Why in News?

=> The state cabinet, chaired by Chief Minister Nitish Kumar on May 26, 2022, approved the proposal to implement the Bihar Industrial Investment Promotion Policy (Textiles and Leather), 2022.

Key Points:

=> A total of 18 proposals including Bihar Industrial Investment Promotion Policy were approved in the state cabinet meeting.

=> State Industries Minister Shahnawaz Hussain said that through this policy, Bihar will be established as a hub in the field of textile and leather industry.

=> The state government will provide a grant of up to Rs.10 crore to entrepreneurs and investors who want to invest in the textile and leather industry in Bihar.

=> Apart from this, the government will also provide a salary support of three thousand to five thousand rupees per month to the workers working in these industries.