Global media Update tech Update & Automobile Life Style & Entertainment
Union Finance Minister Nirmala Sitharaman has made special announcements for the people of Bihar in this year’s budget. Several key initiatives have been introduced specifically for Bihar, including a special package for farmers in the Mithilanchal region. The government will provide seeds to farmers in Bihar, and those engaged in pulse cultivation will receive special financial support. The Finance Minister stated that these measures would boost food processing activities across the eastern region, increase farmers’ incomes, and provide skill training and employment opportunities to the youth.
The budget also includes plans to expand hostel capacity at IIT Patna. It has been announced that additional infrastructure will be developed in five IITs, including IIT Patna. Moreover, Finance Minister Nirmala Sitharaman emphasized the provision of affordable loans for young entrepreneurs and students.
The Finance Minister has announced the establishment of the Bihar Makhana Board, which will provide assistance to makhana farmers. A special package has been allocated for those engaged in makhana cultivation. Additionally, a National Food Technology Entrepreneurship and Management Institute will be set up in Bihar to promote food technology education and business development.
The budget has also approved the expansion of IIT Patna, including the construction of a new hostel. To support startups, additional funds will be allocated, fostering entrepreneurship and innovation in the state. In the aviation sector, the budget proposes increasing the capacity of Patna Airport and the development of new greenfield airports in Bihar. These new airports will be in addition to the existing ones in Patna and Bihta. Furthermore, financial assistance has been allocated for the Western Kosi Canal project in the Mithilanchal region.
Another major announcement pertains to enhancing connectivity between smaller cities and the country’s 88 major airports. This will ensure improved air travel options for Bihar residents. The Finance Minister has also confirmed that Bodh Gaya will be developed as a significant tourism and cultural hub, attracting international visitors and boosting the local economy.
The budget initiatives for Bihar aim to transform the state’s economic and infrastructural landscape. The focus on agricultural support, startup funding, and improved connectivity is expected to create employment opportunities, enhance business growth, and improve the overall standard of living in the region.
Bihar’s agricultural sector will significantly benefit from the special packages for pulse and makhana farmers, ensuring financial stability and increased production. The establishment of the National Food Technology Institute will contribute to technological advancements in food processing, enabling farmers and entrepreneurs to expand their businesses.
The aviation sector will witness a major boost with the expansion of Patna Airport and the development of new greenfield airports. Improved air connectivity will attract more businesses, tourists, and investors to Bihar, fostering regional development.
The increased budget allocation for startups will encourage young entrepreneurs to establish their businesses in Bihar. With easy access to financial support and infrastructure, the startup ecosystem in the state is expected to thrive.
Additionally, the Western Kosi Canal project will provide much-needed irrigation support to farmers, improving agricultural output and rural livelihoods. Expanding educational institutions like IIT Patna will ensure that students have access to quality education and research facilities, ultimately contributing to the state’s intellectual and technological growth.
The Union Budget 2025 has introduced significant measures to support Bihar’s economic development, infrastructure growth, and employment generation. The focus on agriculture, education, aviation, and entrepreneurship reflects the government’s commitment to fostering progress in the state. These initiatives are expected to bring long-term benefits, enhancing Bihar’s position as an emerging hub for industry, technology, and tourism. With sustained efforts and proper implementation, Bihar is poised for remarkable transformation in the coming years.
Now retrieving the price.
(as of 7 February 2025 17:57 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)