Bihar Government Schemes

Bihar, a state rich in culture and history, is also home to a large and diverse population. The Bihar government has consistently prioritized the welfare and development of its citizens, launching numerous schemes across various sectors. These initiatives aim to address social, economic, and educational challenges, fostering inclusive growth and improving the quality of life for all.

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What are Bihar Government Schemes?

Bihar government schemes are initiatives designed and implemented by the state government to address specific needs and challenges faced by the population. These schemes cover a wide range of sectors, including education, healthcare, social welfare, agriculture, infrastructure, and skill development. Their primary objectives are:

  • Social Welfare: Providing financial assistance and support to vulnerable groups, such as the elderly, women, and people with disabilities.

  • Economic Development: Promoting entrepreneurship, creating employment opportunities, and improving agricultural productivity.

  • Education: Enhancing access to quality education and reducing dropout rates.

  • Healthcare: Improving access to healthcare services and reducing maternal and infant mortality rates.

  • Infrastructure Development: Enhancing rural and urban infrastructure, including roads, water supply, and sanitation.

  • Empowerment: Empowering marginalized communities and promoting social inclusion.

List of Bihar Government Schemes

Below is the list of Bihar government schemes implemented throughout the state:

  1. Education Sector Schemes:

    Mukhyamantri Cycle Yojana:

    • This scheme provides bicycles to students, especially girls, in class 9. Its goal is to encourage higher secondary education and reduce the dropout rate, particularly in rural areas. The provision of bicycles eases the commute to schools, making education more accessible.

    Mukhyamantri Poshak Yojana:

    • Under this scheme, students from economically weaker sections receive financial assistance for school uniforms. This helps alleviate the financial burden on families and ensures that all children have access to basic school necessities, promoting equality in education.

    Mukhyamantri Medhavriti Yojana:

    • This scheme offers scholarships to meritorious students from backward classes and extremely backward classes. It aims to recognize and reward academic excellence, encouraging students to pursue higher education and contribute to the state's development.

    Bihar Student Credit Card Yojana:

    • The Bihar Student Credit Card Yojana is a government initiative by the Bihar state government aimed at providing financial assistance to students pursuing higher education. It offers educational loans of up to ₹4 lakh to students who have passed their 12th-grade examinations. This scheme is particularly designed to support students from economically disadvantaged backgrounds, enabling them to pursue various higher education courses, including technical, professional, and general studies.

    People also read: Government Schemes for Girl Child

  2. Social Welfare Schemes:

    Mukhyamantri Vriddhajan Pension Yojana:

    • This scheme provides a monthly pension to elderly citizens of Bihar, ensuring financial security during their old age. It offers a safety net for vulnerable seniors, helping them meet their basic needs and live with dignity.

    Mukhyamantri Kanya Utthan Yojana:

    • This comprehensive scheme aims to empower girls from birth to graduation. It provides financial assistance at various stages, including birth, immunization, school enrollment, and graduation. This initiative promotes girls' education, reduces child marriage, and enhances their overall well-being.

    Saat Nischay Yojana:

    • This flagship program encompasses seven key resolutions for Bihar's development:

      • Aarthik Hal, Yuvao ko Bal (Economic Empowerment, Strength to Youth): Focuses on skill development, employment generation, and entrepreneurship.

      • Aarakshit Rozgar, Mahilaon ka Adhikar (Reserved Employment, Women's Right): Ensures reservation for women in government jobs.

      • Har Ghar Nal Ka Jal (Tap Water to Every Household): Aims to provide clean drinking water to every household.

      • Har Ghar Tak Pakki Gali-Naliyan (Paved Roads and Drainage to Every Household): Focuses on improving rural infrastructure.

      • Shauchalay Nirman, Ghar Ka Samman (Toilet Construction, Respect for the Home): Promotes sanitation and hygiene by constructing toilets.

      • Bijli Lagatar (Continuous Electricity): Aims to provide an uninterrupted power supply.

      • Uchch Shiksha Hetu Suvidha (Facilities for Higher Education): Enhances access to quality higher education.

    Bihar Ration Card Scheme:

    • The Bihar government provides ration cards to eligible families, enabling them to access subsidized food grains and essential commodities through the Public Distribution System (PDS). This scheme aims to ensure food security for economically disadvantaged households.

    People also read: Sukanya Samriddhi Yojana

  3. Agricultural Schemes:

    Bihar Krishi Road Map:

    • This comprehensive roadmap outlines strategies for the development of the agriculture sector in Bihar. It focuses on increasing agricultural productivity, improving farmers' income, and promoting sustainable agriculture practices.

    Pradhan Mantri Kisan Samman Nidhi (PM-KISAN):

    • Although a central government scheme, it is implemented in Bihar. It provides financial assistance to small and marginal farmers, helping them meet their agricultural input costs.

    Bihar Fasal Sahayata Yojana:

    • This scheme provides financial assistance to farmers in case of crop loss due to natural calamities. It aims to provide a safety net for farmers, reducing their vulnerability to weather-related risks.

  4. Healthcare Schemes:

    Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY):

    • While a national scheme, it is implemented in Bihar, providing health insurance coverage to economically vulnerable families. This scheme aims to improve access to quality healthcare services and reduce out-of-pocket expenses.

    Janani Bal Suraksha Yojana (JBSY):

    • This scheme promotes institutional deliveries by providing financial assistance to pregnant women. It aims to reduce maternal and infant mortality rates.

Conclusion

The Bihar government's commitment to implementing a diverse range of schemes reflects its dedication to the holistic development of the state. These initiatives address critical challenges, empower vulnerable populations, and foster inclusive growth. By focusing on key sectors like education, healthcare, and infrastructure, the government is laying a strong foundation for a more prosperous and equitable future for Bihar

FAQs

  • How can I apply for Bihar government schemes?

    The application process varies depending on the specific scheme. You can obtain information and application forms from the relevant government departments, official websites, or local administrative offices.
  • Who is eligible for the Mukhyamantri Vriddhajan Pension Yojana?

    All elderly citizens of Bihar who meet the age criteria and other eligibility requirements are eligible for this pension scheme.
  • What is the purpose of the Saat Nischay Yojana?

    The Saat Nischay Yojana is a comprehensive program that focuses on seven key resolutions for the development of Bihar, including economic empowerment, infrastructure development, and social welfare.
  • How does the Bihar Student Credit Card Yojana help students?

    The Bihar Student Credit Card Yojana significantly aids students by:

    It offers loans of up to ₹4 lakh, enabling students from economically weaker sections to pursue higher education. The scheme supports various higher education courses, including technical, professional, and general studies, expanding students' educational opportunities. This financial assistance removes a major barrier to accessing quality education.

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^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).

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