Bihar plans to develop its first Fintech City near Fatuha, modelled on Gujarat’s GIFT City, covering 242 acres and approved with a budget of Rs 408.81 crore for land acquisition.

The hub is expected to become a centre for financial and technology firms, startups, and a logistics park, creating significant employment opportunities and fostering innovation across the state. Industry Minister Dilip Jaiswal said the project will bring together banks, investment institutions, insurance companies, fintech startups, and IT firms in a single location.

“This initiative will provide advanced infrastructure and a supportive policy environment, enabling banks, investment institutions, insurance companies, fintech startups, and IT firms to operate efficiently,” he noted. The development will include a multi-modal logistics park to facilitate direct exports from Patna and boost trade, alongside a dedicated technology cluster to promote research and innovation. Officials described it as Bihar’s first large-scale hub for modern financial services, with the potential to transform the state’s economic and financial landscape.