The State Government of Bihar on 29th November 2021 has notified the Bihar wood based industries Investment Promotion Guidelines, 2021 which helps in bringing investment and creating a positive business ecosystem to improve the existing saw mills, veneer, and plywood units as well as furniture units.
New investors / Entrepreneurs /Existing Wood Based units / Artisans/ Local Furniture making units/ Bamboo products making units shall be eligible for financial assistance under this guidelines. The investors may apply as proprietorship, partnership, LLP, trust or societies registered under the relevant Act, company etc.
Applications and information about subsidy under different categories can be obtained from the department’s website i.e.http://forest.bih.nic.in/. The applications shall be submitted online and it will be a continuous process.
The applicant for category A and B should have a sound financial background. The net worth of the applicant(s) should not be less than the subsidy amount sought for .
Any investor / applicant who has availed financial assistance for a project under this policy of the Government of Bihar, shall not be eligible to apply for another project under the same policy until one month after operationalization of the earlier project.
The Applicant for Category C and D, should be skilled, semi-skilled artisans Support to Small Furniture and other wood based artifact making units employing not less than 10 labours of local furniture making units and artisans who are domicile of Bihar engaged in wood based works.
The guidelines aims to promote investment in wood based Industries/units in the State through extending an additional support (apart from those enshrined in the BIIPP, 2016) for the individual investors / Artisans as well as to create an enabling environment for promoting wood based industries in Bihar.
