Raipur, August 20, 2012
The government’s five-year industrial policy (2009-2014) contains host of benefits for scheduled caste (SC) and scheduled tribe (ST) people aspiring to establish their industrial units.
The industrial policy contains special provisions besides several grants for SC and ST entrepreneurs.
According to information, the aspirants could take benefits like free-of-cost land allocation, reservation in plot allocation, grant for capital investment, grant for margin money, interest grant, etc by applying district entrepreneurship and industrial centre of their respective areas.
There will be provision of 25% of industrial land reservation in developing areas and 50% in backward areas for SC and ST entrepreneurs for two years.
The margin money (i.e. 25% of the total investment) to be paid to the bank to get loan will be provided by the government. However, the margin money amount should not exceed Rs 35 lakh.
Similarly, interest grant (75% of the term loan interest or maximum of 60 lakh) would be provided annually for seven years. Similarly, the government will provide capital investment grant, which will either be 35-45 percent of the total investment or up to Rs five crore.
The government will also give cash prizes to best three SC and ST entrepreneurs, i.e. Rs one lakh, Rs 51000 and Rs 31000. Besides, the government will waive off stamp and land-diversion duties on lands allocated to SC and ST entrepreneurs.
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