Bihar CM Nitish Kumar Launches Bihar Small Entrepreneur Scheme

Chief Minister Nitish Kumar Launches Bihar Small Entrepreneur Scheme

Patna: Chief Minister Nitish Kumar inaugurated the Bihar Laghu Udyami Yojna (Small Entrepreneur Scheme) on Monday. The launch event also marked the unveiling of the scheme’s dedicated portal, symbolizing a crucial step towards fostering entrepreneurship in the state.

During the program, CM Nitish expressed gratitude for the initiation of the Bihar Laghu Udyami Yojna (BLUY). He highlighted the significance of conducting a caste-based survey to comprehensively understand the economic status of individuals, ensuring targeted assistance.

The survey revealed that over 94 lakh economically disadvantaged families require financial aid, leading to the inception of the BLUY. Under this initiative, each beneficiary from these families will receive financial assistance of Rs 2 lakh, empowering them to kickstart their businesses. The CM underscored the importance of separate training for the beneficiaries to ensure successful implementation.

Emphasizing the collaborative effort required for the scheme’s success, CM Nitish urged all District Magistrates to actively participate and extend support beyond the scheme, assisting those aspiring for self-employment.

Additional Chief Secretary of the Industries Department, Sandeep Poundrik, welcomed the Chief Minister with a flower bunch and a symbolic gesture during the program.

The BLUY, launched under the theme “Every home entrepreneur, every home employment, Uchi Udaan Ke Liye Bihar Hai Taiyaar,” aims to provide financial assistance for self-employment, thereby reducing the unemployment rate in the state. The scheme, grounded in the results of the caste-based survey, identified more than 94 lakh economically disadvantaged families.

Applicants for the scheme, which will be open until February 20, must fall within the age range of 18 to 50 years, with a family income of less than Rs 6000 per month. The funds, provided in three installments, will cover 25% of the project cost in the first installment, another 25% in the second, and the remaining 50% in the third installment.

The Chief Minister urged proper implementation of the scheme over the next five years and emphasized the government’s commitment to allocating necessary funds for its success. The formation of State and District Monitoring Committees will ensure effective implementation and monitoring at various levels.

Deputy Chief Minister cum Industry Minister Samrat Chaudhary participated in the program through video conferencing, along with other key officials and District Magistrates from all districts connected through the virtual platform.