Special incentive package for steel industries
Special
industrial investment incentive package for SC, ST entrepreneurs
Raipur, 23 October 2020. Amendments have been notified on a total of 21 points in 2019-24 in the New Industrial Policy to accelerate the industrial development of Chhattisgarh State to achieve the goal of inclusive growth and to build a mature economy. In this, the small scale industries will have the option of filling the capital subsidy in cash or GST. Till now it was eligible for cash grant for micro industries. The government, accepting the demands of various industrial organizations, gave small and medium scale industries cash or GS. It is decided to grant in T. A special industrial investment incentive package has been announced for scheduled castes and scheduled tribe category entrepreneurs. Under this, more benefit will be given from previous industrial policies. Like new industries, the government will give incentives for expansion of old industries. Industries now used to have money in transportation to export from the state to other countries. In that, the government will give a grant in transportation costs. Under this, the government will provide a grant of 20 lakh rupees per year.
Under the new industrial policy, the MSME has been defined separately by the state government under the leadership of Chief Minister Mr. Bhupesh Baghel and the definition of large service enterprise has also been released. According to the demand of the investors, provision was made for small and medium scale industries by not limiting the permanent capital investment grant to micro industries. The count period of permanent capital investment has also been extended by expanding existing industries. Special incentive package has been announced for the mega, ultramega industries under the Stachvam Chwaspabal to promote the steel sector, the backbone of the industries of the state. These will be those units which have signed MoUs with the state government. Will execute
Chhattisgarh state start-up package has been included in the policy to incorporate new ideology in industries and create new jobs. These start-ups will be provided more facilities from other industries with less formality. Special industrial investment incentive package has been released for SC / ST entrepreneurs to promote inclusive growth. Under this, SC / ST entrepreneurs will get more benefits from the earlier facilities.
Through the core sector, large, mega, ultramaga industries will now be given full exemption in electricity duty on setting up industries in any category of location. Now it is no longer necessary to be a 100% exporter of the unit for transport grant. Eligible micro, small and medium scale industries to be set up by entrepreneurs of the general category will be provided with land premium on the allotment of land in the industrial areas of the Department of Industries / CSIDC. The much awaited land transfer fee has been reduced by entrepreneurs. At the same time, the maximum limit to start production has also been increased.
