ENTREPRENEURS WILL GET INTEREST SUBSIDY UP TO Rs. 40 CRORE

ENTREPRENEURS WILL GET INTEREST SUBSIDY UP TO Rs. 40 CRORE

29-AUG-ENG 10

RAJIV NAYAN AGRAWAL

PATNA--------------------------Bihar Chief Minister Nitish Kumar has once again made a big announcement in the morning. CM has informed that Bihar Industrial Investment Promotion Package 2025 has been implemented. Read further

Before the Bihar Assembly elections, big announcements are being made one after the other by CM Nitish. In this episode, CM Nitish has made another big announcement. In fact, with the aim of promoting industries in Bihar and providing employment to the youth, the state government has now implemented Bihar Industrial Investment Promotion Package 2025 (BIPPP-2025) after BIADA Amnesty Policy 2025. CM Nitish himself tweeted this information on social media. CM Nitish also told what benefits entrepreneurs will get from this. • CM Nitish tweeted on Tuesday that, to encourage industries in Bihar, the government has now implemented the new Bihar Industrial Investment Promotion Package 2025 (BIPPP-2025) after the BIADA Amnesty Policy 2025. CM Nitish said that, under this:- (1) Interest subsidy of up to Rs 40 crore will be given. (2) New units will be reimbursed up to 300 percent of the approved project cost of net SGST for 14 years. (3) Capital subsidy up to 30 percent will be provided. (4) The limit of export promotion will be Rs 40 lakh per annum for a period of 14 years. Apart from this, assistance will be given for skill development, environmental protection, renewable energy use, reimbursement of stamp duty and land conversion charges, support to private industrial parks, patent registration and quality certification. CM Nitish said that under this new Industrial Package 2025, free land will be allotted to promote investment. Industrial units investing more than 100 crores and creating more than 1000 direct jobs will be allotted up to 10 acres of land free of cost. Industrial units investing more than 1000 crores will be allotted up to 25 acres of land free of cost. Fortune 500 companies will be allotted up to 10 acres of land free of cost.

He further said that to avail the benefits under this Industrial Package 2025, it will be mandatory for investors to apply before 31 March 2026. This new Industrial Package 2025 will help in providing jobs and employment to 1 crore youth in 5 years. The objective of this initiative is to promote industries in Bihar further, the youth of Bihar should be skilled and self-reliant and they can get maximum employment within the state and their future can be secure.