- Achieve annual industrial development growth rate of 15%
- Increase share of manufacturing sector to GSDP to 25% as envisaged in National Manufacturing Policy.
- Attract on-ground investment of Rs. 15000 crore.
- Create high-end infrastructure to attract investment in the state.
- Eradicate regional industrial imbalance by uniformly extending the benefits of investment to all geographical areas of state.
- Provide relatively more economic benefits to the priority sections of society such as SC, ST, Women, differently-abled, war widows, thirs gender, acid attack victims etc.
- Ensure that industries facilitate skill development of local people so as to achieve the target of 15 million skilled youths as per the “seven commitments” of the state government.
- Increase the competitiveness of MSMEs and adoption of “zero Defect Zero Effect” manufacturing practice.
The election manifesto of Mahagathbandhan (Grand Alliance) that swept to power in Bihar with 178 seats was based on Chief Minister Nitish Kumar’s 7-point agenda that has pledged an investment of over Rs 2.7 lakh crore ($40.8 billion) as against Prime Minister Narendra Modi’s promised package of Rs 1.25 lakh crore ($18.9 billion).
Nitish Kumar led Bihar government has following components under seven commitments (Saat Nishchay) :
- Road connectivity and solid drainage system for all (Planned budget Rs 78,000 crore)- The biggest share of planned expenditure is for roads. Bihar, home to 8.6% of India’s total population, has only 9% of total state highways in India. The agenda promises to connect every village with all-weather roads. This promise is above the Pradhan Mantri Gram Sadak Yojana(PMGSY, PM’s rural roads programme).
The central government allocated Rs 1,548 crore in 2014-15 for Bihar under PMGSY, according to Lok Sabha data.
- Continuous electricity for all (Planned budget Rs 55,600 crore)- A total of 2,139,709 households were electrifiedin Bihar under the 11th Plan (2007-12) as against a target of 3,828,477 households. The agenda promises that all houses in the remaining villages and habitations will have an electricity connection and get power in the next two years. Only 09 million households (16.4%) in Bihar had electricity as the main source of lighting, according to census 2011.
- Clean drinking water and sanitation for all (Planned budget Rs 47,700 crore)- Only 10% houses (9.4 million) in Bihar had drinking watersource within the house, and only 0.7% had tapped drinking water (0.8 million). Nitish’s plan is to connect 17.9 million rural households and 1.6 million urban households with water pipelines–a total of 19.5 million households in 5 years.
- Toilet in every home (Planned budget Rs 28,700 crore) – The agenda promises to build a toilet in every home without one by constructing 16.4 million toilets in rural areas and 0.75 million in urban areas for a total of 17.2 million toilets within five years. As many as 5million households in Bihar did not have latrines in their houses and 11.8 million did not have bathrooms, according to Census 2011.
- Youth employment and skill development (Planned budget Rs 49,800 crore) – After roads, the largest allocation is for youth and skill development. Although Bihar has a very low proportionof young people, unemployment (15- to-29 age group) is higher at 17.5% than the national average of 13%.
The agenda has concrete plans for the young:
* Unemployment benefit for youth between 20-25 years – a monthly allowance of Rs 1000/- for a maximum of nine months as they search for a job. Each youth can avail of this scheme twice.
* Provide 12th standard pass students credit card facilities for taking a bank loan of up to Rs 4 lakh with a 3% subsidy on the interest rate.
* Establish a venture capital fund of Rs 500 crore to provide start-up funds to young people who want to start manufacturing units.
* Employment centres for 15 million youth in all 38 districts of Bihar for basic computer education, language training and skill development.
- Better access to higher education (Planned budget Rs 10,300 crore) –Bihar currently has 22 functioning universities of which 21 are traditional universities and one is an open university. There were 278 government colleges and 387 local body colleges in 2013. There are currently only 10 engineering colleges in Bihar. The agenda promises to build five new medical colleges along with a nursing college in every medical college. Every district would also get an engineering college, an information technology (IT) institution for women, a poly-technic and a para-medical institution.
- Empowering women through reservation in government jobs –As a special package for women, the agenda promises 35% reservation for women in all state jobs, and to increase the existing 35% reservation for women in police sub-inspector and constable posts.