Scheme Parameters

Details

Scheme name

Bihar Laghu Udyami Yojana

Launched year

2024 (Feb)

Started By

CM Nitish Kumar

Objective

Provide employment opportunities to the youth of the state and increase economic development.

Beneficiary state

Bihar

Beneficiaries

Beneficiaries will be selected through a computerized randomization process.

Target Families

9.4 million poor families with a monthly income of less than ₹6,000.

subsidy amount

2 lakh (in 3 installments)

Duration of the Scheme

5 years

Department implementing the scheme

State Industries Department

Annual Estimated Expenditure

₹9.79 crore

Applicants age limit

18-50 years

Application mode

Online (started in july, 2024)

Benefits & Important Points –

• Aims to create self-employment opportunities.
• Providing employment and giving financial assistance to poor families.
• EBC students preparing for the Civil Services (Main) exam get a one-time grant of ₹30,000 from ₹75,000.
• At least one member of poor families can establish small businesses in sectors like handicrafts, textiles, salons, and eateries, among 63 available unit types.