Startup Bihar 2018 – The Bihar government has launched Startup Bihar to promote the new start-up in the state. Under this, the state government will now help the opened the startups by providing 10% subsidy on Bank Loan. This decision of the government will be particularly beneficial for businessmen running IT, food processing, textile, apparel and leather industries. Since this announcement, the state government will now give 10% interest on borrowing from the bank. In addition, GST return, EPF and ESI will also help in the amount given in the item. The special thing is that the state government will also provide Rs 20 thousand for each person on the job given under the start-up. It was announced by Deputy Chief Minister of the state Sushil Modi.
Startup Bihar 2018
Sushil Modi said that the services, trade and manufacturing sector on behalf of banks have been given a loan of Rs 14,861 crore in 2016-17. In the year 2017-18, loan of 17 thousand crores will be given by CC limit or other means. Now more money will be given to entrepreneurs under the currency of the Government of India and CGMDC scheme. He said that due to the new Industrial Policy 2016, the State Investment Promotion Council has approved 652 proposals for the investment in the last 15 months. 539 of which have been approved for the first phase.
Through this, there will be a capital investment of about Rs. 5 thousand crores. He said that in order to encourage startup, in the year 2016-17, 500 crore has been provided to Bihar Startup Fund Trust for Capital Enterprises Fund. Of the 3,751 offers received online for startup, 22 have been given as first installment of 55 lakhs. Under this scheme, the government will give the maximum interest of 10 lakh rupees as interest-free loans for 10 years to the entrepreneurs.