Bihar government is giving land for 1 rupee
It is often seen that despite having a good business idea, skyrocketing land prices put an end to the dreams of entrepreneurs. If you are also dreaming of setting up your own factory or industry, then this news is no less than a lottery for you. Bihar government has taken such an initiative to bring revolution in the industry, which is being discussed in the entire country. The government has decided to give land to investors at a token amount of just Re 1.
The name of this scheme is ‘Bihar Industrial Investment Incentive Package 2025’. Its direct objective is to bring large-scale investment in the state and create new employment opportunities for the youth. But remember, this opportunity is for a limited time. To avail the benefits of this scheme, investors will have to apply by 31 March 2026.
Who will get the gift of land worth Rs 1?
Will everyone get land at Re 1? The answer is, no. The government has set some special categories and conditions for this. This offer is mainly for those big investors who have the potential to generate employment in the state.
According to the rules, if a company invests Rs 100 crore and employs at least 1,000 people, it will be given 10 acres of land at a token price of just Re 1. At the same time, if the investment figure reaches Rs 1,000 crore, then the government will provide 25 acres of land at this nominal rate. Not only this, the rules are even easier for the big companies included in ‘Fortune 500’, they will get 10 acres of land only on investment of Rs 200 crore. There is good news for those investors who do not fall in these categories. BIADA is giving huge discount of up to 50% on its land rates to other investors.
Apart from land, what else is there in the package?
The government is not abdicating its responsibility by just giving cheap land, rather it wants your industry to flourish. Therefore, along with land, a complete blueprint for financial assistance has also been prepared. To attract investors, a provision for interest subsidy of up to Rs 40 crore has been made.
Apart from this, tax relief facility of 100% SGST (State GST) refund or net SGST reimbursement up to 300% of the project cost is being provided. This benefit can be availed for full 14 years. Besides, there is also an option of capital subsidy up to 30%. Investors can choose any of these options according to their business needs.
Apply like this
If you want to set up your industry under this scheme, then you do not need to visit government offices. The entire process has been kept transparent and online.
- First of all you have to go to the official portal of BIADA https://biada1.bihar.gov.in/.
- Go to the ‘Apply Online’ section and register yourself there.
- Fill your name, address and other important information. Your email ID will become your user ID.
- After setting the password, you can easily fill the application form.
The government has also issued a helpline number 18003456214 to help investors. Apart from this, complete information about how much land is vacant in which district or which industrial area will be suitable for your business is available in the ‘Land Bank’ section of the portal. There’s also a description of ‘plug and play’ shaders, so you can get started right away without the hassle of construction.