Bihar Government launched two ambitious schemes christened as the ‘Mukhya Mantri Yuva Udyaymi Yojna’ and the ‘Mukhya Mantri Mahila Udyami Yojna’ to promote entrepreneurship among youth and women of all sections under the state’s ‘Mukhaya Mantri Udyami Yojna’ scheme.
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The schemes were promised by the chief minister during the 2020 Bihar elections in a bid to counter the RJD’s poll plank on unemployment.
During the polls, the chief minister had promised to extend the existing Rs 10 lakh financial assistance for entrepreneurship development to sections, if voted to power.
Earlier, ‘the Mukhya Mantri Udyami Yojna’ was started in 2018 and limited to the members of SC, ST and the extremely backward classes (EBCs).
From now on, youth and women-irrespective of caste and creed, wishing to start entrepreneurship, will get a loan of Rs 10 lakh, in which Rs 5 lakh would be a grant from the state government and the rest Rs 5 lakh will come as loan, refundable in 84 instalments.
