Bihar
Bihar Laghu Udyami Yojana
- 18 Jan 2024
- 2 min read
Why in News?
Recently, the Bihar government has approved a scheme to provide financial assistance of ₹2 lakh each to over 9.4 million poor families to create self-employment opportunities.
Key Points
- The approval to the “Bihar Laghu Udyami Yojana” (Bihar small entrepreneur scheme) was among the 18 proposals of different departments approved during the cabinet meeting chaired by Chief Minister Nitish Kumar.
- The scheme, which will continue for five years, aims to provide job opportunities to over 9.4 million poor families, whose monthly income is less than ₹6,000 a month.
- The state industries department will implement the scheme, and beneficiaries will be selected through a computerised randomisation process.
- At least one member of the poor families will be provided grant up to ₹2 lakh in three installments to set up and run small industrial or processing units, such as handicraft, textile, saloon, eateries, among 63 types of units.
- The cabinet approved an estimated annual expenditure of ₹9.79 crore:
- To expand the ambit of financial aid being provided to students from Extremely Backward Classes (EBCs) families preparing for civil services (mains) exams.
- EBC students preparing for other tests such as recruitment and competitive exams among others, will also get a one-time financial grant ranging from ₹75,000 to ₹30,000.
Note:
- Recently, the Bihar government released the socio-economic data in the state assembly, after releasing the caste survey report.
- The data showed 9,433,312 families (or 34.13%) of the total 27,628,995 families in the state are economically poor.
- Of the poor families, 3.31 million families belong to the EBCs, 2.47 million from Other Backward Classes (OBCs), 2.34 million from the Scheduled Castes (SCs), 1.08 million from the general category and 201,000 families from Scheduled Tribes (STs).
