Subsidy of up to 15% of capital investment for new small and ancillary industries.
Additional subsidy of 10%, up to Rs.1 million, for purchasing energy conservation equipment.
Sales-Tax deferment and exemption for finished goods.
Power subsidy of 18 paise per unit for units with capital investment of up to Rs.7.5 million.
Power subsidy of 15 paise per unit for units with investment of between Rs.7.5 million and Rs.150. million.
Subsidy of up to Rs.0.01 million for modernization and productivity improvement by SSI units.
Special facilities or SC & ST and technically qualified entrepreneurs on priority basis.
Feasibility study subsidy of up to 1% of fixed capital, or up to Rs.0.02 million of SSI units.
There is a serious need to establish new industries and to revive the sick and closed units of the state. For this purpose favorable environment should be created to attract the investors of state and from abroad. In this connection the Industrial Policy - 2003 has been reviewed. After reviewing the policy, a decision has been taken to prepare a new industrial policy in the present circumstances so that there may be a balanced industrial growth in the state.
Consequently, a new Industrial Incentive Policy - 2006 has been prepared in consultation with Industries Association of Bihar, Bihar Chamber of Commerce, Confederation of Indian Industry and all concerned Government Departments. In the formulation of this policy the Industrial policies of different states have been kept in view.
Under this Industrial Incentive Policy- 2006 there are provisions for granting Pre-production incentive of subsidy/exemption from stamp duty and registration fee and post production incentive of grant/exemption for preparation of project reports, purchase of land/shed, technical know-how, captive power generation/diesel generating set, quality certificate, Vat, luxury tax, electricity duty, conversion fee, market fee etc.
With the implementation of this Industrial Incentive Policy- 2006, it is expected that there will be growth in the per capita income of the state and industrial growth as well as accelerated employment opportunities.
