This year, the entrepreneurs of Bihar are transforming fertile fields and bustling cities into goldmines of opportunity. Low investment businesses have the potential to give high returns in a short period of time. Some business ideas for rural and urban Bihar include fish farms, food trucks, and more.
You can take the support of government policies or schemes to start your business. For women, it’s not always about getting dependent on others; it’s a time to start your own business. This blog will also help you to know the business ideas in Bihar for women.
Top Business Ideas in Bihar
1. Pickle Production
The pickle production is one of the home-based businesses in Bihar, where mangoes, lemons, and chillies are turned into spicy, delicious forms. It needs jars, spices, and a small work area from which you can start this business as a woman in Bihar. The pickle can be sold through online websites, local markets, and to nearby neighbours. This simple concept incorporates the traditional tastes with e-commerce.
Benefits:
- Low startup cost
- Good profit margins from seasonal raw materials
2. Agarbatti Making
This is one of the good ideas if you are thinking of starting a small business in Bihar. It can be done by mixing bamboo sticks with charcoal, masala, and fragrances. Agarbatti can be made by machines that are widely available all over India. These can be sold locally or through online mode.
Benefits:
- High demand in religious places
- High profit margins
3. Organic Farming
Organic farming revolutionises Bihar near the Ganges, growing makhana and litchi without chemicals. These agricultural activities are supported by the government. Sustainable practices also boost soil health. People use cow dung, vermicompost, bio-pesticides, and panchagavya to improve soil, reduce costs, and protect crops.
Benefits:
- Helps to generate high income
- Better livelihood
4. Dairy Farming
Dairy products are consumed by the maximum number of people in India. And now getting the pure dairy products like milk, curd, and more is getting a little difficult for people. This is one of the reasons dairy farming can be done in Bihar, which gives you a high profit.
Benefits:
- Boost the livelihood
- Resource utilization
5. Food Truck
It is one of the flexible and low-cost occupations. You can have a food truck of your own, or you can join any franchise. This business needs permission from the authority to set up its truck. It can be started from any local street or any areas specially made for vendors.
Benefits:
- Wide opportunities
- High profit
6. Coaching Centre
As compared to other states, Bihar still lacks in providing education to girls. So there is a requirement to have good teachers there to have updated knowledge and proper education for students. This can be done in both online as well as offline modes. If you have space, then you can start your coaching classes in your home for any subject or any competitive exam.
Benefits:
- Skill development
- Exposure to studies
7. Digital Marketing Agency
As you can see that now many things are growing through online mode. To start in digital marketing, you just need to have a laptop and a good internet connection. You can help your clients grow their online presence through SEO, social media, and content marketing.
Benefits:
- Wider reach
- Cost effective
How to Choose the Right Business?
These are the simple steps that will help you choose the right business idea for you.
- Firstly, know your skills and passion.
- Know the market demand in your area.
- Evaluate startup investment.
- Check the loan policies and government support schemes of your area of work.
- Then, finally, implement your idea.
Investment Table
The table will let you know about the initial investment you need to start any business.
| Business | Initial Investment |
|---|---|
| Pickle Production | ₹80,000 to ₹1,00,000 |
| Agarbatti Making | ₹80,000 to ₹1.5 lakh |
| Organic Farming | ₹5-10 Lakhs |
| Dairy Farming | ₹6.65 lakhs to ₹20 lakhs |
| Food Truck | ₹5 Lakhs to ₹20 Lakhs |
| Coaching Centre | ₹1.5 Lakhs to over ₹10 Lakhs |
| Digital Marketing Agency | ₹10,000 to ₹1,50,000 |
Challenges
These are the challenges that you may face in running or starting your business.
- Delays in funding and processing of applications.
- GST deduction on grants.
- Infrastructure issues.
- Limited access to the market in the early years.
- High competition in urban areas.
Overcoming Challenges
The table will tell you about how to overcome the challenges in rural and urban areas.
| Rural | Urban |
|---|---|
| Have a partnership with local logistics firms. | Work according to the Bihar taste. |
| Make use of WhatsApp business groups. | Try to provide all services in a particular area. |
| Make use of the business loan for Bihar entrepreneurs. | Make use of the government policies. |
Conclusion
Bihar offers a diverse range of opportunities for entrepreneurs to start their business and achieve their respective goals. Even with a small business in Bihar, you can have a good earning potential. The business ideas that I have listed in the blog will help both women as well as men who want to start their own business.
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