- Financial assistance: The government provides a variety of financial assistance schemes to MSMEs, such as loans, subsidies, and grants. These schemes can help MSMEs to start new businesses, expand their existing businesses, and adopt new technologies.
- Infrastructure support: The government provides infrastructure support to MSMEs in the form of industrial estates, plug-and-play facilities, and common facility centres. This support can help MSMEs to reduce their costs and improve their efficiency.
- Marketing assistance: The government provides marketing assistance to MSMEs in the form of participation in trade fairs and exhibitions, export promotion schemes, and online marketing support. This assistance can help MSMEs to reach new markets and increase their sales.
- Skill development: The government provides skill development training to MSMEs and their employees. This training can help MSMEs to improve their productivity and competitiveness.
- Regulatory support: The government provides regulatory support to MSMEs in the form of single window clearances, online approvals, and simplification of procedures. This support can help MSMEs to save time and money.
In addition to the above benefits, the Bihar Government has also launched a number of specific initiatives to support MSMEs, such as:
- Bihar Startup Policy: This policy provides a few incentives to startups, such as seed capital, tax breaks, and mentorship support.
- Bihar MSME Policy: This policy provides a few incentives to MSMEs, such as capital subsidies, employment subsidies, and power subsidies.
- Bihar Industrial Investment Promotion Policy: This policy provides a few incentives to investors in the state, including tax breaks, land grants, and infrastructure support.
The Bihar Government is committed to supporting MSMEs and helping them to grow and succeed. The various benefits and initiatives offered by the government can help MSMEs to overcome their challenges and achieve their full potential.