Bihar Startup Policy
in Bihar
Last updated:
Key dates and updates (Bihar)
Nationwide and Bihar-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Bihar Startup Policy in Bihar
Bihar Startup Policy is a government scheme available to eligible residents of Bihar.
Apply for Bihar Startup Policy in Bihar
Scheme Overview
This is a policy for entrepreneurs to boost entrepreneurship in the state of Bihar and it was launched in July 2022 .
Eligibility Criteria
Up to a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008).
Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
The entity is working towards innovation, development or improvement of products or processes or services, or it is a scalable business model with a high potential for employment generation or wealth creation.
Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Start-up’.
Provided Start-up must be incorporated or registered in Bihar and have an office in Bihar.
Provided further applicable taxes from the operations of the company are payable in Bihar.
Benefits
Bihar’s startup policy was launched in Bihar in the month August 2022 to boost entrepreneurship in the state.
Young Bihar entrepreneurs would get a loan of 10 lacks without interest for ten years. This sum will be allocated as seed money under the Bihar Startup Policy.
Enhanced incentives of 5 per cent for female entrepreneurs, in addition to a grant of 3 lakh rupees for businesses that participate in “rigorous training for product improvement and finance.”
In addition to shared office space, there are financial incentives and other amenities available.
Created a startup platform for young business people in the state of Bihar who is interested in taking advantage of the policies and programs available to them.
Required Documents
| # | Document |
|---|---|
| 1 | Valid Email ID (the email should be valid for at least 1 year). |
| 2 | Mobile no. linked with Aadhar. |
| 3 | Passport size photo. |
| 4 | Scanned Image of |
| 5 | Aadhar card and Pan card. |
| 6 | Caste certificate (Not required for general category). |
| 7 | Educational qualification Certificate. |
| 8 | Proof of entity (If the entity is registered). |
| 9 | Balance Sheet. |
| 10 | Given format filled with details and signature. |
How to Apply in Bihar
To register for the Bihar Startup Policy, applicants have to open the official website. Now from the homepage, select the register option. A new page will appear on the screen and read all the instructions carefully and move forward. Answer the 8 …
Online — https://startup.bihar.gov.in/ To register for the Bihar Startup Policy, applicants have to open the official website. Now from the homepage, select the register option. A new page will appear on the screen and read all the instructions carefully and move forward. Answer the 8 questions out of 10. After answering the question, the registration form will appear on the screen. Enter the details in the application form and click on the submit option. Registration will be done successfully. Take a printout of the application form.
Common questions in Bihar
Who can apply for Bihar Startup Policy in Bihar?
Eligible residents of Bihar who meet the scheme’s overall criteria can apply for Bihar Startup Policy. Refer to the eligibility section above for the complete checklist.
What documents are required for Bihar Startup Policy in Bihar?
Applicants in Bihar typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Bihar Startup Policy?
Key dates are summarized in the table on this page, from 29 July 2022 through 29 July 2022, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
This is a policy for entrepreneurs to boost entrepreneurship in the state of Bihar and it was launched in July 2022.