Chhattisgarh announces incentives under new industrial policy

New Delhi, Nov 9 : Chhattisgarh has notified 21 important amendments in its new Industrial Policy 2019-24, offering small and medium industries the options of capital subsidy in cash or GST benefits.
Till date, only micro industries were eligible for cash grant.
A Special Industrial Investment Incentive Package has been announced for entrepreneurs belonging to the Scheduled Castes and Tribes categories. Benefits provided under this package would be far better than those given under the previous policies, the state government claimed.
Like new industries, the state government would also promote established ones.
Industries bearing total expenses on export of goods from Chhattisgarh to different countries, will now be given subsidy of Rs 20 lakh per annum on transportation cost.
Chief Minister Bhupesh Baghel said: “The state government has separately defined the MSME in the new industrial policy as well as extensive service entrepreneurship. As per the demands of investors, Permanent Capital Investment Grant has been provisioned for small and medium category industries as well.”