Bihar has bagged the second prize in National MSME Award 2022 to States/UTs for outstanding contributions to the promotion and development of the Micro, Small and Medium enterprises (MSME) sector. PM Narendra Modi will give the award in a function to be organised by Ministry of Micro, Small and Medium Enterprises at Delhi on June 30.
The minister claimed that the Mukhyamantri Udyami Yojna(MUY) was limited to SC/ST only at the time of its launch in 2018 but it has been inclusive of the Backward, Extreme backward, general and Women category from financial year 2021-22.
The scheme has proved to be very effective in including youths of Bihar to the path of states industrialization. In the fiscal 2021-22, 16,000 beneficiaries were selected under Mukhyamantri Udyami Yojna who are given financial assistance of Rs10lakh, Shahnawaz said.
Shahnawaz said 25% of Industrial land ofBihar Industrial Area Development Authority(BIADA) is reserved for MSME units.
He claimed that Growth of 171.67% has been registered under MUY in fiscal 2021-22 as compared fiscal 2019-20.
The first and third prizes in the National MSME Award 2022 have been achieved by Odisha and Haryana respectively.