Rajasthan Cabinet approves new MSME Policy 2015
Updated: Sep 30, 2015 02:25:46pm
Jaipur, Sept 30 (KNN) The Rajasthan Government has given its nod to the new MSME Policy 2015, along with the new policies for biotechnology. The Vasundhara Raje Cabinet also gave approval to set up 50 incubation centers for promotion of start-ups in the state.
The meeting chaired by Chief Minister Vasundhara Raje also approved a scheme for the revival of sick micro and small units. Distressed units will be given benefits for their revival and rehabilitation, Social Justice Minister Arun Chaturvedi said.
The MSME Policy 2015 is a revision of the MSME 2008, which was introduced by the Vasundhara Raje government during its first tenure.
"The policy would also focus on revival of sick units, promoting new ones, quality improvement, environment conservation along with providing low-interest loans and development of khadi, handloom and handicrafts sectors,'' said Chaturvedi, addressing a media briefing after the meeting on Tuesday.
Giving details about the new Rajasthan Startup Policy 2015, the minister said that it had been prepared to promote students and institutional incubation centres, which have innovative ideas.
"A target has been set to establish 50 incubator organisations in the next five years, to incubate 500 new startups, raising fund of Rs 500 crore through angel and venture capital. The government plans on development of one lakh square feet incubation space and to develop innovation based culture in the state,'' he said.
The Biotechnology Policy aims to address the investment and employment generation capacity in this sector, Chaturvedi added.
The cabinet also approved setting up of distillery plant by a chemical and fertilizer company in Baran, with an initial investment of Rs 367 crore. "This will generate jobs for 500 people," said Chaturvedi. (KNN Bureau)
The meeting chaired by Chief Minister Vasundhara Raje also approved a scheme for the revival of sick micro and small units. Distressed units will be given benefits for their revival and rehabilitation, Social Justice Minister Arun Chaturvedi said.
The MSME Policy 2015 is a revision of the MSME 2008, which was introduced by the Vasundhara Raje government during its first tenure.
"The policy would also focus on revival of sick units, promoting new ones, quality improvement, environment conservation along with providing low-interest loans and development of khadi, handloom and handicrafts sectors,'' said Chaturvedi, addressing a media briefing after the meeting on Tuesday.
Giving details about the new Rajasthan Startup Policy 2015, the minister said that it had been prepared to promote students and institutional incubation centres, which have innovative ideas.
"A target has been set to establish 50 incubator organisations in the next five years, to incubate 500 new startups, raising fund of Rs 500 crore through angel and venture capital. The government plans on development of one lakh square feet incubation space and to develop innovation based culture in the state,'' he said.
The Biotechnology Policy aims to address the investment and employment generation capacity in this sector, Chaturvedi added.
The cabinet also approved setting up of distillery plant by a chemical and fertilizer company in Baran, with an initial investment of Rs 367 crore. "This will generate jobs for 500 people," said Chaturvedi. (KNN Bureau)
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