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Time of India
a day ago
- Business
- Time of India
Nitish announces special packages for investors
Patna: CM Nitish Kumar on Saturday announced a four-point economic package aimed at encouraging entrepreneurs to set up industries in Bihar. Alongside this industrial push, he reiterated his govt's target of providing jobs and work opportunities to one crore young people through govt recruitment, private sector employment and self-employment initiatives over the next five years. The economic package, he said, would specifically benefit investors willing to establish industrial units in the state, supplemented by a range of existing incentives. The announcement was made on the CM's social media handle. Detailing the package, Nitish said, "The four-pronged economic package includes capital subsidy, interest subsidy and the doubling of the incentive money payable under the goods and services tax (GST). The arrangements would be made to provide land to the investors in every district, and the land would be given free of cost to them who will give more jobs." "If there is any dispute on the land allotted for establishing an industrial unit, it would be resolved. All these facilities would be given to those who establish industrial units in the next six months. Several other provisions besides these have also been made, which would be quite helpful for the investors and detailed notifications would be made separately," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo The CM added, "Our govt has already given govt jobs and created work opportunities covering 50 lakh youths in tune with the Saat Nishchay-2 framed in 2020," he wrote. "Now, our govt has fixed the target of covering one crore youths through govt jobs and work opportunities over the next five years (2025-30). The govt has been incentivising those interested in establishing industrial units, or deciding to work on self-employment, by providing them various kinds of facilities. Now, the govt will give a special economic package to entrepreneurs to open and establish industries in the state," he added. Explaining the larger objective, the CM said, "The aim of the govt behind making these initiatives is to promote setting up of more industries in the state and to see that youths acquire skills to become self-dependent and also get jobs for their better future." The announcement came a day after his Independence Day address at Gandhi Maidan in Patna, where he had reaffirmed his government's decision — already approved by the cabinet — to provide jobs and work opportunities to one crore youths between 2025 and 2030. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Krishna Janmashtami Wishes ,, messages , and quotes !
Time of India
13-07-2025
- Business
- Time of India
Nitish sets target of one crore jobs over next 5 years
Patna: CM Nitish Kumar on Sunday announced that his govt would provide jobs and employment opportunities to 1 crore youth in Bihar over the next five years, from 2025 to 2030. He also declared plans to establish a specialised skill university named after Bharat Ratna Jannayak Karpoori Thakur to strengthen vocational training and self-employment among the youth. The announcement assumes significance in the context of the upcoming assembly elections later this year. "In the next five years (2025 to 2030), we are setting a target to double our 2020-25 goal by providing govt jobs and employment to one crore young people," Nitish said in a post on social media platform X. "To achieve this, new job and employment opportunities will be created, particularly in the private and industrial sectors. A high-level committee is being formed to oversee this initiative," he added. The CM highlighted his govt's consistent efforts since 2005 to increase employment in Bihar. "Between 2005 and 2020, over eight lakh young people were given govt jobs in the state," he said. Nitish went on to explain that under the Saat Nishchay-2 programme, launched in 2020, the govt had initially resolved to provide 10 lakh jobs and another 10 lakh employment opportunities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo This target was later expanded to 12 lakh govt jobs and 38 lakh employment opportunities by Aug 2025, bringing the total to 50 lakh. "I am pleased to inform you that so far, 10 lakh young people have been given govt jobs and around 39 lakh have gained employment opportunities in the state. The target of providing over 50 lakh jobs and employment will certainly be achieved," Nitish added. "In line with this, we are now setting a new target to double the 2020-25 goal, aiming to provide jobs and employment to one crore youth between 2025 and 2030," he said. Highlighting ongoing efforts in skill development, the CM said, "Currently, under the Saat Nishchay, the state's youth are being provided with skill development training to connect them with self-employment. Over the next five years, this programme will be expanded." He added, "A skill university will soon be established for skill development training, to be named after Bharat Ratna Jannayak Karpoori Thakur. This will provide a new direction for the youth of the state." The JD(U) welcomed the announcements. Party spokesperson Arvind Kumar Nishad said, "The Nitish Kumar-led govt not only makes promises but also implements them at the grassroots level. Through the Jan Nayak Karpoori Thakur Skill University, Bihar will move in a new direction where every hand will have a skill and every youth will have an opportunity."
