https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Bihar Small Entrepreneurs Scheme Empowers Youth and Fosters Self-Reliance

The entire process, from application to fund distribution, is carried out online, making it easily accessible to a wide range of applicants.
Indian Masterminds Stories

Patna: The Bihar Small Entrepreneurs Scheme is emerging as a key initiative in the state’s efforts to empower economically weaker sections and reduce unemployment. Launched on February 19, 2025, this program aims to encourage entrepreneurship among the youth by providing financial assistance and training, creating new opportunities for self-employment across Bihar.

Financial Assistance and Training to Boost Entrepreneurship

Under the scheme, eligible individuals can receive a grant of up to Rs 2 lakh, distributed in three installments. The first installment of Rs 50,000 is provided for setting up the business, followed by Rs 1 lakh as the second installment after the proper utilization of the first, and the final Rs 50,000 after the second installment has been effectively used.

For the financial year 2023-24, a total of 40,099 applicants have been selected, with the state having already disbursed Rs 390 crore as the first and second installments. In the current financial year 2024-25, 56,248 applicants have completed three days of training at their respective District Industry Centres. The first installment for these applicants will be released after their training, with a provision of more than Rs 300 crore allocated for this year.

A Step Towards Economic Growth and Employment Generation

The primary goal of the scheme is to foster self-reliance by assisting young entrepreneurs in setting up their own enterprises. By doing so, the initiative aims to contribute significantly to the economic development of Bihar while also playing a crucial role in reducing the unemployment rate.

The scheme offers a transparent and efficient application process, with random selection through computer software, ensuring fairness and eliminating any bias. The entire process, from application to fund distribution, is carried out online, making it easily accessible to a wide range of applicants.

Eligibility Criteria for Applicants

To apply for the Bihar Small Entrepreneurs Scheme, candidates must meet the following criteria-

  • Be a permanent resident of Bihar.
  • Be aged between 18 and 50 years.
  • Have a family income of less than Rs 6,000 per month.
  • No other member of the applicant’s family should be a beneficiary of the Mukhyamantri Uddyami Yojana or Bihar Small Uddyami Yojana.

Minister’s Statement on Empowering Youth

Industries Minister Nitish Mishra emphasized the importance of the scheme, calling it a “powerful medium for making the youth of Bihar self-reliant.” He stated, “Our goal is to ensure that every eligible individual receives the benefits of this scheme, thus empowering them to become self-reliant and contribute to the growth of our state.”

This initiative represents a strong step towards building a thriving entrepreneurial ecosystem in Bihar and addressing the challenges faced by the youth in terms of economic opportunity.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Tiger death in Karnataka
Shocking: 5 Tigers Found Dead in Karnataka’s MM Hills Sanctuary, Suspected Poisoning Sparks Outrage - Details Inside
NPCIL
Clean Energy Push: NPCIL Extends Bid Deadline to September 30 for Bharat Small Reactor (BSR) Co-Development
All India Officers IAS IPS IFS UPSC
IFS Ambarish Vemuri Appointed Deputy Secretary in PMO; IAS Ashish Srivastava’s Role Upgraded in SSC
Devinder Singh
Retired IRS Devinder Singh Kalyan Appointed Haryana’s State Election Commissioner Amid Controversy
Uttarakhand Lok Sewa Ayog UKPSC-lok-sewa-aayog
UKPSC PCS Prelims 2025 to Be Held on June 29: Advisory Issued Amid Monsoon & Traffic Concerns - Details Inside
SAIL resized
High-Level Meeting in New Delhi Paves Way for Major Expansion of SAIL’s Rourkela Steel Plant
Kerala-police-resized
Kerala DGP Appointment: UPSC Shortlists 3 Senior IPS Officers, Excludes ADGPs; State Govt to Choose New Police Chief - Details Inside
Critical Minerals
Unlocking North East’s Mineral Wealth: 2nd Mining Conclave Begins in Assam's Guwahati, Aimed at Sustainable Development in Northeast
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-06-25 at 5.07
Why Has the DGCA Fined Air India Rs 5 Crore Since Privatisation?
Former Diplomat Ashok Sajjanhar
Iran Is Weakest Now, Needs a Face-Saver
WhatsApp Image 2025-06-23 at 12.39
Retired Officers Lead 7-Day Mission to Revive Betwa River with 55 Check Dams | Video Interview
ADVERTISEMENT
UPSC Stories
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
WhatsApp Image 2025-06-18 at 10.31
"I Just Wanted to Breathe Again": The Man Who Fought Death and Made It to UPSC
Struck by COVID at the peak of his UPSC prep, Devanand Telgote spent months on ECMO, unsure he'd live,...
Social Media
Shailaja Chandra
“Nanis & Dadis Have a Brain”: Former IAS Officer Shailaja Chandra Weighs in on 1970s vs 2025 Life Debate - “This Generation Has It Better”
Responding to Viral Post on Middle-Class Struggles, Ex-Bureaucrat Offers Candid Reflection on Then and...
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Tiger death in Karnataka
Shocking: 5 Tigers Found Dead in Karnataka’s MM Hills Sanctuary, Suspected Poisoning Sparks Outrage - Details Inside
NPCIL
Clean Energy Push: NPCIL Extends Bid Deadline to September 30 for Bharat Small Reactor (BSR) Co-Development
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-06-25 at 5.07
Former Diplomat Ashok Sajjanhar
WhatsApp Image 2025-06-23 at 12.39
ADVERTISEMENT
ADVERTISEMENT