The Bihar government is taking fresh steps to promote self-employment across the state.
As part of this effort, special loan camps will be organised in all districts from February 6 to March 12.
These camps aim to provide instant approval of business loans under major central government schemes.
The initiative is being led by the Industries Department, and around 2.5 lakh people are expected to benefit.
Contents
Which Schemes Are Covered in These Camps?
Loans will be approved under three major central government schemes:
Pradhan Mantri Micro Food Industries Upgradation Scheme (PMFME)
Pradhan Mantri Employment Generation Programme (PMEGP)
PM Vishwakarma Yojana
In addition, loans under other schemes of the Bihar Industries Department will also be processed.
Applications will be checked and approved directly at the camps to speed up the process.
How Will These Loan Camps Work?
Camps will be organised in every district of Bihar.
Officials from the Industries Department, district administration, Jeevika groups, and senior bank officials will be present.
Their role is to verify applications on the spot and ensure that eligible applicants receive quick loan approvals for starting their businesses.
PMEGP: Loan Up to ₹50 Lakh With Subsidy
Under the Prime Minister Employment Generation Programme (PMEGP), youth can start micro, small, or medium enterprises in urban or rural areas.
Key benefits include:
Business loans of up to ₹50 lakh
Subsidy up to 35 percent
Women, persons with disabilities, and candidates from SC, ST, and OBC categories are eligible for higher subsidy benefits.
PM Vishwakarma Yojana: Support for Traditional Artisans
The PM Vishwakarma Yojana focuses on helping traditional artisans improve their skills and income.
Benefits under this scheme include:
Free toolkit worth up to ₹15,000
₹500 per day as training allowance
Loan support of up to ₹3 lakh
PMFME Scheme: Subsidy for Food Processing Units
Under the PM Micro Food Industries Upgradation Scheme, applicants who have passed at least Class 8 can apply.
This scheme supports the setting up of food processing units and offers:
Government loan support
Credit-linked subsidy up to ₹10 lakh
A Big Push for Self-Employment in Bihar
With on-the-spot approvals and multiple schemes under one roof, these camps are expected to make it easier for people to start their own businesses.
For those planning to become self-employed, this could be a valuable opportunity to get quick financial support without long delays.