If you’re looking for small businesses in Bihar, here are some of the most popular and profitable ones that require no startup capital.
Agriculture with animal husbandry and the small business sector have a largely agriculture-based economy. According to 2013 statistics, Bihar ranks 13 out of 28 states for its GDP.
The state produces pulse crops, leather products, electricity, and cotton. Bihar is very rich in livestock populations. Its capital city is Patna, which is located on the banks of the holy river Ganges. It has 50,000 shoe artisans.
The total number of people employed in the textile industry in India is around 12 million. Of these, about 2 million work in the cotton sector. Around 1.5 million people work in the jute sector.
About 3 million people work in the synthetic fiber sector. In addition, there are about 5 million people working in the leather and footwear industries.
The Best Small Business Ideas in Bihar
The honey industry in India has been one of the most lucrative industries for the past several years.
According to the latest statistics from the National Bee Board, India produces 1.8 million metric tons of honey annually, which accounts for nearly half of the global total.
India has a population of around 1.3 billion people. Out of these, approximately 740 million are literate. In 2011, Bihar was ranked 6th among states in literacy rate. According to the 2011 Census, Bihar had a literacy rate of 67 percent.
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Computer Training Institute
Starting a training center for computers is one of the best small businesses in Bihar. It’s perfect for anyone with specific skills and knowledge about operating computers.
Bihar is a state known for its rich culture, food, and natural beauty. Its capital Patna is famous for its temples and monasteries.
The state also boasts of beautiful lakes such as Purnea and Nalanda. Agriculture is the major source of income for people living in Bihar. They grow rice, wheat, sugarcane, jute, cotton, oilseeds, vegetables, spices, tea, coffee, mango
There are 9 lakh acres of wetlands in Bihar which could be used for aquaculture. Aquaculture is an important and fast-growing industry in Bihar. The government needs to develop these wetlands into fish farms.
Fish farming is one of the most promising sectors for entrepreneurship in India.
Livestock Feed Production
Livestock is important source of income for farmers in India. Therefore, good quality cattle feeds are always in high demand among farmers.
Micronutrient manufacturing is an amazing small business idea for people with experience in the chemistry industry. It helps farmers increase their crop yields by using micronutrients in fertilizers.
Bihar is one of India’s poorest states. With an annual per capita income of just $1,890 (US$), it ranks among the lowest in the country. But the state does produce a lot of papads, and these little treats can make a good living for women who run small businesses.
Tea Bag Making
About 25,000 acres of farmland here are covered by plantations of tea, most of which are located in the Kishanganj district and some in Purnea, Katihar, and Araria.
The district has been designated as a non-traditional region under a government subsidy program and benefits from tax breaks. It produces around 2,300 tons of processed green teas annually.
Entrepreneurs wishing to enter the automobile industry may begin a car repair shop. Car repairs require special skills and training. A person should possess good communication skills.
To succeed in this field one must be able to work under pressure and meet deadlines.
The best small business ideas in Patna are made according to the raw materials available, demand for the products, and population demographic factors.
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