Minister Israel Mansouri talking about IT policy.
– Photo: Amar Ujala
Expansion
To bring revolution in the field of IT in Bihar, CM Nitish Kumar’s government has approved Bihar IT Policy 2024. It aims to attract investment in the information technology and electronic systems design and manufacturing (ESDM) sector in the state. Information and Technology Minister Israel Mansoori said that the Bihar government is investing crores of rupees in the field of IT in Bihar. IT revolution will come in Bihar. Today not only the country but also foreign companies are looking towards Bihar. We are going to bring startup policy soon. Through this the youth will get the opportunity of self employment.
The IT Minister said that the Bihar IT Policy 2024 has been prepared by the Department of Information Technology, Government of Bihar in collaboration with industry experts and stakeholders. The policy provides a comprehensive financial package to encourage domestic and international investors to choose Bihar as their first choice for investment in IT, ITES and ESDM sectors. Know about it…
IT Department Secretary Abhay Kumar Singh said that under the IT Policy 2024, investors will get 30 percent lump sum capex support on a minimum fixed capital investment of Rs 5 crore under the capital investment subsidy, with a maximum limit of Rs 30 crore. Up to 10% discount in annual interest rate on the approved project will be available for 5 years.
Apart from this, under the lease rental subsidy in IT Policy 2024, 50 percent of the annual lease rental amount will be paid for 5 years to the units operating from leased office or business premises. Not only this, 25% of the annual electricity bill will be reimbursed for five years.
The Secretary of the IT Department also said that under the Employment Generation Subsidy, 100 percent reimbursement of the amount deposited by the employer in EPF and ESI will be done for 5 years, the maximum limit of which will be Rs 5,000 per employee per month. Apart from this, tailor made packages will be made for those mega units which have investment of more than Rs 100 crore, or are creating at least 1000 direct IT employment in the state. Apart from the IT sector, this policy has been made to give special encouragement to various emerging sectors like data centre, animation, IT platform aggregators, big data and analytics, smart technologies, drone manufacturing etc.
