In northern India, the landlocked state of Bihar has various advantages attached due to its geographical location. It has land access to huge market places in northern and eastern India. It has also access to the sea to ports of Haldia and Kolkata.
Their trade flourishes in the neighboring states. Prominently, Bihar is an Agro-based economy. Around 80% of the population of Bihar is engaged in agricultural activities. Bihar ranks among the leader’s vegetables and fruits production, with fourth and eighth places respectively.
After Agriculture, Bihar contributes a huge share in the service sector. In 2016, the service sector accounts for 60% of the state economy. Also, the industrial sector is no less significant.
The manufacturing sector is a financially attractive business for people all over the world. It does require in the beginning big capital investment but afterward one can extract tones of profit. Given the advantages of access to huge market share, with both land and sea access and the availability of cost-effective labor has turned to the advantage of business entrepreneurs.
What else one needs to set up an industry with the assured likelihood of running successfully. You can see the pool of business opportunities in Bihar. In the World Bank report, it has been stated that Patna, the capital of Bihar is only second to Delhi as the best city to start any business.
Here we have listed some of the best small scale business opportunities in Bihar that you can start with the low capital investment but with high profits.
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1. Fertilizer Distribution
The state with the solid agriculture base, with around 80% of the population engaged in agricultural activity, the potential of using fertilizers are very high Fertilizers are just like an elixir of life to fruits and vegetables.
Farmers turn to Fertilizers as they supply plant nutrients to supplement the natural elements found in soil. This helps in maintaining the fertility of the soil which in turn grows nutrition filled healthy crops, in order to feed the population. This is the best business in Bihar to look for.
All that you need to do is the timely supply of fertilizers and educated farmers regarding its use.
2. Fishery Business
The fishery is a new business idea in Bihar. The government of Bihar is provided financial support by contributing 50% of the capital need to set up ponds, searching for small water bodies for rearing fish, thereby encouraging people to take it up.
There are many success stories claiming to have earned lakhs of rupees from fishery business. Provided the government support, this is potentially the best business in Bihar.
3. Sugar Bags Making
Sugar bag making it a great business opportunity in Bihar. The sugar industry is among major industries in Bihar giving employment opportunities to lakhs of people engaged in producing and various related services. The total cultivatable land is around 53 lakh hectares. These figures are enough to estimates how sugar bag making business will be profitable.
4. Jute Bags Making
The growing demand for jute bags can be attributed to its environmental-friendly properties. India is the largest producer of jute and this is exported worldwide. The raw material is readily available in the state for you to start this business venture. People use jute bags in the office, in shopping, grocery stores, carrying lunch, etc.
5. Incense Stick Making Business
This is a kind of business which you can start even from your home place. Agarbatti is basically a bamboo stick coated with the fragrant material. You will be surprised to know that India is the sole producer of it while over 95 countries use the Incense stick. It can be regarded as small business opportunities in Bihar, to begin with, can be expanded further as it works successfully.
6. Pickle Making Business
Pickle is a traditional food item of India’s cultural cuisine. There are many types of pickles that are produced. There is a huge market available for this business. People of India have grown up eating these pickles It has a great market internationally also.
This is a type of business that can be started from your home location. Pickle making is a very simple process. It does not require any machinery or a huge labor force. You have to take care of the procurement of raw material.
All that is required is your culinary skills. This is basically a domain of women entrepreneurs making huge money out of it.
See Also: Top 10 Most Profitable Retailing Business Ideas
7. Honey Making
The demand for honey is huge both locally and internationally because of its organic remedial properties. This provides small business opportunities in Bihar. It does not require huge infrastructure, machinery, technological investment.
Basically, it is business ideas in Bihar will low capital investment. The gateway to honey-making is beekeeping. Beekeeping has many benefits like it increases the yield of crops by cross-pollination; in addition to honey, we get pollen, venom, wax, etc.
You can even get the additional support of the government’s National Bee Board, encouraging people to beekeeping development in the country.
8. Paper Bags Making Business
Paper bag making provides great business opportunities in Bihar because these are the consumable items of everyday life. The trend and use of the paper bag are on the rise given the non-biodegradable nature of plastic bags.
The government has banned the use of paper bags in many cities. It is created the opportunity of paper bag making business firms with low capital investment.
Moreover, it doesn’t require advanced technology and complex manufacturing procedure. It can be taken up as a small business opportunity in Bihar will market readily available.
See Also: How to Start Paper Plate Business
9. Restaurant and Cafe
It is a profitable business opportunity in Bihar. Outside schools, colleges, tuition centers, offices, and at market places, the cafe and restaurants runs successfully. Everyone likes to spend time and enjoys food with their friends and family after a hectic schedule.
10. Ice-Cream Parlors
The demand for ice cream is evergreen throughout the year but during summers the demand is overwhelming huge to tackle the scorching heat of the sun.
So you can take up this highly profitable business opportunity in Bihar with low capital investment. These are some of the profitable business opportunities in Bihar that can help you establish successful business ventures with capital investments.
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