Years
The Chief Minister further stated that the limit of export incentive will be Rs 40 lakh per year for a period of 14 years. Apart from this, assistance will be provided for skill development, environmental protection, renewable energy use, stamp duty and land conversion fee, cooperation to private industrial parks, patent registration and quality certification.
Chief Minister Nitish Kumar is taking decisions before the Bihar assembly elections. In this episode, a big announcement has been made to bring the industry revolution in Bihar. Nitish Kumar wrote on X 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. Under this, interest subsidy up to Rs 40 crore will be given. The new units will be reimbursed up to 300 percent of the approved project cost for 14 years. Capital subsidy will be provided up to 30 percent.
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The Chief Minister further stated that the limit of export incentive will be Rs 40 lakh per year for a period of 14 years. Apart from this, assistance will be provided for skill development, environmental protection, renewable energy use, stamp duty and land conversion fee, cooperation to private industrial parks, patent registration and quality certification. He said that free land will be allotted to promote investment under this new industrial package 2025. Land up to 10 acres will be allotted free of cost to industrial units who invest more than 100 crores and create more than 1000 direct employment.
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Nitish Kumar said that land up to 25 acres will be allotted free of cost to industrial units investing more than 1000 crores. Fortune 500 companies will be allotted land up to 10 acres free of cost. To avail benefits under this industrial package 2025, investors will be mandatory to apply before 31 March 2026. This new industrial package will help in providing jobs and employment to 1 crore youth in 5 years from 2025. The objective of this initiative is that industries in Bihar should get more boost, the youth of Bihar should be skilled and self -reliant and they can get more and more employment within the state and their future can be secured.
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