Bihar Chief Minister Nitish Kumar has launched two ambitious schemes christened as the ‘Mukhya Mantri Yuva Udyaymi Yojna’ and the ‘Mukhya Mantri Mahila Udyami Yojana. Both the schemes launched to promote entrepreneurship among youth and women of all sections under the state’s ‘Mukhaya Mantri Udyami Yojana scheme. The schemes were promised by the chief minister during the 2020 Bihar elections.
Youth and Women-irrespective of caste and creed, wishing to start entrepreneurship, will get a loan of Rs 10 lakh, in which Rs 5 lakh would be a grant from the state government and the rest Rs 5 lakh will come as a loan, refundable in 84 instalments. He also launched a portal on which youth and women from all sections can register themselves for availing of the loan from the government.
Important takeaways for all competitive exams:
- Chief Minister of Bihar: Nitish Kumar; Governor: Phagu Chauhan.