What's Happening?
Bihar Chief Minister Nitish Kumar has expanded the Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana to include unemployed graduates from Arts, Science, and Commerce streams. Eligible graduates aged 20 to 25 will receive Rs. 1,000 monthly for two years. This initiative aims to support young individuals not enrolled in higher education and actively seeking employment, allowing them to pursue training and prepare for competitive exams.
Why It's Important?
The expansion of the allowance scheme is a strategic move to address graduate unemployment in Bihar, providing financial relief and empowering youth to enhance their employability. It reflects the government's commitment to youth-centric policies and aims to bridge the gap between education and employment. This initiative could reduce economic pressure on unemployed graduates and contribute to the state's development by fostering a skilled workforce.
What's Next?
The scheme's expansion is likely to garner support from the youth ahead of the Bihar Assembly elections, reinforcing the government's image as welfare-oriented. It may lead to increased participation in skill development programs and competitive exams, potentially boosting employment rates. The government may continue to introduce similar initiatives to further support youth empowerment and development.
