The Bihar State Industrial Development Corporation (BSIDC) is a state government undertaking that plays a key role in the development of the state’s industrial sector. The BSIDC is responsible for acquiring and developing industrial land, providing financial assistance to industries, and marketing and promotion of industrial products.
The BSIDC has been instrumental in the development of several industrial estates in the state, including the Patna Industrial Area, the Danapur Industrial Area, and the Bihta Industrial Area. The BSIDC also provides financial assistance to industries through a variety of schemes, including the Subsidy on Land Acquisition Scheme, the Interest Subsidy Scheme, and the Capital Subsidy Scheme.
The BSIDC also plays a role in the marketing and promotion of industrial products. The BSIDC organizes trade fairs and exhibitions, and it also maintains a website that provides information on the state’s industrial sector.
In conclusion, the Bihar State Industrial Development Corporation (BSIDC) plays a key role in the development of the state’s industrial sector. The BSIDC is responsible for acquiring and developing industrial land, providing financial assistance to industries, and marketing and promotion of industrial products.
Here are some additional details about each of the options:
- Acquiring and developing industrial land: The BSIDC acquires land from private landowners and develops it into industrial estates. The BSIDC also provides infrastructure facilities, such as roads, water, and electricity, to the industrial estates.
- Providing financial assistance to industries: The BSIDC provides financial assistance to industries through a variety of schemes, including the Subsidy on Land Acquisition Scheme, the Interest Subsidy Scheme, and the Capital Subsidy Scheme. The Subsidy on Land Acquisition Scheme provides a subsidy to industries that acquire land for their projects. The Interest Subsidy Scheme provides a subsidy on the interest that industries pay on loans from banks. The Capital Subsidy Scheme provides a subsidy on the capital that industries invest in their projects.
- Marketing and promotion of industrial products: The BSIDC plays a role in the marketing and promotion of industrial products. The BSIDC organizes trade fairs and exhibitions, and it also maintains a website that provides information on the state’s industrial sector.