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📈 Economy of Bihar (Civil Services Prep) Topic 5.3: Industries in Bihar (Complete Unabridged Modules)

Module 21: Industrial Policies - Incentive Policy 2011 & Promotion Act 2016

📖 Chapter 2 of 10 🧩 Module 25 of 32 ⏱️ ~2 min read 💡 1 MCQs
Topic Part 1 of 2

Bihar Industrial Incentive Policy, 2011:

Aimed at balanced regional development. Highlights include: 100% stamp duty and registration fee exemption in the pre-production phase; capital subsidies; inclusion of Entry Tax in 80% VAT reimbursement; diesel generator / captive power subsidies; reimbursement of project preparation and quality certification costs.


Nine Priority Thrust Areas Identified:

  1. Food Processing
  2. Agriculture-based Industries
  3. Tourism-related Industries
  4. Super Speciality Hospitals
  5. Higher/Technical Educational Institutions
  6. Information Technology (IT) based Industries
  7. Electronic Hardware Industry
  8. Textile Industry
  9. Energy / Non-Conventional Energy

Bihar Industrial Investment Promotion Act, 2016:

  • Registration is voluntary, except where required by the IDRA Act 1951.
  • Common Application Form online; statutory clearances within 30 days.
  • Self-certification provisions for clearance documents.
  • Deemed Clearance: Automatic approval if clearances are delayed beyond 30 days.
⭐ Key Points
  • Registration is voluntary, except where required by the IDRA Act 1951.
  • Common Application Form online; statutory clearances within 30 days.
  • Self-certification provisions for clearance documents.
  • Deemed Clearance: Automatic approval if clearances are delayed beyond 30 days.
📌 One-line Q&A
  • Registration is voluntary, except where required by the IDRA Act ______ — 1951.
  • Common Application Form online; statutory clearances within ______ days. — 30
  • Deemed Clearance: Automatic approval if clearances are delayed beyond 30 days.
Questions 1 MCQs

Answer this question, then use Next.

Under the Bihar Industrial Investment Promotion Act 2016, within how many days must statutory departmental clearances be granted?

All clearances must be provided within 30 days, failing which deemed clearance applies.
Question 1 of 1

One-liners

Write your answer, then submit to see the correct answer.

Registration is voluntary, except where required by the IDRA Act ______

1951.

Common Application Form online; statutory clearances within ______ days.

30

Deemed Clearance: ______

Automatic approval if clearances are delayed beyond 30 days.