Bihar government to bring 'start up policy' very soon: Minister

PATNA: The Bihar government would bring a new 'start up policy' next month to help promote business ideas, Industries Minister Jai Kumar Singh said.

"Besides, the government is also coming up with the most attractive new Industrial Incentive Policy," Singh said while inaugurating 3rd Bihar Entrepreneur Summit (BES) here.

An event like this one, where entrepreneurs and professionals from across the country and from abroad participate, would help in 'branding' the state as better investment destination in the country, he said.

Start up policy would help in making job creators in the state, Singh said adding that Industrial Incentive Policy will offers one of the best tax exemptions in the country to the entrepreneurs.

Industries Department Principal Secretary S Siddharth said the start up policy would soon be sent for the cabinet's approval.

Besides this, the government has also created a corpus of Rs 500 crore as start up fund which would be utilised for helping young entrepreneurs of the state.

Cooperative Minister Alok Mehta suggested to open a 'business counselling room' in every district for young entrepreneurs.