Business and Economy of SiwanSiwan is noted for being the birthplace of the first president of India, Dr. Rajendra Prasad. The average literacy rate of Siwan is 72%, and this is much higher than the state literacy rate of 63.8%. A higher literacy rate is always favorable to the economic progress.The economy of Siwan district, for the most part, is driven by the agricultural sector. The agricultural products are alluvial in nature – consisting majorly of paddy and wheat.
Agricultural Scenario in Siwan
Industries in Siwan CitySmall industries dominated by micro enterprises and artisan-based industries, play a significant role in the industrial sector in the state. But over the years, the industrial scenario is seeing a gradual decline.
The industrial setting is based on small enterprise units consisting of wood and wooden based furniture, leather based products and paper based products. Four industrial units are currently operating, out of which two are cement units.The artisan based industry has a huge potential in the Siwan district when compared to other districts in Bihar. Earlier, the handlooms in Siwan produced bed sheets, towel, waist leg wrap (lungi), mosquito nets, shawls and sarees.The government is making extensive plans to revive the weakening economy and improve industrial development, in order to continue and sustain the production industry.One of the recently proposed plans is to bring in agro-based cottage industries.