
Bihar Government Schemes for Youth Entrepreneurship (2 Lakh – 10 Lakh)
Objective:
- Promote self-employment and entrepreneurship among Bihar youth.
- Reduce migration to other states for work by supporting local businesses and startups.
Key Schemes:
- Bihar Laghu Udyami Yojana (Small Entrepreneur Scheme)
- Target: Less-educated youth aspiring to start small businesses.
- Support Provided:
- Training for over 62 types of small industries.
- Financial assistance up to ₹2 lakh for tools, machinery, rent, etc.
- Benefit: Enables youth to start small-scale enterprises locally.
- Mukhyamantri Udyami Yojana (Chief Minister Entrepreneur Scheme)
- Target: Youth across different categories for medium-scale business.
- Financial Assistance:
- Loan up to ₹10 lakh.
- Only ₹5 lakh to be repaid, with low interest and easy installments.
- Eligible Projects: Around 58 types of projects approved under the scheme.
- Bihar Startup Policy
- Target: Innovative youth with unique business ideas or startups.
- Financial Support: Interest-free loan up to ₹10 lakh.
- Objective: Encourage new startups, innovation, and local job creation.
Significance:
- Provides financial, training, and operational support for youth entrepreneurship.
- Encourages self-reliance and reduces out-migration for jobs.
- Supports both small-scale and innovative business ventures in Bihar.
Updated - 4 Mar 2025, 4:43 pm | Navbharat Times