Government’s Big Gift to Businessmen: Free Land and Interest Subsidy Up to ₹40 Crore

Patna (The Uttam Hindu): Nitish government has taken a historic decision on Tuesday, opening the doors for industrial investment in Bihar. The 'Bihar Industrial Investment Promotion Package (BIIPP-2025)' has been approved in the cabinet meeting chaired by Chief Minister Nitish Kumar. Under this new policy, companies investing on a large scale in the state will be given many big incentives ranging from free land to huge tax exemptions.

A total of 26 agendas were approved in the cabinet meeting held on Tuesday, in which this industrial package was the most important. Giving information after the meeting, Chief Secretary Amrit Lal Meena said that the main objective of this package is to make Bihar a major investment destination, attract new industries and create large scale employment opportunities in the state.

Bumper offer for big investors

Under the new industrial policy, the Bihar government has announced bumper offers for big investors. According to this policy, companies investing more than Rs 100 crore and providing employment to more than 1000 people will be given up to 10 acres of land for free. At the same time, this limit has been increased to 25 acres for big companies investing more than Rs 1000 crore. Apart from this, a special provision has also been made to attract the world's top Fortune 500 companies, under which they will be provided 10 acres of land at a symbolic amount of just Rs 1.

Small investors also got big relief

The government has also taken care of small and medium class investors. They will get a 50 percent discount on Bihar Industrial Area Development Authority (BIADA) land. Apart from this, they will have the opportunity to choose from three attractive options for financial assistance, which includes benefits like interest subsidy up to Rs 40 crore, 100% SGST exemption and SGST reimbursement up to 300% of the project cost.

Other major incentives

Exporting units will get an additional exemption of Rs 40 lakh every year for 14 years. The government will also make a significant contribution to ESI and EPF of employees in textile and other sectors. There is also a provision of special incentives for units promoting environmental protection and renewable energy.

Chief Secretary Amrit Lal Meena said that this package will remain in force till March 31, 2026. The government hopes that this historic step will bring a flood of investment in Bihar, which will lead to rapid development of the state and employment to lakhs of youth.