Bihar's Diwali Delight: NDA Unveils Economic Boost and Women Empowerment Package Ahead of Polls

As the Bihar assembly elections draw near, the National Democratic Alliance (NDA) government has rolled out a series of significant economic initiatives, aptly dubbed a "Diwali bonanza," aimed at stimulating the state's economy and empowering its citizens. These strategic announcements, including a notable GST reduction and substantial financial aid for women, underscore the government's commitment to development and its keen eye on the upcoming polls.

A major relief comes in the form of a reduced Goods and Services Tax (GST) on ethanol used in the manufacturing of hand sanitizers.

The GST rate has been slashed from a considerable 18% down to a mere 5%. This move is poised to deliver a significant boost to Bihar's agricultural and industrial sectors. For the state's cane growers, it translates into increased demand and better prices for their produce. Ethanol manufacturers, in turn, will benefit from a more favorable tax regime, potentially leading to expanded production and investment.

Beyond these direct beneficiaries, the initiative is expected to generate a substantial number of employment opportunities, further strengthening the rural economy, particularly during a period when economic resilience is paramount.

In a powerful stride towards women's economic empowerment, the NDA government has also announced a financial assistance package of Rs 10,000 for women associated with self-help groups (SHGs).

This transformative scheme targets an impressive 1.27 crore women, who are part of 10 lakh SHGs operating under the state's highly successful Jeevika scheme. The infusion of capital is designed to enhance their economic independence, provide a vital boost to their entrepreneurial ventures, and collectively uplift the financial well-being of countless households across Bihar.

This initiative not only recognizes the pivotal role women play in the state's development but also seeks to amplify their contributions to the local economy.

Bihar Deputy Chief Minister Sushil Kumar Modi highlighted the far-reaching impact of these decisions. He emphasized that the GST reduction on ethanol production would not only support the sugar industry but also provide a fillip to ancillary industries, fostering an ecosystem of growth.

Regarding the financial aid for women, Modi stated that empowering women through SHGs has been a cornerstone of the government's development agenda, and this new package is a testament to that unwavering commitment. Union Finance Minister Nirmala Sitharaman's presence and endorsement of these measures further solidify their importance at the national level.

These well-timed announcements, strategically positioned just before the festive season of Diwali and the crucial assembly elections, reflect a concerted effort by the BJP-JD(U) alliance to address key economic concerns and directly engage with significant voter demographics, particularly women and farmers.

The "Diwali bonanza" package is thus not merely a set of economic policies but a comprehensive vision for a more prosperous and empowered Bihar.