Nitish Kumar Launches Mukhyamantri Udyami Yojana, Catalyzing Job Creation in Bihar

 

Nitish Kumar inaugurates a ceremony for the 'Mukhyamantri Udyami Yojana' at Bapu Auditorium, emphasizing its role in promoting entrepreneurship and providing employment opportunities for the youth in Bihar.

Under the Chief Minister Udyami Yojana, SC/ST, most backward, and women entrepreneurs are eligible for financial aid up to Rs 10 lakh, comprising a grant of Rs 5 lakh and an interest-free loan of up to Rs 5 lakh.

Beneficiaries from general and backward classes receive support under this scheme at a minimal interest rate of 1 percent, fostering a conducive environment for economic development.

The first installment of Mukhyamantri Udyami Yojana is disbursed to 9,247 beneficiaries for the financial year 2023-24, showcasing the government's commitment to creating new employment opportunities.

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