PATNA: Bihar authorities would now offer Rs10 lakh into a jobless woman or childhood to begin a new company or compact businesses in the nation.
From Rs10 lakh, Rs5 lakh are subsidy along with the remainder Rs5 lakh loan is going to have to returned into instalments.
CM Nitish Kumar on Friday declared it launching two new strategies — that the Mukhyamantri Mahila Udyami Yojana (MMUY) along with also the Mukhyamantri Yuva Udyami Yojana (MYUY) — having a goal to provide additional employment opportunities to youths and young girls in the nation.
The state government has promised employment chances on 20 lakh youths throughout its existing tenure.
Underneath the MMUY, a jobless woman could be given Rs10 lakh interest-free loan using Rs5 lakh as subsidy to begin a new company or little industry.
The loan is going to need to be returned in the subsequent seven decades from the beginning of the company.
Beneath the MYUY, a jobless youth could be given Rs10 lakh loan using Rs5 lakh subsidy on easy interest of 1 percent, to be returned at several instalments.
Deputy CMs Tarkishore Prasad along with Renu Devi, businesses minister Shahnawaz Hussain, leader secretary Tripurari Sharan and several other senior officers were attached to this inaugural occasion through videoconferencing.
“Both new strategies, intended for the jobless youths and girls hailing from the upper castes and backward castes group, could be implemented on virtually identical pattern of this present Mukhyamnatri SC/ST/EBC Udyami Yojana,” an businesses department official stated.