About this business scheme
This is a policy for entrepreneurs to boost entrepreneurship in the state of Bihar and it was launched in July 2022 .
The government of Bihar is making continuous efforts to improve the economy. In this process, the Bihar government has started the Bihar Startup Policy. This policy is to boost entrepreneurship in the state of Bihar. The primary objective of this startup policy is to accelerate the growth of the MSMEs sector in Bihar.
Benefits at a glance
| Scheme name | Bihar Startup Policy (BSP) |
|---|---|
| Launched by | Department of Industries |
| Launch year | 2022 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Bihar |
| Official portal | startup.bihar.gov.in (link at the end of this page) |
Key facts
| Scheme for | Infra |
|---|---|
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| Age | 5 to 80 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 5 to 80 years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- 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.
Who qualifies
- 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.
Papers to keep ready
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Registration walkthrough
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.
Important dates
| Launch / start | 29 Jul 2022 |
|---|
Frequently asked questions
What is Bihar Startup Policy ?
This is a policy for entrepreneurs to boost entrepreneurship in the state of Bihar and it was launched in July 2022.
Who may get the scheme benefits ?
Business entities from Bihar State.
What are the benefits under Bihar Startup scheme ?
1. Bihar’s startup policy was launched in Bihar in the month August 2022 to boost entrepreneurship in the state.
2. 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.
3. 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”.
4. In addition to shared office space, there are financial incentives and other amenities available.
5. 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.
Who may apply for Bihar Startup scheme ?
1. 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).
2. Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
3. The entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential for employment generation or wealth creation.
4. Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Start-up’.
5. Provided Start-up must be incorporated or registered in Bihar and have an office in Bihar.
6. Provided further applicable taxes from the operations of the company are payable in Bihar.
How to apply for the scheme ?
1. To register for the Bihar Startup Policy, applicants have to open the official website.
2. Now from the homepage, select the register option.
3. A new page will appear on the screen read all the instructions carefully and move forward.
4. Answer the 8 questions out of 10.
5. After answering the question, the registration form will appear on the screen.
6. Enter the details in the application form and click on the submit option.
7. Registration will be done successfully.
8. Take a printout of the application form.
What is the URL to apply online ?
Click on the following link.
https://startup.bihar.gov.in/apply-new
What documents are required while submitting the online application ?
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 required documents.
What will be the loan amount provided under startup scheme ?
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.
Can other state students also apply for this scheme?
No, 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.
How much Incentives will be provided for Female Entrepreneurs ?
Enhanced incentives of 5 per cent for female entrepreneurs
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines startup.bihar.gov.in (PDF)
- Registration startup.bihar.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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