Top 10 Business Ideas for Bihar [Profitable Businesses]

Bihar is a developing state, and people are looking to establish their business in Bihar. The state is known for its agricultural base and livestock farming. Bihar manufactures pulses, shoes, Masur, electrical goods and cotton yarn.

Besides these projects, the state exports vegetables and milk. Patna imports cotton, food grain, iron, rice, wheat and Dalian. Bihar also has one of India's best fishing grounds and is also very rich in cattle population. The state also consists of more than 90,000 weavers. Bhagalpur is famous for its silk. Gaya is another weavers' zone of around 8000. There is also a cluster of

traditional handlooms in several districts of Bihar— Bhagalpur, Gaya, Nalanda, Darbhanga, Siwan, Patna.

If you are willing to take the risk and start a business venture, here are the ten best business ideas in Bihar:

1. Salon

Starting a salon is a highly profitable business plan in Bihar. Bihar is an emerging market for beauty salons nowadays. There are few issues to note for the success in the beauty salon business in Bihar. The starting investment is not much but location, skills, expertise and retail operations are the main points. The demand for fancy salons is high in Patna, Muzaffarpur, Gaya etc.

Investment cost:

• Location 200-300 sq ft area - 10000 INR monthly
• Salon establishment - 50,000-70,000 INR
• Grooming items - 50,000 INR monthly
• Expert Stylist - 15000 INR monthly

Also Read: How to open a Salon?

2. Computer Training Institute

You can open up a small institute that will train students with computer courses. From children to adults, computer institutes are in high demand in Bihar. Here, you can teach new programming languages and projects. If you have money, you can hire instructors for advanced computer courses too. Additionally, you can tie your institute up with some schools or colleges for better results.

Investment cost:

• 300-400 square feet place - 15000 INR rent monthly
• 10-15 laptops - 20,000*10= 200000 INR, you can ask adults to bring their laptops for better study
• Desk and setup - approx 25,000 INR

Also Read: How to start Computer Training Institute?

3. Wheat Processing

Wheat processing, or known as chakki, is another good business idea in Bihar. To start a wheat processing shop, you majorly need a place and a grain processing machine. The grain processing machine is affordable and easy to install. Some people might think it is not valuable, but this business idea is profitable and easy to manage. The investment and failure chances both are low.

Investments cost:

• Grain processing unit - 50,000-85,000 INR
• Monthly electricity, rent and maintenance - 10,000 INR
• 200 kg grains per day - 1000 INR (5 rupee per kg) = 1000*3= 30,000 INR monthly
• Profit per month - 30,000-10,000 = approx 20,000 INR

4. Fish Farming

With over 9 lakh acre wetland, the fish farming business is a familiar one in Bihar. Fish farming is a rapidly growing sector in Bihar. The state has numerous aquatic resources in the form of ponds and tanks. Quality fish seeds are needed to produce good quality fish. The Bihar government encourages new entrepreneurs to develop fish seed hatcheries in the state.

5. Restaurants

Starting up with a small and cosy restaurant in Bihar is a great opportunity. The restaurants take a lot of investments to build up but return a good profit after a while. It will take around 7-10 lakhs to start up a restaurant in Bihar. You also need enough money to handle the restaurant without expecting profit for at least a year.

Investment cost:

• Rent deposit - 1 lakh
• Furniture and interior - 2 lakhs
• Kitchen equipment and accessories - 2 lakhs
• Raw Materials - 50,000 – 70,000
• Labour and light bill - 50,000/ monthly

Also Read: How to open a Restaurant?

6. Renting Agency

Renting a business is the easiest; make money by just giving stuff on rent. The starting is easy, which facilitates more growth opportunities. People often prefer rented things for a day, week or months as buying something for temporary use is a wastage of money. You can rent out anything— party items, furniture, clothes, toys, books, bikes, cars etc.

Investment cost:

Generally, it depends on the renting business type you want to start. If, for example, you have bikes, it is much easier for you. Otherwise, you can purchase 2 Bikes - 50000 INR*2 = 100000 INR.

7. Transport Business

It is another good business option for youngsters in Bihar. Starting a small transport company is not expensive, and you can begin it with one or two vehicles. You can transport food, vegetables or milk. Or you can provide vehicles as a cab or bus to locals.

Investment cost:

The investment cost depends on the vehicles you are using. For load transportation, you need a truck. For the cab, you need a car or minivan.

• Small Tata Truck - Around 4-5 lakhs
• Cab - 2-3 lakhs (depends on model)

Also Read: How to be a transport business owner?

8. Xerox and Printing Shop

Xerox and printing business is a small but profitable business idea. By purchasing xerox and printing machines, you can make a lot of money. This business is promising, but location matters here. Open up a printing shop near the school, college or government offices for better growth.

Investment cost:

• Shop rent, Deposit - 50000 INR
• Xerox machine cost - 150000-300000 INR
• Printing machine - 12000 INR
• A computer system - 20000 INR

Also Read: How to start 3d Printing Business?

9. Tailoring Shop

For this, you can start up only with a sewing machine. If you know how to stitch garments, it is the best, or you can hire people for it, which will cost you a little more. You can start with simple sewing and stitching. Later you can add the designing clothes and mould them into a boutique shop. You will need a good designer who is an expert with all clothing and designs. If you do not have the money, you can start the business with your home and later build it up.

Investment cost:

• Sewing machine - 6000-8000 INR
• Shop rent - 50,000 INR

10. Franchises

If you don't want to take the risk, you can take up any franchise. The key issue is cost. It is not cheap but highly profitable. There are many franchises available in India from which you can choose wisely. Every franchise has different charges.

Also Read: How to start your own franchise?

Other Small Businesses in Bihar

Here are some other local business ideas available for Bihar:

• Fruit juice corner
• Pani puri stall
• Beekeeping
• Livestock feed production
• Papad making
• Tea bag making
• Hobby classes
• Tyre store
• Food catering
• Bakery
• Bottled water supply
• Coaching institute

These are a few more business ideas for one to follow in Bihar. They are small business ideas for people looking to start a side hustle or starting a business on a small scale.

Key Points to Keep in Mind Before Starting a Business in Bihar

• Make a thorough and executable rough plan.
• If you are not financially strong, get a loan or funding before starting any business.
• If there is no space to open a shop, lease a commercial place.
• Get all the Permits and Licenses.
• Design your shop so it will attract customers.
• Follow all the marketing strategies.
• Use social media as marketing to reach customers.
• Try a grand opening so that people will know the brand.
• Maintain the quality of your products.

Conclusion

Bihar is a growing state and will prosper in the coming years, and starting a business there would be great. This article contains all the small, medium and big business ideas for Bihar. You can choose yours according to your interests, financial capability and resources.

If you plan to start a small business in Bihar, you need a well-managed account and Digital Bahi Khata is now available.

Also Read:

1) Top-10 Business Ideas for Hyderabad
2) Top 10 Business Ideas in Bhopal
3) Top 10 Business Ideas for Indore
4) Top 20 Small Business Ideas
5) OkCredit: All you need to know about OkCredit & how it works.

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FAQs

Q. What are the best business ideas for Muzaffarpur, Bihar?

Ans. Some of the best business opportunities for Muzaffarpur are-

• Catering Business
• Event Management Business
• Tuition Centre
• Flour Mill
• Retail Shop
• Bar or Beer shop

Q. What are the best businesses for sale in Bihar?

Ans. The best businesses for sale in Bihar are-

• Design and print garments
• Write and launch your book
• Create your digital services
• Sell handicraft products

Q. Which is the richest district in Bihar?

Ans. Patna, the capital of Bihar and is situated near the Banks of Yamuna. It is the richest district of Bihar.

Q. Which business is the most profitable in Bihar?

Ans. Bihar is popular for its high-quality silk, sugar and jute industry etc. The state is rapidly growing in business. Restaurants, malls, hotels, coaching institutes are the most profitable businesses in Bihar.

Besides, the above-mentioned list is full of small and big business ideas for Bihar.