Department of Information Technology, Government of Bihar’s emphasis on the implementation of the Bihar Start-Up Policy 2022 is going to reap great results in the days to come.
In the previous article the first pillar of Bihar Start-Up Policy 2022, Yes to startup was explained in detail. We will get to learn more about the second pillar of the policy which is Unleash Regulatory Enablers for supporting Start-Ups.
The Objective:
To streamline the process of the existing comprehensive one-stop portal for the Start-Up Ecosystem in Bihar
Statutory clearances from relevant regulatory authorities are a prerequisite for a start-up to commence operations. Limited awareness of the processes increases the turnaround time for registration, hencedelays the commencement of operations for the Start-Ups. A single-window clearance system supported by interactive training manuals and checklists would enable Start-Ups to register themselves in an easy and timely manner.
The start-Up ecosystem needs a single platform for interaction and collaboration with each other. In order to establish a single platform for interaction and information sharing of various stakeholders, a Start-up Bihar portal has been launched. This portal provides instant access to start-ups for:
Accessing interactive tutorials for the registration process and checklist for the various clearances required with specified timelines
Registering with the relevant authority and filling various State Level compliances at the State level through standardized forms
The portal shall also be integrated with other Government of India sponsored Start-up
Portals for connecting with various stakeholders of the ecosystem
Interacting and collaborating with various stakeholders viz. registered network of mentors and professional experts, incubators, academia, empanelled Project Management Consultants and angel investors, SEBI-registered AIFs (Alternate Investment funds) and other stakeholders
Empanelled mentors of networks to start-ups having potential for growth and scalability
Accessing various State Government Schemes and Incentives available for Start-ups
The portal shall also be made available in form of a mobile app and supported by a Toll-free helpline to facilitate application/ assistance. Clearances for registration/ application shall be ensured in a time-bound manner.
Optimizing Regulatory Framework- Enabling regulatory environment for Start-up Ecosystem:
Starting up a business involves getting various stages of departmental approval and clearances. Most of the start-ups are unaware of the complex policies and regulatory framework, which may hinder their regular operations. Therefore, it is imperative for Government to minimize the regulatory compliances, punitive actions and provide support /awareness to these propellers of the next stage of economic growth.
In line with the above, Government shall enhance the ease of doing business by minimizing inspections and encouraging self-certifications:
Start-ups shall be exempted from licensing/registration for operations under various State Acts for a period of 5 years. However, Statutory Licenses (such as Drug License, FSSAI, Building Plan, Fire Fighting) shall be required to be obtained by the start-up if its nature of business/activity may lead to a potential threat to life and safety, in such cases Government shall bear the cost of the license(s)
Start-up shall be exempted from inspections by Government Regulatory Agencies for a period of five years unless there is a threat to life and safety. In case a unit has to be inspected for certain reasons the permission of the District Magistrate shall be obtained
Self-Declaration shall be submitted by Start-ups annually as per the format prescribed by State Government
State Government Departments/ PSUs shall be advised to give preference to Start-ups in the procurement process for products/services
State Government shall allot 10% of spaces in forthcoming industrial parks, SME Clusters and Hub for Start-ups/ Incubators/ Common Shared Infrastructure on preference, many other things. This could be a private agency or a government institution
Reference Document: Bi














