Imagine, you have a great business plan ready, but high land prices ruin everything. But now this will not happen in Bihar! The state government has launched a new scheme, which promises to take the industry sector to new heights by making land available to investors at rock-bottom prices. This step will not only strengthen the local economy but will also open doors of employment for thousands of youth. Let us know the whole story of this scheme and how it can turn your dreams into reality.
Background and objectives of the scheme
Bihar, which was once known as an agricultural state, is now rapidly moving towards becoming an industrial hub. Over the past few years, the contribution of industries to the state’s GDP has increased to close to 20%, but the unemployment rate still remains above 10%. To overcome this problem, the government launched ‘Bihar Industrial Investment Promotion Package 2025’. The main goal of this package is to attract big investors, so that new factories are set up in the state and local people get jobs.
Economic experts believe that this scheme is the need of the hour. Dr. Rajesh Sharma, a leading economist from Mumbai, says, “There is no shortage of land in states like Bihar, but there is shortage of investment. This Re 1 scheme will increase the confidence of investors and can make the state the manufacturing hub of North India.” Last year, foreign investment in Bihar increased by 15%, and this scheme is expected to double this figure.
Who can take advantage of this scheme?
This scheme is not for everyone, but is designed for investors who can contribute in a larger manner. If your company invests Rs 100 crore and employs at least 1,000 people, you can get 10 acres of land at a nominal price of just Re 1. At the same time, if the investment reaches Rs 1,000 crore, then the benefit of 25 acres of land will be available.
The rules are easier for big companies. If you are included in the Fortune 500 list, you can get 10 acres of land with an investment of just Rs 200 crore. There is relief for small investors too – Bihar Industrial Area Development Authority (BIADA) is offering up to 50% discount on its lands. These conditions ensure that the benefits of the scheme are availed only by those who can bring real change to the economy of the state.
Other benefits other than land
The government is not stopping just by giving land; She is supporting the investors in every way. The scheme includes an interest subsidy of up to Rs 40 crore, which will reduce the cost of the loan. Additionally, there will be significant tax relief – 100% state GST refund or net SGST reimbursement up to 300% of the project cost, which will last for 14 years.
Apart from this, there is also an option of 30% capital subsidy, which will make it easier to start new industries. Sushil Kumar, an industry expert, says, “These facilities will help investors reduce risks. This can lead to a boom in sectors like automobile, food processing and IT in Bihar.” Overall, this package will prove beneficial to investors in the long run.
Why is this scheme important and its impact
This scheme is not just about distributing land; This is the blueprint to change the economic picture of Bihar. Every year lakhs of youth in the state go to other states in search of jobs, but now migration will stop due to increase in employment at the local level. It is estimated that in the next 5 years it can create more than 50,000 jobs, which will also develop rural areas.
If seen at the national level, this scheme will become an example for other states. This will strengthen India’s ‘Make in India’ initiative and foreign companies will move towards India. However, there are challenges – such as improving infrastructure – but this step by the government is the beginning of positive change.
How to Apply: Step-by-Step Guide
The good thing is that the application process is completely digital, so you don’t have to worry about paperwork. Biada’s website to get started Go to. Register there in the ‘Apply Online’ section – enter your name, address and email, which will become your user ID. Set the password and fill the form.
If you have any queries, call the helpline 18003456214. View details of available lands in the ‘Land Bank’ section on the portal, where details of ‘Plug and Play’ sheds are also available. These are ready-to-use features that will let you start your business immediately. Remember, the application deadline is March 31, 2026 – hurry up!
This scheme is an opportunity to establish Bihar firmly on the industrial map. If you are an investor, this can prove to be a big opportunity for you. Check the official portal for more details and give flight to your business dreams.
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