BIMCGL is a joint venture between which two bodies?
- A.BIADA and the National Industrial Corridor Development and Implementation Trust
- B.BIADA and the Bihar State Industrial Development Bank
- C.NICDC and the Gaya Municipal Corporation
- D.NITI Aayog and the Bihar Chamber of Commerce
Correct answer
Explanation
The correct answer is the Bihar Industrial Area Development Authority and the National Industrial Corridor Development and Implementation Trust, commonly written as BIADA and NICDIT, which hold equal equity in the company. BIMCGL was incorporated on 6 January 2025 as the dedicated implementing agency for the Gaya cluster and will handle coordinated planning, infrastructure work, statutory clearances, utility connectivity and investor facilitation. The Union government released its first tranche of equity, ₹132 crore, in September 2025 against the transfer of 415 acres, while the state government has taken possession of the entire project land. Options B, C and D pair the right kind of institution with the wrong partner or name bodies with no shareholding in this company. Hence option A is the correct pairing to remember.
Read the full article: Bihar Integrated Manufacturing City Gaya Limited Launched
Practice Questions
The Integrated Manufacturing Cluster at Gaya is being developed under which industrial corridor?
- A.Delhi–Mumbai Industrial Corridor
- B.Amritsar–Kolkata Industrial Corridor
- C.Chennai–Bengaluru Industrial Corridor
- D.Vizag–Chennai Industrial Corridor
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The cluster is spread over about 1,670 acres in Dobhi block of Gaya district, and the Union government approved it on 28 August 2024 at a total cost of ₹1,339 crore including the cost of land.
Read the full explanation →How many MoUs were signed at the launch of BIMCGL, and for what proposed investment?
- A.Twelve MoUs for about ₹4,200 crore
- B.Twelve MoUs for about ₹31,750 crore
- C.Twenty MoUs for about ₹16,500 crore
- D.Eight MoUs for about ₹1,339 crore
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Those agreements were signed with prospective investors for roughly 300 acres of industrial land at the Gaya cluster, and the employment potential attached to them was estimated at 16,095.
Read the full explanation →In which block and district is the Integrated Manufacturing Cluster of about 1,670 acres located?
- A.Barachatti block, Nawada district
- B.Dobhi block, Gaya district
- C.Bihta block, Patna district
- D.Dhobi block, Jehanabad district
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Its location is convenient for industry because it lies close to National Highways 22 and 19 and Gaya airport is roughly 39 kilometres away, giving access to major industrial and commercial centres.
Read the full explanation →What cumulative disbursement does SMFCL aim to reach by the end of FY2031?
- A.Rs 5,000 crore
- B.Rs 4,500 crore
- C.Rs 11,563 crore
- D.Rs 60,205 crore
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The corporation looks well beyond its present book and plans to reach cumulative disbursements of that size by the end of FY2031, a build-up that depends on equity support so that it can scale in line with Reserve Bank norms and its debt-to-equity ratio.
Read the full explanation →Who has been appointed the official Fund Manager for the Maritime Investment Fund component of the Maritime Development Fund?
- A.SBI Ventures Limited
- B.SMFCL itself
- C.The Securities and Exchange Board of India
- D.The Reserve Bank of India
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The correct answer is SBI Ventures Limited, which has been appointed the official Fund Manager for the Maritime Investment Fund component and brings professional management to the fund.
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