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Bihar Targets One Crore Livelihoods, Prioritizes Local Products in Procurement
Bihar wants more people to find work by starting businesses or getting jobs in the state.
Chief Minister Samrat Choudhary said the goal is to create opportunities for one crore people by 2030.
The government plans to give preference to goods made in Bihar when it buys products, as long as they meet quality rules.
It also wants more local businesses to get a chance to work on government projects.
At a programme in Patna, about 7,000 people received instalments of financial help for their businesses.
The Mukhyamantri Udyami Yojana can provide up to Rs 10 lakh to eligible applicants.
The government says growing small businesses and local production can help create jobs and reduce migration for work.
It encouraged entrepreneurs to list products on the Government e-Marketplace and take part in public procurement.
Chief Minister Samrat Choudhary said Bihar aims to create employment opportunities for one crore people by 2030.
The government will give procurement preference to Bihar-made products that meet prescribed quality standards.
For tenders worth up to Rs 50 crore, eligible Bihar-based bidders ranked L2, L3 or L4 may be considered at the L1 rate.
Around 7,000 Mukhyamantri Udyami Yojana beneficiaries received a first or subsequent financial-assistance instalment at the Patna programme.
The scheme offers eligible beneficiaries up to Rs 10 lakh in assistance, comprising up to Rs 5 lakh as a grant or subsidy and up to Rs 5 lakh as a loan.
- Who
- Bihar Chief Minister Samrat Choudhary and beneficiaries of the Mukhyamantri Udyami Yojana.
- What
- The government announced measures to promote local manufacturing, entrepreneurship and employment, alongside financial instalments for about 7,000 beneficiaries.
- Where
- Bapu Sabhagar in Patna, Bihar.
- When
- Thursday; the stated employment target is by 2030.
- Why
- To expand local businesses and manufacturing, create employment in Bihar, and reduce migration driven by a lack of livelihood opportunities.
Key facts
- Employment target
- Employment opportunities for one crore people by 2030.
- Beneficiaries paid
- Around 7,000 received their first or a subsequent instalment at the programme.
- Entrepreneurship initiative
- The government says it is preparing around 45,000 new entrepreneurs.
- Scheme assistance
- Up to Rs 10 lakh per eligible beneficiary: up to Rs 5 lakh as a grant or subsidy and up to Rs 5 lakh as a loan, subject to scheme conditions.
- Initiative funding
- Around Rs 3,500 crore has been earmarked for the initiative, according to the government.
- Procurement preference
- Qualifying products manufactured in Bihar are to receive priority in government procurement; reports cited in the article put the assured purchase share at 25 per cent.
- Tender provision
- For tenders up to Rs 50 crore, Bihar-based bidders ranked L2, L3 or L4 could be considered if they agree to execute the work at the L1 rate.
Sources
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