BIADA was constituted under the statutory provision of the Bihar Industrial Area Development Act 1974 to provide for planned development of Industrial areas and promotion of industries.
Bihar State Financial Corporation was established in the year 1954 under SFC's Act, 1951 to promote Small and Medium Scale Industries by way of providing financial assistance.
It is working towards the sustainable development of the state and to create employment opportunities for the people, responsible for the promotion and regulation of industries in the state
Those wishing to set up industrial units in the state have to obtain clearances from 20 to 23 departments, including environment and forest, pollution, labour resources, and urban development.
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