Bihar is home to one of India’s fastest-growing economies, experiencing remarkable growth across various business sectors. The small-scale business sector possesses immense potential and will expand significantly in the coming years. let’s learn more about Small business ideas in bihar.
For aspiring entrepreneurs, here are 14 highly profitable small business ideas that offer promising opportunities and can pave the way for a successful venture in Bihar.
List of 14 Top Small Business Ideas in Bihar
The following is a list of one of the most feasible and profitable small business ideas in Bihar.
1. Silk Cloth Store
Bhagalpur district in Bihar produces premium-quality silk, creating a lucrative opportunity for local entrepreneurs. By establishing a silk clothing store, residents can tap into this thriving industry and generate substantial profits.
Investment: ₹3 lakhs to ₹5 lakhs
Market Potential
Experts project that the Indian saree, petticoat, and blouse market will reach a value of ₹228 billion by 2025. Consumers continue to seek silk sarees for their smooth texture and rich, vibrant colors. The Indian sericulture industry will grow significantly, reaching INR 1,194.5 billion by 2028, with a CAGR of 17.7% from 2023 to 2028.
Profit Margin: 50% – 80%
2. Coaching Centre
The success rate of Bihar’s residents excelling in competitive examinations is steadily rising, with coaching centers playing a crucial role in this achievement. For knowledgeable and meritorious individuals, establishing a small yet effective coaching center presents an excellent opportunity to earn while shaping the future of young minds.
Investment: ₹70000 to ₹1 lakh
Market Potential
India’s education sector has experienced remarkable growth in recent years, with students increasingly relying on coaching-based teaching methods. This industry will generate a revenue of ₹1,33,995 crores by 2028.
The online coaching market will reach approximately USD 4,567.44 million (₹6,81,490.26 crores) by 2030, expanding at a CAGR of 13.4% globally.
Profit Margin: 10% – 30%
3. Milk Dairy Business
A vast majority of the Indian population consumes milk as a staple in their diet. This high demand makes the dairy business a highly profitable venture that entrepreneurs can launch with minimal investment, offering significant growth potential.
Investment: ₹10 lakhs to ₹20 lakhs
Market Potential
The Indian dairy industry reached a value of ₹14,899 billion last year and will grow at a CAGR of 13.2% from 2023 to 2028, presenting a lucrative opportunity for entrepreneurs in this sector.
Profit Margin: 15% – 20%
4. Tailoring
This is a top low-investment business idea in Bihar for skilled individuals proficient in stitching and embroidery. While the ready-made garment industry continues to grow, the demand for hand-stitched clothing remains strong and ever-relevant.
Investment: ₹12000 to ₹1.5 lakhs
Market Potential
The tailoring industry is rapidly expanding, with an annual growth rate of 12%. Additionally, the Indian tailoring market holds a current value of ₹27,000 crores, highlighting its strong growth potential.
Profit Margin: 10% – 20%
Grocito empowers small businesses in Bihar by providing e-commerce store creation, custom website and app development, and digital marketing support. Whether you’re starting a silk clothing store, bakery, coaching center, or organic fertilizer business, Grocito helps you establish a strong online presence, manage payments, and streamline operations. With its School Management System and multi-vendor marketplace, Grocito offers tailored solutions to enhance business growth and profitability.
5. Beekeeping Business
People have used honey for its therapeutic properties since ancient times, and it remains a staple in Indian diets due to its health benefits and role as a natural sugar substitute. For farmers seeking a low-investment business opportunity in Bihar, beekeeping offers a profitable and sustainable venture.
Investment: ₹1 lakh to ₹3.50 lakhs
Market Potential
The beekeeping industry in India is highly profitable, with a market value of ₹23,060.5 million. It is expected to grow at a CAGR of 11.65% from 2023 to 2028. A successful beekeeping venture can generate annual earnings of up to ₹3 crores.
Profit Margin: 50% – 80%
6. Litti Chokha Restaurant
Litti Chokha, a traditional Bihari delicacy, has been enjoyed for generations. Known for its delicious taste and nutritional value, its growing popularity makes it an ideal example of a highly profitable, low-budget business opportunity in Bihar.
Investment: ₹1 lakh to ₹2 lakhs
Market Potential
The street food industry is at its zenith in India where vendors cumulatively earn ₹ 8000 crores everyday.The food service sector in India is currently growing at a CAGR of 11.19% and provides employment to several people across the nation.
Profit Margin: 35% – 50%
7. Bakery Shop
Those with excellent baking skills can venture into the bakery business, which has great potential for profitability. Most people love freshly baked products, making a bakery store a rewarding venture.
Investment: ₹80000 to ₹3 lakhs
Market Potential
The bakery business has immense potential primarily because freshly prepared bakery food items are in high demand. Besides, the Indian bakery business acquired an approximate market value of ₹ 95000 crores in 2022. Furthermore, it is expected to register a CAGR of 10.8% between 2023- 2028.
Profit Margin: 20% – 40%
8. Fish Supply
Bihar is the 4th largest fish producer in India, with well-developed road networks that facilitate the supply of fish both within and outside the state. This makes a fish supply business an ideal small-scale business opportunity for entrepreneurs in Bihar.
Investment: ₹25000 to ₹1 lakh
Market Potential
Bihar produces nearly 6 lakh tonnes of fish annually, with production rates continuing to rise rapidly. In recent years, Bihar’s aquaculture industry has generated a gross value of ₹62 billion. Additionally, the Indian fish market will grow at a CAGR of 8.81% from 2023 to 2028, offering significant opportunities in the sector.
Profit Margin: 15% – 20%
9. Organic Fertiliser Business
Bihar’s economy is largely agrarian, with agriculture contributing 25% of its total economic output. The demand for premium-quality organic fertilizers is on the rise in the state, making this business a promising and profitable opportunity.
Investment: ₹1.5 lakhs to ₹2 lakhs
Market Potential
The Indian fertilizer industry will grow at a CAGR of 5.7% by 2029, reaching a market value of ₹1,460.8 billion. As the population grows and food demand rises, the sector will experience exponential growth in the coming years.
Profit Margin: 5% – 10%
10. Wheat Processing
Wheat processing is an excellent small-scale business opportunity in Bihar, offering high profit potential. The wheat industry is a key contributor to India’s agrarian economy, and Bihar’s favorable climate makes it an ideal region for wheat cultivation.
Investment: ₹7 lakhs to ₹9 lakhs
Market Potential
With the increasing population across India, the demand for wheat remains consistently high. A single wheat mill business has the potential to generate revenues of up to ₹15,000 crores. Moreover, this sector is steadily growing at a CAGR of 5% in India.
Profit Margin: 15% – 20%
11. Jute Bag Business
The demand for jute products, particularly for environmental purposes, is steadily increasing across India as more people opt for eco-friendly alternatives. Given that Bihar is the 3rd largest jute producer in the country, starting a jute bag business in the state can be a highly profitable venture.
Investment: ₹50000 to ₹1.5 lakhs
Market Potential
The jute bag market in India is set to grow rapidly over the next 7-8 years. Forecasts expect it to expand at a CAGR of 4.9% from 2022 to 2032.
Profit Margin: 50% – 80%
12. Candle Making Business
Individuals looking to monetize their artistic talents can seize the highly profitable business opportunity presented by the widespread use of candles across India. High-quality, aesthetically pleasing candles with delightful fragrances are in great demand, making this venture both rewarding and lucrative.
Investment: ₹25000 to ₹2.5 lakhs
Market Potential
The candle-making business holds significant potential in India, largely due to its extensive use for religious and cultural purposes. This industry will grow at a CAGR of 4.81% from 2023 to 2027, with a profit margin of 40%.
Profit Margin: 30% – 45%
13. Pickle Making Business
Pickles have long been a beloved appetizer in Indian households, and no meal feels complete without them. Not only are they spicy and delicious, but they are also rich in beta-carotene and probiotics, making them a highly sought-after product.
Investment: ₹80000 to ₹1 lakh
Market Potential
The pickle business is thriving in India, with high-quality and delicious pickle brands achieving a 40% gross margin in a short period. From 2022 to 2027, the pickle-making industry will grow at a CAGR of 4.1%.
Profit Margin: 50% – 80%
14. Beauty Parlour
The beauty parlour sector offers substantial profit potential, as many people invest significantly in personal grooming. It is also a viable option for individuals looking to generate income by expertly applying their skills in the beauty industry.
Investment: ₹40000 to ₹50000
Market Potential
The personal grooming sector in India will reach a value of ₹20 lakh crores in 2023. Additionally, it will grow at a CAGR of 3.8% from 2023 to 2027.
Profit Margin: 30% – 40%
Conclusion
The list of small business ideas in Bihar outlined above provides detailed insights into the most popular and profitable ventures currently thriving in the region. Aspiring young entrepreneurs can benefit from this information to select the best option suited to their skills and interests. Small businesses typically require minimal investment and help mitigate financial risks, making them an ideal choice for new ventures.
