Efforts to promote entrepreneurship, self-employment and industrial development in Bhagalpur district have shown steady progress, with 534 new companies registered between FY2022-23 and FY2024-25.
The information was provided by the Central Government in a written reply to Lok Sabha question No. 3576, raised by the Bhagalpur Member of Parliament.
Alongside the growth in company registrations, businesses operating in the district spent a combined ₹33.15 crore on Corporate Social Responsibility (CSR) initiatives during the same three-year period, supporting healthcare, sanitation, education, rural development and livelihood-related activities.
Healthcare Receives Highest CSR Allocation
Healthcare emerged as the largest area of CSR spending in Bhagalpur, with companies allocating ₹10.96 crore towards strengthening health-related services.
The sector-wise CSR expenditure reported by the government includes:
- Healthcare: ₹10.96 crore
- Sanitation: ₹5.45 crore
- Education: ₹4.40 crore
- Rural Development: ₹3.97 crore
- Livelihood Enhancement: ₹3.89 crore
Companies also directed CSR funds towards other social welfare and public development initiatives in the district.
534 Companies Registered Between FY23 and FY25
The government data shows that 534 companies were registered in Bhagalpur over the three financial years from 2022-23 to 2024-25.
The rise in registrations reflects the growing focus on entrepreneurship and formal business activity in the district. However, the government clarified that the number of startups among these 534 companies is not available separately because startups are not classified independently in the MCA-21 database.
Company Registration Process Now Fully Digital
The Central Government said the company registration process has been simplified and digitised as part of its Ease of Doing Business initiatives.
Entrepreneurs can complete company incorporation-related procedures online through platforms such as SPICe+ and AGILE-PRO-S, reducing the need for physical visits to government offices.
The government has also introduced measures such as simplified KYC procedures and fast-track merger provisions to make the corporate registration process more efficient.
No Separate Registration Centre Proposed for Bhagalpur
The government clarified that there is currently no proposal to establish a separate company registration centre or DIN office in Bhagalpur.
Officials said that most company-related services are already available through digital platforms, allowing entrepreneurs to complete registration and other formalities remotely.
The combination of increasing company registrations and CSR investment highlights the growing role of the private sector in Bhagalpur’s economic and social development.
Author
About the Author
