Are you looking to start a new business in Bihar and searching for the best opportunities? Whether you’re an experienced entrepreneur or beginner to the business world. In our business name list We have included opportunities suitable for all. From traditional ventures to modern startups in Bihar, we cover a diverse range of options to help you succeed in Bihar’s dynamic market.
Grocery Store With Delivery Services Business, Bakery Shop, Dairy Business, Fish Farming Business, Handicrafts Business, Fast Food business, Pickle Making Business, Organic Farming Business, Beauty Salon Business and Wood Working Business, and many more are profitable businesses in Bihar. Investment to start a new business in Bihar budgets ranging from 50000, 1 to 2 lakhs, under 5 lakhs, to up to 10 lakhs.
Is Bihar a Good Place to Start a Business?
Yes, Bihar can be a good place to start a business for several reasons:-
- Bihar is an ancient land which is deeply rooted in history. It is the birthplace of Buddhism and home to the ancient university of Nalanda. It’s significant for its rich cultural heritage and contributions to Indian civilization. Economically, Bihar is primarily agricultural, producing crops like rice, wheat, and sugarcane. Despite many challenges, the state is steadily progressing with improvements in infrastructure and education.
- Bihar’s small business ecosystem is vibrant. There are many running local shops, textile businesses, and food processing units. Here handicrafts and dairy farming are also quite common and in demand. The state’s economy relies heavily on these small enterprises, which provide jobs and boost local income. Efforts are ongoing to support these businesses through better infrastructure and financial aid.
- In Bihar, consumer behaviour reflects moderate purchasing power. Here people often buy essential items like food, clothing, and household items. They prefer local markets for fresh produce and daily needs, while valuing affordability and availability. Traditional products and handicrafts also see good demand. With rising incomes, there’s a growing interest in branded goods and better-quality products.
Best Small Scale Business Ideas in Bihar 2024
Top 10 innovative and unique small business ideas in Bihar with high profit in low investment.
1. Grocery Store With Delivery Services Business
Starting a grocery store with delivery services in Bihar is a great idea. People here appreciate the convenience of getting daily essentials like vegetables, rice, and spices delivered to their doorstep. With busy lifestyles and improving internet access, online orders are increasing. Ensuring timely delivery and good quality can help your business grow quickly in both urban and rural areas.
| Investment | ₹50000 to ₹2 Lakh |
| Resources | Licences, Grocery supplies, Containers, Disposable racks and shelves, packaging |
| Market Demand | The market for grocery stores will have a CAGR of 10.98% from 2022 to 2030 and the market size will increase to USD 188 billion. |
| Profit Margin | ₹ 50,000 to ₹2.5 Lakh monthly |
2. Bakery Shop Business
Opening a bakery shop in Bihar can be a sweet venture. People here love fresh bread, cakes, and traditional sweets for daily snacks and special occasions. A good location, quality products, and affordable prices will attract customers.
| Investment | 20,000-50,000 |
| Resources | A workspace, freezer, grinders and processors, oven, display boxes, packaging supplies, skilled labour, social media presence, etc. |
| Market Demand | Indian bakery business will gain a CAGR of 7.28% between 2021 and 2027, reaching a value of ₹13000 crore. |
| Profit Margin | 50,000 to 1.5 lakh |
3. Dairy Products Business
Starting a dairy business in Bihar is a promising opportunity. Many families rely on fresh milk, ghee, and other dairy products daily. With good quality feed and proper care, you can maintain healthy cows and buffaloes, ensuring high milk production. Selling directly to consumers or local markets can bring steady income.
| Investment | ₹ 10 Lakh to ₹ 20 Lakh |
| Resources | Licence, Professional Consultant, Irrigation System, Storage Room, Milking Parlour, Sterile, Shed etc. |
| Market Demand | The dairy market will reach ₹238430 crores by 2027, exhibiting growth at a CAGR of 14.3% from 2023 to 2028. |
| Profit Margin: | ₹25,000 to ₹50,000 monthly |
4. Fish Retail Business
Starting a fish retail business in Bihar is a good idea due to the high demand for fresh fish. People here enjoy fish in their daily diet, so sourcing fresh, quality fish from local ponds or suppliers is important. Offering home delivery services can also give your business an extra edge and help it grow faster.
| Investment | ₹40000 to ₹250000 |
Resources | Licence, office space, storage space, fish supplies from reliable sources, packaging materials, chemicals, reliable staff etc. |
| Market Demand | From 2023-2028, the fish market segment will register a CAGR of 8.81%. Additionally, 60% of the Indian population consumes fish as a part of their daily meals. Resultantly, this segment will witness an upward trend in CAGR. |
| Profit Margin | 20% to 35% |
5. Handicrafts Business
Starting a handicrafts business in Bihar is a great way to tap into the state’s rich cultural heritage. Bihar is famous for its unique Madhubani paintings, bamboo work, and pottery. By promoting these traditional crafts, you can attract both locals and tourists. Setting up an online store can help reach a wider audience.
| Investment | ₹1.5 Lakh to ₹6 Lakh |
| Resources | Textiles or leather, wood, metal, clay, horn, glass, stone, paper or canvas, vibrant colours, etc. |
| Market Demand | The Indian handicraft market will grow at a CAGR of 7.7% from 2023 to 2028. |
| Profit Margin | ₹35,000 to ₹50,000 monthly |
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6. Fast Food Business
Starting a fast food business in Bihar can be very successful. People here love tasty, quick meals like samosas, chaat, and dosas. Setting up in a busy area near schools, colleges, or markets will attract many customers.
| Investment – | 4 lakh – 5 lakh |
Resources | FSSAI Licence, store/location, raw materials, kitchen appliances, cutting machines, equipment and machinery, reliable staff, chairs, tables, furniture etc. |
| Market Demand | As per estimates, the Indian food service market will exhibit a CAGR of 11.19% by 2028. |
| Profit Margin | 30% – 40% |
7. Pickle Making Business
Starting a pickle making business in Bihar can be a flavorful venture. Pickles are an essential part of Indian cuisine, and people in Bihar have a special fondness for them. Using fresh, locally sourced ingredients and traditional recipes will give your pickles an authentic taste. Selling through local markets, grocery stores, and online platforms can reach a wide customer base.
| Investment | 70,000 – 1,00,000 |
| Resources | Licenses and Permits, Weighing scale machine, mixer, grinder, utensils, Musturd Oil, Packing Materials, Pet Jars etc. |
| Market Demand | The pickle industry market was valued at USD 7.9 billion in 2018 on a global scale. It will exhibit a CAGR of 3.5% from 2019 to 2025, indicating steady growth. |
| Profit Margin | ₹25,000 to ₹35,000 monthly |
8. Organic Farming Business
Starting an organic farming business in Bihar is a green and healthy choice. With increasing awareness about the benefits of organic produce, there’s a growing demand for chemical-free fruits, vegetables, and grains. Bihar’s fertile soil and favorable climate make it ideal for organic farming. By using natural fertilizers and pesticides, you can grow high-quality crops while preserving the environment.
| Investment | ₹4 lakh – ₹8 lakh |
| Resources | A land or a suitable plot, shelter, storage, and housing, tools and equipment for farming tasks, irrigation, packaging materials etc. |
| Market Demand | The organic farming industry in India is estimated to grow at a rate of 23.8% during 2023-28. |
| Profit Margin | 40% – 50% |
9. Beauty Salon Business
Opening a beauty salon business in Bihar can be a glamorous opportunity. People here appreciate looking and feeling their best, making beauty services in high demand. Offering a range of services like haircuts, facials, and makeup can attract a diverse clientele. Creating a clean, welcoming ambiance with skilled staff can make your salon a go-to spot for grooming needs.
| Investment | ₹50,000 to ₹60,000 |
Resources | Shops and Establishments Act registration, trading licence, Rent out location, Buy the equipments and products, Hiring Staff. |
| Market Demand | The personal grooming sector in India will acquire a value of ₹ 20 lakh crores in 2023. Furthermore, it will grow at a CAGR 3.8% from 2023-2027. |
| Profit Margin | 25% – 35% |
10. Wood Working Business
Starting a woodworking business in Bihar can carve out a solid niche. With a rich tradition of craftsmanship, there’s a demand for quality wooden furniture, home decor, and handicrafts. Sourcing good quality wood and skilled craftsmen is key.
| Investment | ₹10 Lakhs – ₹20 Lakhs. |
| Resources | Licence, Shredder, Hammer, Workshop, Grinder, Disc Screen and Star screen, Loader, Rubber Tired Loader, Wood Shop etc |
| Market Demand | A compound annual growth rate of 7.72% is expected at a CAGR 2024–2028. The current market value of this segment is ₹75,820 crore rupees approx. |
| Profit Margin | 25% – 30% |
Conclusion:
Starting any of these businesses in Bihar can be a smart move, considering the state’s diverse consumer needs and growing market opportunities. A grocery store with delivery services can cater to busy lifestyles, while a bakery shop can satisfy people’s cravings for fresh bread and sweets. A dairy business can tap into the high demand for milk and dairy products, while fish farming can provide a steady supply of protein-rich food. Handicrafts businesses can showcase Bihar’s rich cultural heritage, attracting both locals and tourists.
Fast food businesses can cater to the on-the-go preferences of many, while pickle making can offer tangy delights that are always in demand. Organic farming aligns with the increasing health consciousness among consumers, promising chemical-free produce. Beauty salons can cater to people’s desire to look and feel their best, while woodworking businesses can provide quality furniture and decor options.
In conclusion, each of these businesses has its unique opportunities and challenges in Bihar. Your right planning, quality products or services, and customer-focused approach can help you to long run your chosen business.
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FAQs – Top 10 Innovative and Unique Small Business Ideas in Bihar
1. What are the Top 10 Business Ideas in Bihar?
Grocery Store With Delivery Services Business, Bakery Shop, Dairy Business, Fish Farming Business, Handicrafts Business, Fast Food business, Pickle Making Business, Organic Farming Business, Beauty Salon Business and Wood-Working Business are the Top 10 Business Ideas in Bihar.
2. How can I find the best business idea in Bihar?
To find the best business idea in Bihar, you have to do proper market research and understand the local market. Also check about targeted customers, money Requirement for Investment, Backup Plan, and specially your supporter and competitors to do proper market research and understand the local market.
3. Can I start a small business in Bihar under 50,000?
Yes, there are lots of business ideas that you can start with under 50,000 such as Dairy Business, Fish Business, Beauty Salon, Bakery Business and many others businesses.Â
4. Starting a business in Bihar is a good idea?
Absolutely, starting a business in Bihar is a smart move! Setting up a business in Bihar won’t break the bank, and there’s no shortage of talented people to bring on board. The folks here are always eager to check out fresh and exciting products, so if you’re offering something worthwhile, they’re up for grabs. And with the government rolling out the red carpet for startups, it’s a pretty sweet deal for budding entrepreneurs.
