Industry in Bihar: You might find it hard to believe that land is available for just one rupee. But did you know it’s 100% true? The Nitish Kumar government in Bihar is giving away land for a token of one rupee. This land is not being given to farmers for farming, but for setting up industries.
If you’re planning to set up an industry in Bihar, you can acquire land for a token of one rupee. You’ll need to go through an application process. The deadline for applications has also been set. The government is giving away land for a token of one rupee with the aim of providing large-scale employment in Bihar. This will not only open up opportunities for earning money in Bihar but will also reduce migration.
How much will you need to invest?
Certain investment requirements have been set for acquiring land for one rupee. Land allocation will be based on investment and employment. Units with an investment of ₹100 crore and employing 1,000 people will be given 10 acres of land for a token of one rupee.
Additionally, individuals investing ₹1,000 crore will receive 25 acres of land. For Fortune 500 companies, 10 acres of land is allocated for investments of ₹200 crore. Furthermore, BIADA is offering up to 50% discount on land rates for other investors. The Bihar government’s message is clear: anyone wishing to invest will receive full support.
Learn about the benefits beyond land.
Setting up industries in Bihar will offer significant benefits beyond land. Investors will receive an interest subsidy of up to ₹40 crore. Additionally, investors will receive a 100% SGST refund or NET SGST reimbursement of up to 300% of the project cost for 14 years, or a 30% capital subsidy. Investors can choose any of these options based on their needs and can easily apply.
Learn how to apply
The application process for the scheme is online, requiring a few steps.
First, you must visit the official portal https://biada1.bihar.gov.in/.
You must then register in the Apply Online section.
Your name, address, and other information will then be entered.
Your email ID will serve as your login user ID.
After setting a password, you can complete the application.
The state government has also released a helpline number, 18003456214, for inquiries.
