Current Affairs - Bihar

Bihar Govt. launches two New Schemes for Promoting Entrepreneurship among Youth

The Govt. of Bihar has launched two schemes christened as the 'Mukhya Mantri Yuva Udyaymi Yojna' and the 'Mukhya Mantri Mahila Udyami Yojna' to promote entrepreneurship among youth and women of all sections under the state's 'Mukhaya Mantri Udyami Yojna' scheme.
Earlier, 'the Mukhya Mantri Udyami Yojna' was started in 2018 and limited to the members of SC, ST and the extremely backward classes (EBCs).
From now on, 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 loan, refundable in 84 installments.

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