
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