Bihar CM Nitish Kumar Launches Special Economic Packages to Create 1 Crore Jobs and Boost Investments

Bihar CM Nitish Kumar Launches Special Economic Packages to Create 1 Crore Jobs and Boost Investments

August 17, 2025

Bihar is ready for a big investment fiesta! On Saturday, Chief Minister Nitish Kumar surprised everyone with thrilling news for entrepreneurs and investors. In a lively post on X, the CM declared, "Our government has set a target to provide jobs and employment to one crore youths in the next five years." That’s a whopping 10 million new jobs! The plan is simple but powerful. The government will offer special economic packages to anyone who wants to start industries in Bihar. "Entrepreneurs setting up industries in Bihar will be given a special economic package," the CM announced. This move aims to light a fire under private sectors and get the wheels of industry turning fast. What’s in this exciting package? For starters, all incentives for capital subsidy, interest subsidy, and GST payments will be doubled! Imagine the relief for investors. Plus, land for industries will be arranged in every district. And here’s the grand deal – industries that create more jobs will get land absolutely free of cost. Can you believe it? Nitish Kumar also made a strong promise: "Disputes related to the land allocated for setting up industries will be resolved on a priority basis." That means no endless waits or headaches for business owners! This announcement builds on Bihar’s past success. Back in 2020, the state achieved a monumental goal of providing government jobs and employment to 50 lakh (5 million) youths under the Seven Resolves-2 initiative. Now, the target has doubled. The CM explained, "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." All these facilities are ready to kick in for industries set up within the next six months. A full detailed notification will come soon. So, if you're an investor or an entrepreneur looking for a golden opportunity, Bihar is rolling out the red carpet just for you! It's time to grab this chance and be part of Bihar's booming future.

Read More at Economictimes

Tags: Bihar, Nitish kumar, Economic package, Investment, Employment, Industries,

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