The State Government is planning to increase subsidy by 10 per cent for setting up small scale industries in the State. For this the State Government has decided to improve the integrated promotion policy to attract entrepreneurs for setting up Micro, Small and medium scale industries in the mountainous areas of the State.
The State Government has finalised land bank at 100 places in State for setting up the industrial units.
The final format of the policy was approved in a meeting chaired by Chief Secretary Subhash Kumar at a meeting held at secretariat on Thursday.
In the policy two categories A and B have been constituted for mountainous districts for setting up the Micro, small and medium scale industry. The border districts are put in A category while other districts are in B category.
The areas above the MSl of 650 mts in Dehradun and Nainital districts have also been put in the B category.
In the amended format the limit of subsidy in A category has been increased to 35 percent from existing 25 percent similarly the subsidy in B category would be increased to 30 per cent from existing 20 percent.
Similarly the Government has also decided to increase the rebate in interest of the loans. In the proposed plan the Government would also give rebate in the transportation of the raw materials.
The Government would select 500 entrepreneurs for skill development.
In the meeting Additional Chief Secretary Rakesh Sharma, Principal Secretary to Chief Minister Om Prakash and Principal Secretary Industry M H Khan were also present.