Bihar Government Expands Self-Help Scheme to Support Graduate Youth With Monthly Allowance

What's Happening?

The Bihar government has announced an expansion of the Chief Minister’s Self-Help Allowance Scheme to include unemployed graduates. Initially launched in 2016, the scheme was part of the Good Governance Programme and aimed at providing financial support to young people who had completed their 12th standard but were not pursuing further studies. The recent expansion now includes graduates from arts, science, and commerce streams, offering them Rs 1,000 per month for up to two years as they seek employment or start their own ventures. The scheme is part of the Saat Nishchay-2 programme and is expected to benefit around five lakh individuals annually, with a budget allocation of approximately Rs 600 crore each year. Additionally, beneficiaries will receive free skill development training to enhance their employability.

Why It's Important?

This expansion is significant as it addresses the financial challenges faced by unemployed graduates in Bihar, providing them with a safety net while they search for jobs. By including graduates, the scheme aims to reduce youth unemployment and encourage self-employment, thereby contributing to the state's economic development. The initiative also underscores the government's commitment to supporting youth through education and skill development, which is crucial for building a skilled workforce. The financial assistance and training provided under the scheme are expected to boost the confidence of young graduates, enabling them to contribute more effectively to the state's economy.

What's Next?

The Bihar government has taken steps to ensure widespread awareness of the scheme by distributing information to universities, district officers, and other relevant entities. Eligible youth can apply online or visit designated centers for more information. The government will likely monitor the scheme's impact on employment rates and may consider further expansions or modifications based on its success. Stakeholders, including educational institutions and employment agencies, are expected to collaborate with the government to maximize the scheme's reach and effectiveness.