Patna: The Bihar government has rolled out its Bihar Textile and Leather Policy to drive industrial growth and expand employment opportunities in the state, offering a range of incentives to attract investors and boost production.
Under the policy, industries can access up to 30% assistance on plant and machinery costs, capped at Rs 30 crore, as a capital grant. Interest subsidies of 10–12% on loans are being offered, alongside a 50% grant of up to Rs 20 crore on fixed capital investment. Patent grants of up to Rs 10 lakh are also available.
The policy includes Rs 2 per unit relief on electricity duty and full reimbursement of SGST, stamp duty, registration fees, and land conversion fees. Freight reimbursement of up to Rs 10 lakh per year is also on offer.
To encourage job creation, the state will reimburse 300% of EPF and ESI contributions and provide Rs 5,000 per month per employee as support.
According to the Industry Department, the policy is expected to strengthen Bihar’s industrial landscape and open new avenues of employment for its youth.
