In a quote to promote financial investments in Bihar, Chief Minister Nitish Kumar on Saturday revealed a number of “special economic packages” for the financiers.
The CM revealed the federal government’s choice in a social networks post.
In a post on X, he composed, “Our government has set a target to provide jobs and employment to one crore youths in the next five years. The government is encouraging those setting up industries and pursuing self-employment in the state by providing various facilities.”
“Now, entrepreneurs setting up industries in Bihar will be given a special economic package. To encourage private sectors to set up industries in Bihar, the government has decided to provide a special economic package,” he included.
All these centers will be supplied to business owners for establishing markets within the next 6 months. In addition, numerous other arrangements have actually been made to substantially help business owners establishing markets in the state. An in-depth alert in this regard will be provided individually, the CM stated.
“The special economic packages for the investors/entrepreneurs include: The incentive amount provided for capital subsidy, interest subsidy, and GST will be doubled. Land will be arranged in all districts for setting up industries, and industries providing more employment will be given land free of cost. Disputes related to the land allocated for setting up industries will be resolved on a priority basis,” Kumar included.
“In 2020, under the Seven Resolves-2 initiative, our government fulfilled the target of providing government jobs and employment to 50 lakh youths. Now, our government has set a target to provide jobs and employment to 1 crore youths in the next 5 years. The objective of this initiative by the state government is to promote industries in Bihar, ensure that the youth of Bihar become skilled and self-reliant, have access to maximum employment opportunities, and secure their future,” the CM stated.