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Bihar Cabinet nod for new Textile and Leather Policy

Friday, 27 May 2022
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The Bihar Cabinet has given nod to the Bihar Industrial Investment Promotion (Textile and Leather) Policy, 2022. 
The policy envisages capital investment subsidy of up to Rs 10 crore as well as freight subsidy up to Rs 10 lakh per year. 
The power tariff for such units will be Rs two per unit in order to provide competitive electricity rate to the industrial units to come up in the state. 
Under this Policy, provisions have been made for various incentives such as capital investment subsidy, employment generation subsidy, power tariff subsidy, freight reimbursement incentive and patent registration subsidy.
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