Bihar disburses Rs 2,900 cr to 74,540 beneficiaries for promoting MSMEs

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Bihar disburses Rs 2,900 cr to 74,540 beneficiaries for promoting MSMEs - Business Standard

Quick Summary:

To promote innovation ecosystem and unlock the enormous entrepreneurial potential of the state, the Mukhya Mantri Udyami Yojana (MMUY) and Bihar Laghu Udyami Yojana (BLUY) were launched in 2018 and 2023 respectively focusing on promotion of MSMEs in the state.

The Bihar government is making serious efforts to give a fillip to small-scale and medium enterprises which would play a crucial role in the overall economic development of the state, a top official of the Industries department said.

Around Rs 2,900 crore have been disbursed to nearly 74,540 beneficiaries under two schemes, one of which was launched only last year, for promoting Micro, Small and Medium Enterprises ( MSMEs) in the state, the official said.