All You Need To Know - Ladla Bhai Yojana Maharashtra 2024.

Maharashtra's CM recently launched Ladla Bhai Yojana 2024, offering monthly financial aid, skill development, and higher education support to empower unemployed youth. Prima facie it does seem like a very good scheme for the business owners as well as job seeking youth.

Introduction

The Maharashtra Government has started the Maharashtra CM Ladla Bhai Yojana Apply Online 2024 process to help unemployed youth. This scheme is meant to support young people who are educated but are struggling for jobs. It aims to help them with their education, improve their economic condition, encourage higher education, and give them practical work experience.

Unemployed youth who have finished their education can now apply for this scheme and receive financial assistance every month based on their eligibility. This scheme has been launched to provide support to youth before the upcoming assembly elections. Interested young people can now submit their application forms and get the assistance they need.

Amount Provided In Ladla Bhai Yojana

Eligibility Criteria

• Youth who are permanent residents of Maharashtra state are eligible to apply.
• Minimum education - 12th pass / ITI / Diploma / Graduation / Post Graduation. 
• The age of the applicant should be between 18 and 35 years of age.
• Only unemployed youth and youth belonging to economically weak families will be eligible to apply.

For Industries and Establishments

1. Must be Employed in Maharashtra.
2. Must be registered on the Skill, Employment, Entrepreneurship and Innovation web-portal as an employee. 
3. Must be established for 3 years. 
4. Must be registered with EPF, ESIC, GST, DPIT and Udyog Aadhaar and must have a certificate of the corporation. 
5. Key points of the scheme :

• The internship will be for 6 months.  
• Interns will get a stipend every month under DBT, in which 12th pass will be given Rs 6000, diploma holders will be given Rs 8000 and degree holders will be given Rs 10,000.  
• This scheme is for both government establishments and private sector industries.

Benefits Of Ladla Bhai Scheme

Financial Assistance : 

The scheme provides financial aid to help cover educational expenses and support entrepreneurial ventures.

Promoting Self Reliance  : 

The Scheme Will help the younger to be self reliance by feeling independant and can take jobs and apprenticeships.

Reducing Unemployment Rate : 

The Scheme will reduce the unemployment rate by giving financial help to the youth.

Skill Development Programs

Various training programs are offered to enhance the skills of the youth, making them more employable and ready for the job market.

To Encourage Higher Education :

Students can also take better and next level education by using this fund in their fees and transport services.

How To Apply Online For Ladla Bhai Yojana Maharashtra 2024?

First of all, you will have to visit the official website of Maharashtra Ladla Bhai Yojana Maharashtra 2024. It is yet to go live as of 18-07-2024.

Mandatory Documents

• Domicile Certificate
• Educational Qualification Certificate
• PAN Card
• Aadhaar Card
• Passport Size Photo
• Caste Certificate
• Income Certificate
• Mobile Number

An official link is coming soon. we will share the link to this in our blog section, and you can go check it out.

FAQs

Q. What is Ladla Bhai Yojana?

A. Ladla Bhai Yojana is a government initiative in Maharashtra aimed at empowering youth through financial assistance, education, and job opportunities.

Q. Who can apply for Ladla Bhai Yojana?

A. Residents of Maharashtra aged between 18 and 35 with a family income below INR 3 lakhs per annum can apply.

Q. How to apply for Ladla Bhai Yojana?

A. You can apply online through the official website by filling out the application form and submitting the required documents.

Q. What are the benefits of Ladla Bhai Yojana?

A. Benefits include financial assistance, skill development programs, job placement opportunities, and educational support.

Q. Is there an age limit for Ladla Bhai Yojana?

A. Yes, applicants should be between 18 and 35 years old.

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Author- Ayush Naik  

Ayush Naik is an expert in personal finance with an MBA in Finance. With over five years of experience working alongside stock market traders, Ayush has a deep understanding of market dynamics and investment strategies. His practical insights and analytical skills have helped many individuals navigate the complexities of financial planning and investment. Ayush’s professional background and commitment to educating others make him a valuable contributor to our personal finance blog.