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

Module 22: Investment Promotion Policy 2016, Start-Up Policy 2017 & Sand Mining Policy 2019

📖 Chapter 2 of 10 🧩 Module 26 of 32 ⏱️ ~2 min read 💡 1 MCQs
Topic Part 1 of 2

Bihar Industrial Investment Promotion Policy, 2016:

  • 100% stamp duty reimbursement on industrial land lease/transfer.
  • 100% reimbursement of Land Convertibility Fees (agricultural to industrial).
  • Interest subsidy up to 10 percent (limit Rs. 10.00 crore) on term loans; 12 percent interest subsidy for micro and small units.
  • 100% reimbursement of deposited VAT/CST/Entry Fee for 5 years (up to 130% for micro/small units).
  • Additional 15 percent subsidy for SC, ST, women, third gender, war widows, acid attack victims, and differently-abled entrepreneurs.

Bihar Start Up Policy, 2017:

  • Creates an enabling startup ecosystem; Rs. 500 crore venture capital fund.
  • Beej Anudan (Seed Fund): Up to Rs. 10 lakh interest-free grant to young entrepreneurs for prototypes, research, and marketing.
  • 5-year license/registration compliance exemption from various state inspections.

Bihar Sand and Mining Policy, 2019:

Focuses on: (1) environmentally sustainable extraction, (2) availability of quality sand at reasonable prices for construction, and (3) generating employment by increasing the number of settlees. Enacted along with Bihar Mining, Transportation & Storage Rules 2019, repealing old 1972 and 2003 frameworks.

⭐ Key Points
  • 100% stamp duty reimbursement on industrial land lease/transfer.
  • 100% reimbursement of Land Convertibility Fees (agricultural to industrial).
  • Interest subsidy up to 10 percent (limit Rs. 10.00 crore) on term loans; 12 percent interest subsidy for micro and small units.
  • 100% reimbursement of deposited VAT/CST/Entry Fee for 5 years (up to 130% for micro/small units).
  • Additional 15 percent subsidy for SC, ST, women, third gender, war widows, acid attack victims, and differently-abled entrepreneurs.
📌 One-line Q&A
  • ______ stamp duty reimbursement on industrial land lease/transfer. — 100%
  • ______ reimbursement of Land Convertibility Fees (agricultural to industrial). — 100%
  • Interest subsidy up to ______ percent (limit Rs. 10.00 crore) on term loans; 12 percent interest subsidy for micro and small units. — 10
  • ______ reimbursement of deposited VAT/CST/Entry Fee for 5 years (up to 130% for micro/small units). — 100%
  • Additional ______ percent subsidy for SC, ST, women, third gender, war widows, acid attack victims, and differently-abled entrepreneurs. — 15
Questions 1 MCQs

Answer this question, then use Next.

What is the maximum seed grant (Beej Anudan) provided to startups under the Bihar Start Up Policy 2017?

The policy provides seed funding of up to Rs. 10 lakh for initial prototyping and marketing.
Question 1 of 1

One-liners

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

______ stamp duty reimbursement on industrial land lease/transfer.

100%

______ reimbursement of Land Convertibility Fees (agricultural to industrial).

100%

Interest subsidy up to ______ percent (limit Rs. 10.00 crore) on term loans; 12 percent interest subsidy for micro and small units.

10

______ reimbursement of deposited VAT/CST/Entry Fee for 5 years (up to 130% for micro/small units).

100%

Additional ______ percent subsidy for SC, ST, women, third gender, war widows, acid attack victims, and differently-abled entrepreneurs.

15