Bihar Startup Policy 2022: Bihar government to provide Rs 10 lakh to startup enthusiasts, here are the details

Startup incentive scheme: India is the world's third-largest ecosystem for startups.

More than 90,000 startups registered under the Department for Promotion of Industry and Internal Trade have generated 10 lakh direct jobs and many more indirect opportunities.

If you also want to set up a startup, now is a good time.

The Bihar government is providing entrepreneurs with a golden opportunity to set up startups.

The government is providing funding up to Rs 10 lakh for startups. Let's divulge the details.

Bihar government provides seed funding up to Rs 10 lakh 

As per the industry department of Bihar, the state government launched the Bihar Startup Policy in 2022 to encourage people with innovation and new ideas.

The policy has a special capital seed funding-related provision for women, scheduled castes, scheduled tribes, and physically challenged people. 

They will get more money

The purpose of the Bihar Startup Policy 2022 is to provide employment and develop entrepreneurship among youth.

Female entrepreneurs will get seed funding of Rs 10.50 lakh instead of Rs 10 lakh, a five per cent increment.

SCs, STs, and physically challenged, will get seed funding of Rs 11.50 lakh, a 15 per cent increment. 

Documents to be submitted 

Online applicants for the Bihar Startup Policy 2022 have to submit the necessary documents.

In the documents, one has to provide the details of their email ID, Aadhaar-linked mobile number, passport-size photos, and submit the self-attested photocopies of the balance sheet, Aadhaar card, PAN card, education qualification certificates, and the startup unit (if it is registered).

The photocopy of the caste certificate is also mandatory (not for general category applicants). 

Contact here

Entrepreneurs willing to take advantage of the scheme can visit the website, https://startup.bihar.gov.in/, or call the helpline number, 18003456214.