Jharkhand

‘The land of forests’ – Jharkhand is endowed with rich flora and fauna. In recent years, Jharkhand has witnessed tremendous growth in Steel production, Mining and Quarrying, and Sericulture. True to its tribal roots, the State is aiming for sustainable development, environment-friendly technologies and processes, and a boost for the MSME sector, at the heart of its growth strategy.

KEY INDUSTRIES / SECTORS:

Iron and Steel

Mining and Minerals

Sericulture

Power Generation

POTENTIAL INDUSTRIES:

Biotechnology, and Food & Beverages.

Single Window Clearance: The Government of Jharkhand has established the Center for Industrial Development and promotion activities, which has a Single Window System to facilitate entrepreneurs and to expedite clearances and approvals for investment proposals. Read more here >

MUDRA Scheme Jharkhand: Micro Units Development and Refinance Agency Ltd (MUDRA) The objective of Mudra Bank is to provide financial assistance to youth and educated-uneducated entrepreneurs to help them establish and grow their micro businesses. Read more here >

Prime Minister’s Employment Generation Programme (PMEGP): Term Loan and Cash Credit facility to generate employment opportunities in rural as well as urban areas of the country, through setting up of new self-employment ventures, projects or micro enterprises.

Jharkhand Industrial Policy 2012: MSME and startups will be promoted by incentives and exemptions. Schemes like ASIDE, Credit Guarantee Fund Trust Scheme, Cluster Development Programme for MSMEs, Credit Linked Capital Subsidy Scheme, Technology Up gradation Scheme being operated by Govt. of India and various other Promotional Schemes of different Ministries of Govt. of India are proposed to be suitably dovetailed for the benefit of MSM Enterprises of the State. Efforts will also be made to suitably complement these schemes enabling the entrepreneurs to avail maximum advantage of these schemes. Read more here >

Dairy Entrepreneurship Development Scheme: Dairy Entrepreneurship Development Scheme is a Government of India sponsored scheme to provide financial support to entrepreneurs to start dairy and allied business. Read more here >

XLRI Jamshedpur -Entrepreneur Development Center (EDC): XLRI conducts training programmes and courses for entrepreneurs. Read more here >

Cambridge Institute of Technology: The Entrepreneurship Development Cell (EDC) was started with the object of promoting specialized knowledge in the field of entrepreneurship development. Read more here >

IIM Ranchi: The E-Cell at IIM Ranchi is devoted to the cause of promoting entrepreneurship among students. Read more here >

Xavier Institute of Social Service: Entrepreneurship Developmental Program-Department of Entrepreneurship Development Programs of XISS, Ranchi is conducting various Entrepreneurship development programs and skill development programs of National level since 1974. Read more here >

MSME-Development Institute, Ranchi: The institute organizes Entrepreneurship Development Programmes, and offers consultancy services to prospective entrepreneurs. Read more here >

In Summary – Jharkhand and Entrepreneurship:

By attracting investment and promoting sustainable Industrial growth of the State, Jharkhand is aiming to become the preferred destination for small and medium scale ventures. With the government acquiring land to develop industrial enclaves across the state, the State is more ready than ever before for an entrepreneurial boom.

To know more about how Jharkhand is building a vibrant entrepreneurship ecosystem, click here.

Data Sources for Jharkhand:

Note: Policy details provided here are for the purpose of information only. Please verify the latest information from the relevant Government or MSME website of the state. Other data and information is curated from various websites and public documents. In case you have any corrections, additions, or suggestions, please share the same with us, and we’ll be happy to incorporate them here.