What Are Some Best Business Ideas for Women in Bihar?

Are you a woman looking for some extra income during free time? Then, there are numerous small business ideas for a woman that you can pursue. Many such small scale businesses for ladies require only minimal investment. States like Bihar are increasingly supporting business for ladies sitting at home. They are a good source of income generation and employment opportunities. In this blog, let us explore the best business ideas in Bihar suitable for women.

Why Should you Start a Side Business?

In Bihar, agricultural activities are shrinking rapidly. On the other hand, there are multiple opportunities for providing consumer products and services. This creates a favourable environment to start a business for ladies sitting at home. The hassles around bookkeeping and accounting should never prevent you from starting a business. There are many user-friendly bahi khata management applications such as OkCredit that can help you navigate through this with ease.

Now that accounting and bookkeeping have been sorted, the most important question to ponder on is what is the best business in Bihar. Check out some tips for selecting the best small business ideas for women in Bihar.

Business Prospects in Bihar

Bihar is making steady progress; with numerous government reforms, the business environment is rapidly changing. There are various schemes by the state and central government for supporting small business owners in Bihar. Many schemes specifically support small scale business for ladies. Bihar has a strong network of women self-help groups. They provide support for pursuing side business ideas for ladies. Additionally, there are multiple channels for access to credit. In short, the entire business ecosystem is favourable for women to start a small scale business in Bihar.

List of Business Ideas for Women in Bihar

Business is more than mere profit-making; it’s about providing an innovative solution to the problems of your target audience. Without adequate planning, even the best business ideas won’t take off properly.

Bihar offers numerous opportunities for starting a new business. For first women entrepreneurs, a side business for extra income can be a good starting point. Let us explore some of the best side business ideas for ladies in detail.

1. Tailoring unit

A small tailoring unit can be started as a group activity by 3-4 women. There is enormous demand for tailoring services in the domestic market. It is a recurring demand, and you can expect consistent cash flow. Additionally, institutional tie-ups for making uniforms, etc. can fetch you decent income in the long run.

A tailoring unit requires only minimal capital investment. You can start this with 2-3 sewing machines and few accessories. This is an excellent home business for ladies.

2. Food processing unit

Agricultural yield is a perishable product. One of the efficient ways to preserve them is through food processing. Preparation of pickles, powders, and jams are the ways of processing food products. A food processing unit is a good small business idea for women as it has minimal space requirements.

Based on the nature of the processing, you can purchase suitable machinery. You can avail loans from the MSME department (Micro Small and Medium Enterprises) for this project. There is a high demand for homemade food products in the market. Hence, food processing can be one of the best businesses in Bihar.

3. Grocery shop

Grocery items are always in high demand. This is a very lucrative small scale business in Bihar for women looking for a source of side income. You can either rent a small shop in a residential area or operate from the comfort of your home there’s extra space to run a grocery.

The target customer group of home-based groceries are the residents of the neighbourhood who prefer not to run too far every now and then for their day to day grocery requirements. Take the help of your family members to carry out bulk procurement activities.

A grocery shop needs a proper bookkeeping method as you have to deal with multiple customers and wholesalers on a regular basis. Don’t worry; go for the OkCredit udhar bahi khata app for managing a digital ledger.

4. Beauty salon

People have become very conscious about their appearance these days. A beauty salon offering multiple personal grooming services is an excellent side business idea for ladies. A beauty salon requires an initial investment because the look of the business centre plays a crucial role in attracting and retaining clients. A beauty salon is a good business idea if you have easy access to loan schemes.

The initial investment can range up to 10-15 lakhs, covering infrastructure, equipment and trained workforce. If you have the right business attitude and skills, a beauty salon is the best business idea for a woman.

5. Handicrafts shop

In the last few years, the tourism sector has seen unprecedented growth in Bihar. Places like Bodh Gaya, Vaishali, Nalanda, etc., are prominent tourist destinations. Due to the influx of foreign and domestic tourists, there is a surge in demand for handicrafts. A handicrafts stall is a good side business idea for ladies.

It is a seasonal business with no requirement for permanent shop space. Moreover, this is a high-margin business with low operational costs. You can source products from local artisans and stock them up before the tourist season. Good communication skills are necessary for increasing your sales.

6. Mobile and electronics shop

Mobile phones and electronic gadgets have penetrated every nook and corner of our country. Bihar is no exception! A shop selling mobile phones and accessories is the best business idea for Bihar or anywhere in India now. You need to invest in a shop space in busy market areas. It is also a very competitive business. However, good customer service and quality products can win the game for you.

7. Tent and pandal decoration

Marriages are a grand affair in Bihar. It is one of the rare occasions when every income group tends to spend money to the best of their abilities.

There are plenty of business opportunities for rental services related to marriage. Tent and pandal contractors can make excellent profits during the wedding season.

This is a great side business idea for ladies who wish to make an extra income. You need to invest around Rs 1 to 1.5 lakh in necessary materials and accessories at the beginning. If you have enough storage facilities at your home, there is no need for additional expenses on a rented storage centre.

8. Flour mill

Bihar is a state where there is high demand for wheat flour. The use of wheat flour in Bihari cuisine is optimum, be it at the commercial or domestic level. Despite the availability of branded flours, people still prefer fresh flour from the local mills. It is cheap and nutritious.

A flour mill has a lot of potential in every part of the state. But you need to invest upfront in some heavy machinery. Under various schemes, women can apply for loans to buy these machines. If you partner with hotels, it is a great business idea for a woman in Bihar.

9. Catering services

There is immense potential for providing catering services for festivals and marriage functions. Factories also employ food caterers on contract for running canteens. You can start a catering service with the support of your family members. In the case of large contracts, a group of women can come together to provide these services. Catering service indeed is a good business idea for ladies sitting at home looking for the right business opening.

10. Computer and Xerox shop

Internet services are now an essential aspect of our daily lives. Job applications and government documents are now filed online. In rural areas of Bihar, people still have limited access to personal computers. Naturally, there is scope for starting a computer centre with Xerox services. It has the potential to become a high-income generating small scale business for ladies.

In a computer shop, you can expect numerous small cash transactions daily. Keeping track of this can be a daunting task. With the OkCredit udhar bahi khata app, you can easily manage all these entries.

Conclusion

Starting a business requires a lot of effort and hard work. If you are planning to start a small scale business in Bihar, this is a perfect time; the state offers a business-friendly environment. There are numerous business ideas for women with a high chance of success. With a well-thought-out plan, you can take the crucial step of starting your venture.

If you are worried about daily bookkeeping and ledger entries, OkCredit bahi khata would be helpful. So don’t wait; pick up the best business ideas for Bihar from our list and take the leap of faith towards realising your dreams of entrepreneurial success!

Also read:

1) Best Small Business Ideas For Women
2) What are Some Beneficial Government Policies for Small Home-Based Businesses in India?
3) Top 10 Businesswomen in the Industry & What You Can Learn From Them
4) How to Start a Flower Shop Business in India?
5) OkCredit: Simple, Paperless & Secure solution for businesses

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FAQs

Q. What are the benefits of starting a side business?

Ans. A side business is a good choice for making some extra income. They require low investment, and you can work at your convenient time. They are less risky and offer the flexibility of being your own boss.

Q. Is maintaining a daily ledger important for small businesses?

Ans. Yes, a daily ledger is a crucial aspect for achieving discipline in business. It also helps in tracking daily income and expenses. There is an udhar bahi khata app from OkCredit that makes this activity easier for you.

Q. What are the three best businesses for ladies sitting at home?

Ans. There are various business ideas that you can start without a shop setup. Catering services, tent and pandal decoration, and tailoring are the best business for ladies sitting at home.