Scheme Parameters

Details

Scheme name

Mukhyamantri Alsankhyak Rojgar Rin Yojna

Started By

Chief Minister Nitish Kumar

Objective

This scheme is intended to create employment opportunities for the alpsankhyak (Minorities) belonging to families having modest income.

Beneficiary state

Bihar

Beneficiaries

People from minority communities ( Muslim, Sikh, Christian, Buddhist, Jain, Parsi)

Maximum Amount of loan

5 lakh (5% interest)

Department implementing the scheme

Minority Financial Corporation Committee

Budget

100 crore  per year

Applicant age limit

18-50 year

Application mode

Online (Unemployed candidates can download the application form in PDF format and after filling can submit it to the concerned authority)

Eligibility Condition

• Applicant’s income must be less than or equal to 400000 in a year.
• Should not work in any government body.

Important Points —

• The loan amount will be transferred directly to the account.(DBT)
• If the taxpayer repays the loan within the stipulated time period, there will be a discount of 0.5% in the interest rate.
• Loan has to be repaid in 20 equal quarterly installments.
• Under this scheme, unemployed candidates from minority communities can avail loan amounts up to Rs. 5 lakh for businesses & Startups.