Siddaramaiah lists incentives proposed in new Industrial Policy
To promote women entrepreneurs, Karnataka’s new Industrial Policy 2014-19 offers additional 5 per cent investment promotion subsidy, Chief Minister Siddaramaiah has said.
Speaking after inaugurating ‘International Business Convention for Women Forging Links, Leveraging Networks’ here today, Siddaramaiah said additional financial benefits for women ranges from Rs. 5 lakh to Rs. 20 lakh.
Investor-friendly policy
The policy has been made investor-friendly by creating a conducive environment along with attractive incentives and concessions.
Micro, small and medium enterprises (MSME) industrial units promoted by women investors will get investment incentives in Zone 4 (industrially developed areas) also.
The Chief Minister said women entrepreneurs will get 5 per cent reservation for industrial plots and sheds in the industrial areas and estates established by Karnataka Industrial Area Development Board (KIADB) and Karnataka State Small Industries Development Corporation (KSSIDC).
Prominent women attending the international convention are Fay Jahan Ara, Princess of Bahrain; Aashna Kanhai, Ambassador of Suriname to India; Isher Judge Ahuluwalia, economist; and Ratna Prabha, Additional Chief Secretary, Department of Industries and Commerce.
“Our government proposes to set up the first exclusive industrial area for women entrepreneurs at Harohally in Kanakapur taluk in Ramanagara district and another one in Hubli or Dharwad,” Siddaramaiah said.
An exclusive cluster for women in textile, gems and jewellery is also proposed for women entrepreneurs. Entrepreneurship development programmes exclusive for women is also being planned.
Low-interest loans
Women entrepreneurs trained by CEDOK and other recognised institutions will be provided with low-interest startup loans on flexible repayment schedule. Reimbursement of the cost of preparation of project reports to the extent of Rs. 2 lakh per unit is also on the anvil.
