This is a policy for entrepreneurs to boost entrepreneurship in the state of Bihar and it was launched in July 2022 .
Up to a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008).
Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
The entity is working towards innovation, development or improvement of products or processes or services, or it is a scalable business model with a high potential for employment generation or wealth creation.
Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Start-up’.
Provided Start-up must be incorporated or registered in Bihar and have an office in Bihar.
Provided further applicable taxes from the operations of the company are payable in Bihar.
✦ Required ◦ Optional
