First-gen women MSME entrepreneur can avail 1 crore capital subsidy in Maharashtra’s new industrial policy
New Delhi, Dec 6 (KNN) Aiming at facilitating entrepreneurship among women, the Maharashtra government recently announced a number of incentives for the women setting up their Micro, Small and Medium Enterprises (MSME) units in the state.
Under the dedicated policy for women entrepreneurs, first-generation women entrepreneurs who set up micro, small or medium enterprises (MSMEs) in the state can avail a capital subsidy of up to Rs 1 crore, depending on location of the unit.
Industry Minister Subhash Desai in a press interview informed of the latest development.
The Minister said that businesses that are run by women would be offered special concessions for parking their units. Also special tariffs on power, subsidies on interest and branding are to be provided to the women entrepreneurs under the new policy.
The aims at creating more women entrepreneurs in the light of the fact that despite Maharashtra being most industrialised state in the country, it has a poor women participation rate of 9 per cent in the MSME sector whereas the corresponding national average is around 13.8 per cent.
With the dedicated policy for women in place, the government intends to increase the women’s participation in the MSME sector up to 20 per cent over the course of five years. (KNN/ DA)