The Bihar government has initiated a series of financial assistance schemes, especially to enhance the quality of life for citizens from deprived sections. These schemes aim to provide such persons with basic financial necessities, independent livelihood, and social welfare.

Financial assistance schemes are indispensable instruments in minimizing socio-economic inequality and raising the level of living standards. Apart from delivering economic relief instantly, such schemes promote long-term development by bringing education, skill up-gradation, and access to health services within easy reach. The wide-ranging and integrated nature of Bihar government schemes reflects a strong commitment toward social welfare and uplifts the most marginalized groups.

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Financial Assistance Schemes in Bihar

The Bihar state government has designed various financial assistance schemes categorized for the requirements of different sections of society. The following is a list of some of the main schemes operating currently.

Bihar CM National Family Benefits Scheme

• Objective: This scheme is to financially assist families in case of the death of the earning head. So families do not go into poverty due to sudden loss.
• Eligible: Permanent residents of Bihar living below the poverty line or having stayed in Bihar for the last 10 years.
• Amount of Assistance: One-time payment of ₹20,000 is given to eligible beneficiaries.
• Mode of Payment: The Direct Benefit Transfer system directs the amount to the bank accounts of beneficiaries.

Mukhyamantri Nischay Swayam Sahayata Bhatta Yojna

• Objective: This plan offers a monthly stipend to educated unemployed youth for sustenance while they are looking for employment or establishing their own businesses.
• Eligibility: The applicant must be a permanent resident of Bihar, between 20 and 25 years old, and must have completed 12th grade.
• Amount of Assistance: Beneficiary youth get ₹1,000 per month for a maximum period of two years.
• Mode of Payment: Payments are made directly to the beneficiaries' bank accounts.

Mukhyamantri Vridhjan Pension Yojana

• Objective: Provide monthly financial support to aged citizens who are 60 years and above.
• Benefits: Eligible beneficiaries receive ₹400 a month, which increases to ₹500 for those aged 80 years and above.
• Eligibility: Permanent residents of Bihar aged 60 and above with no other government old age pension.

Kushal Yuva Program

• Objective: This program is focused on skills development for the youth of Bihar, which falls between the ages of 15-25 years, to raise their employability in each sector.
• Eligibility: Any youth in the state of Bihar within these age brackets.
• Training Provided: Free skill development training in diverse courses.

Bihar State Backward Classes Finance and Development Corporation Schemes

This company has in place various plans targeted at the educational and economic development of backward classes:

• Pre Matric Scholarship Scheme for OBC Students.
• Po- Schemes for OBC Students Post-Matric Scholarship.
• Hostel schemes for OBC students.

Chief Minister Aam Aadmi Bima Yojana

• Objective: To give insurance coverage to the poor family.
• Eligibility: The family whose annual income is less than ₹1 lakh.
• Insurance Coverage: ₹2 lakh in case of natural death and ₹1 lakh in case of accidental death.

Bihar Rajya Fasal Sahayata Yojna

• Objective: To give financial help to the farmer who suffered losses due to natural calamities.
• Eligibility: Farmer who has registered under this scheme and faces losses due to bad weather or disaster.

Read Our Blog: Financial Assistance Schemes of the Andhra Pradesh Government

Application Process for Financial Assistance Schemes (Bihar)

The application procedure for these financial assistance schemes is user-friendly and accessible. The following are the key elements involved:

• Eligibility Check: Before making an application, applicants need to check their eligibility for every scheme. This way, only those who qualify under specific criteria can apply for aid.
• Preparation of Documents: The applicant needs to prepare documents such as- identity proof (Aadhaar card), income statements, educational certificates in case of student schemes, and other relevant documents that are needed.
• Online Application Portal: Most schemes offer an online application portal where the user can fill up forms electronically. This reduces the dependence on paper-based documents and makes it more convenient to submit them.
• Submission and Confirmation: Once the application form is completed online, candidates submit it through the portal. Most schemes give applicants a confirmation receipt number so they can track their submissions.
• Follow-Up: In case of not receiving updates on time, some applicants may require follow-up on their applications. Many schemes include a tracking system where applicants can log in to check the status of their applications online.

Benefits of Financial Assistance Schemes

The financial assistance schemes of the Bihar government offer several benefits:

• Economic Aid: These schemes provide vital economic aid, which enables people to satisfy their needs for food, medicine, and education expenditure, thereby reducing the level of financial stress.
• Empowerment and Self-Reliance: Financial aid empowers individuals to acquire the necessary resources to become self-reliant, and one can start small businesses or invest in education.
• Social Inclusion: It focuses on underprivileged groups such as women, handicapped persons, and low-income families to promote social inclusion, with equitable access to scarce resources.
• Improved Standards of Living: Financial provisions have improved the living standard significantly. The beneficiaries can manage to spend more on their health care, education, and nutrition, which subsequently benefits the family's well-being.
• Education and Skill Building: Several schemes provide funding directly into the hands of those interested while contributing to the general making of a more skilled populace for Bihar.

Read Our Blog: Financial Assistance Schemes of the Delhi Government

Impact on Society

The financial assistance programs of the Bihar government have brought a significant change in society through the following means:

• Poverty Reduction: Direct financial assistance has greatly reduced the percentage of poverty among low-income families in Bihar.
• Health Care Facilities: Financial assistance has enabled access to necessary health care services for economically weaker sections.
• Women Empowerment: Targeted schemes have empowered women to participate in economic activities and household decision-making processes.
• Community Resilience: The ability of the community to come back from a disaster much faster through financial assistance.
• Promotion of Entrepreneurship: Credit and training provided for small business support stimulate local economic growth.

Conclusion

The financial aid programs of the Bihar government have been a significant enabler in the progress of social welfare and inclusion across various segments. It helps in empowering vulnerable groups such as elderly persons, persons with disabilities, women, and the poor to grow and develop while solving pressing socio-economic issues.

As Bihar continues to move towards balanced development, cooperation between government authorities, NGOs, and the people will be crucial in addressing the issues to get maximum benefits from the financial assistance programs. As the commitment from all the parties-government officers, NGOs, and community leaders will continue, the state will do more to achieve an integrated society where each individual gets equal opportunities to move forward in life.