployed youth of the state.


Q: How much interest will the minorities have to pay in Bihar's employment loan scheme?

Ans: In this scheme of Bihar, minorities do not have to pay any interest within the period of repaying the loan, but they will have to pay 5% interest if the loan is not repaid on time.


Q: What is the penalty for not paying the interest on time?

Ans: If the applicant is not able to repay the interest on time, then he will have to pay 1% additional interest by the bank.


Q: How much time is given to return the amount taken under Minority Employment Loan Scheme?

Ans:  Time up to 3 years is given to return the amount taken for the scheme.


Q: Is there any discount provided by the bank?

Ans: If you repay the loan on time then you do not have to pay any interest. And when you pay interest but deposit it in time or before time, then the bank will give you a discount of 0.5% on the interest rate.


Q: Who started the Chief Minister's Minority Employment Loan Scheme?

Ans:  Chief Minister Minority Employment Loan Scheme has been started by the Chief Minister of Bihar state.


Q: What is the objective of the scheme?

Ans:  The objective of the scheme is to provide loans for employment to the citizens of minority communities.


Q: What is the maximum amount given under Minority Employment Loan Scheme?

Ans:  Under the Minority Employment Loan Scheme, a maximum amount of Rs 5 lakh is given as loan.


Q: What is the budget of Minority Employment Loan Scheme at present?

Ans:  The budget of Minority Employment Loan Scheme is Rs 100 crore per year.


Q: Can citizens of other communities also take advantage of this scheme?

Ans :  No, citizens of communities other than minority community citizens cannot avail the benefits of this scheme.


Q: When to apply for the scheme?

Ans:  You can apply for Bihar Minority Employment Loan Scheme anytime throughout the year.


Q: Till when the loan amount is given to the applicant under the scheme?

Ans:  The loan amount is provided to you after all your documents are verified by the committee.


Q: Which communities come under the Minority Employment Loan Scheme?

Ans:  People of Muslim, Sikh, Parsi, Jain, Christian and Buddhist communities come under the scheme.


Q: What is the rural-urban divide of the amount disbursed by BSMFC under the scheme?

Ans:  Under the Minority Employment Loan Scheme, the funds are distributed in the ratio of 70:30 for rural and urban applicants.






CONCLUSION

So as we told you in this article about the Chief Minister Minority Employment Loan Scheme, how to apply in the scheme and the eligibility of the scheme etc. If you have any problem related to this, then you can contact the helpline number of the Minority Welfare Department of Bihar State. Or you can message us by going to the comment box below. In today's time, those who do not have employment have no value, nor are they able to live their own life in a better way. That's why employment is necessary for everyone, especially for the youth. The government is also promoting employment through this kind of scheme, so don't sit idle and take advantage of this scheme of the state government.  

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