#Startup policy launched to setup micro, small and medium enterprises #MSME Units

Startup India

First of its kind Startup India policy was launched by Union minister for micro, small and medium enterprises (MSME)

Kalraj Mishra and Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan werehere during the inaugural session of two-day MSME convention on Saturday.

Shree Shivraj Singh Chouhan said thet facilities and assistance given to set up MSMEs would be brought under Public Service Guarantee Act to ensure that hurdles are removed in setting up of industries.

Orders related to capital grant, VAT reimbursement and entry tax rebate will be released in a month.

He further announced that a maximum rebate on land value from 90% to 95% will be made in slab of rebate being given to MSME units on the area of land allotted and its value.

Referring to 12 tool rooms to be set up across the country for small-scale industries, Mishra said 15 new technology centres will be set up with assistance of the World Bank. One of them will be set up at Acharpura of Bhopal at a cost of Rs 125 crore in which 8,000 entrepreneurs would be imparted every year. Margin money of Rs 160 crore has been made available for Madhya Pradesh and the state is leading in the country. Mishra also laid foundation stone of technology center.

Shree Kalraj Mishra said incubation centre will be opened in Dewas and Amarkantak, Hoshangabad and Betul will be included in Sfurti Yojana of Union government in which traditional industries are being renewed.

“Shivpuri and Govindpura have been included in the cluster development”. he informed further. He urged the state government to send proposal to encourage traditional industries in SC/ST-dominated 21 districts and to make SC-ST hub for establishment of new industries. The proposal will be examined and approved, he promised.

In his address Shree Shivraj Singh Chouhan said, 5 lakh micro, small and medium industries will be established in two years in the state.

Her also claimed all announcement made earlier related to MSMEs have been fulfilled.

Source : http://timesofindia.indiatimes.com/city/bhopal/Start-up-policy-launched-to-set-up-MSME-units/articleshow/54636316.cms