PATNA: Bihar authorities would now offer a sum of Rs 10 lakh into a jobless woman or childhood to begin a new company or compact businesses in the nation.
Of Rs 10 lakh, Rs 5 lakh are subsidy while the remainder Rs five lakh are advance to be returned at several installments.
Bihar CM Nitish Kumar on Friday started two new strategies – that the Mukhyamantri Mahila Udyami Yojna (MMUY) along with also the Mukhyamantri Yuva Udyami Yojana (MYUY) — using the intention to provide additional employment opportunities for youths and young girls in the country.
The state government has promised to offer employment opportunities to 20 lakh youths throughout its existing tenure.
Underneath the MMUY, a jobless woman could be given a sum of Rs 10 lakh to begin a new company or little industry.
Of Rs 10 lakh, Rs 5 lakh are a subsidy figure that the woman does not have to go back, while the remainder Rs 5 lakh are a past-due loan, to be returned at several installments in the subsequent seven decades from the beginning of the new venture.
Beneath the MYUY, a jobless youth could be given that a sum of Rs 10 lakh to begin a new venture or business.
Of the complete Rs 10 lakh, Rs 5 lakh are the subsidy amount that the youth want to not return, the remainder Rs 5 lakh are a loan on easy interest of 1 percent, to be returned many installments.
“The difference between both schemes is 1 percent fee to be paid off by the youths on 5 lakh loan sum,” a businesses department official stated.
The schemes have been launched via videoconferencing out of’Sankalp’ hallway of this CM house.
The two deputy CMs Tar Kishore Prasad along with Renu Devi, businesses minister Shahnawaz Hussain, leader secretary Tripurari Sharan and several other senior officers were attached to this inaugural occasion throughout the video conferencing.
“The two new strategies, intended for the jobless youths and girls hailing from the upper castes and backward castes group, could be implemented on virtually similar pattern of their present Mukhyamantri SC/ST/EBC Udyami Yojana,” the businesses official said on Friday.
Speaking on the occasion, Nitish said the new strategies would encourage entrepreneurial growth and self-employment one of the girls and youths.
He said the condition would advance only when girls could work alongside guys.