The Jharkhand government has put out draft industrial and textile policies for public comment, targeting Rs 1 lakh crore in investment.
For non-MSME units, the industrial draft proposes an incentive of 25 percent of fixed capital investment, capped at Rs 30 crore.
MSME units would be eligible for 20 percent of fixed capital investment, up to Rs 15 crore.
SC, ST, women and differently-abled entrepreneurs would receive an additional 5 percent benefit.
Officials expect the final policies to be completed within a fortnight and to generate more than 25,000 jobs.
The Directorate of Industries has uploaded both drafts on the Jharkhand Single Window Portal to invite comments from industry bodies, businesses and the public.
Officials have said the final frameworks are expected to be completed within the next fortnight, after stakeholder feedback is reviewed.
Under the industrial draft, MSME units would be eligible for 20 percent of fixed capital investment, capped at Rs 15 crore.
Non-MSME units would receive 25 percent of fixed capital investment, capped at Rs 30 crore, under the same draft.
Entrepreneurs from Scheduled Castes, Scheduled Tribes, women and differently-abled entrepreneurs would get an additional 5 percent benefit.
The textile draft proposes a 20 percent subsidy on fixed capital investment, with a cap of Rs 50 crore.
The textile draft also offers 100 percent reimbursement of net SGST for seven years, followed by 40 percent for the next three years.
Wage support of Rs 5,000 per month for male workers and Rs 6,000 per month for female workers is proposed for textile units.
Training assistance of up to Rs 13,000 per trainee is part of the proposed incentive package.
The drafts also propose electricity tariff and duty reimbursements, along with reimbursement of stamp duty and registration charges.
The state expects the combined policy push to generate more than 25,000 employment opportunities across manufacturing and textiles.
Steel plant, Jamshedpur, Jharkhand (representative image), Wikimedia Commons, CC BY 4.0
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