The State Investment Promotion Board (SIPB) of Bihar is a crucial government body that plays a key role in attracting and facilitating investments in the state. Here’s a comprehensive overview of the SIPB: Function The SIPB acts as a central clearance agency for new business proposals in Bihar. It streamlines the approval process by offering…
Recently, the Union Cabinet approved the RAMP (Rising and Accelerating MSME Performance) scheme to enhance and expedite the performance of MSMEs (Micro, Small, and Medium Enterprises), which will commence in the financial year 2022-23. This initiative aligns with recommendations made by the UK Sinha Committee, the KV Kamath Committee, and the Prime Minister’s Economic Advisory…
A scheme called the Chief Minister Scheduled Caste and Scheduled Tribe Entrepreneur Scheme is being implemented to establish self-employment for educated, unemployed youth of Scheduled Castes and Scheduled Tribes. The implementation of this scheme will be carried out by the Bihar Startup Fund Trust. Here’s the translation of the provided criteria: Under the scheme, youth…
Munger district is one of the thirty-eight administrative districts of Bihar, India. Before the census of India in 1971, Munger was spelled as Monghyr. Before 1832, Munger formed a part of the Bhagalpur district. Since its inception, Munger has seen five districts carved off from its territory, including Saharsa in 1954, Madhepura in 1981, Begusarai…
The Bihar Textile and Leather Policy, 2022, signifies a strategic move by the Bihar government to foster the growth of the textile and leather industries within the state. Here’s an overview of the primary objectives of the policy: Key Provisions of the Policy The Bihar Textile and Leather Policy, 2022 contains several key provisions aimed…
Sheohar District is situated in the state of Bihar, India. It is a part of the Tirhut division bordered by the districts of Sitamarhi, Muzaffarpur, East Champaran, and Sitamarhi. The district is known for its agricultural landscape and is home to the Bagmati and Budhi Gandak rivers. History & Demographics Sheohar District was established on…
The Bihar Industrial Investment Promotion Policy, 2016, was launched by the Government of Bihar to transform the state into a more attractive investment destination. Here’s a breakdown of its key points – Vision & Mission Strategies Target Sectors The policy focuses on industries that can: Here are some of the priority sectors: Incentives Offered The…
Phase 6 of the Bihar Lok Sabha Election 2024 featured numerous constituencies preparing for important electoral battles. Here, we include detailed descriptions of crucial constituencies competing for success – Bihar Lok Sabha Election 2024 Phase 6 Key Candidates & Constituency Phase 6 of the Bihar Lok Sabha Election features intense competition and high stakes. The…
Bihar is progressing fast on the development track, with unrelenting efforts being made to strengthen infrastructure and promote industrial growth. The government of Bihar is committed to improving the competitiveness of the state’s economy and achieving inclusive growth. Start-ups and Innovation play a key role in economic growth. This can be realized by promoting innovation…
Patna District is located in the state of Bihar, India. It is the most populous district in Bihar and serves as the state’s capital city. Patna is situated on the banks of the River Ganga in the Magadh region. History & Demographics Patna, originally known as Pataliputra, has a rich historical background. It has been…
The government of Bihar unveiled its Textile and Leather Policy 2022 on June 8, with a slew of incentives designed to attract investment in these sectors. These incentives cover various aspects such as capital infusion, patent registration, skill enhancement, job creation, and assistance with power and freight expenses. Among the perks are a subsidy of…
Bihar has become the first state in the country to implement an ethanol promotion policy that would allow investors to directly make ethanol from maize, molasses, broken rice, and rotten grains. Bihar is all set to set up 17 new ethanol units. The state cabinet gave a go-ahead to the policy on Tuesday. The matter…
The Bihar Startup Policy 2017 was launched with the vision of making Bihar a hub for startups and entrepreneurs. Here’s a breakdown of the key features: Goals Pillars of the Bihar Startup Policy 2017 The policy rests on four main pillars – Key benefits for Startups Additional Initiatives The government organizes programs and workshops to…
To establish Bihar as the most preferred investment destination by leveraging the state’s comparative advantages, maximizing employment opportunities, and attaining a balanced regional and sustainable development, the Government of Bihar announced the Bihar Industrial Investment Promotion Policy, 2016, vide notification No.1822, Dated 01.09.2017. Further, The Bihar Industrial Investment Promotion Act, 2016, and The Bihar Industrial…