Tarun Gogoi announces credit linked incentive package for MSEs in Assam
Updated: Mar 12, 2015 01:05:35pm
Assam, March 12 (KNN) While presenting the state budget 2015-16, Sh Tarun Gogoi, Chief Minister of Assam announced the credit linked special incentives package for micro and small enterprises in the state to encourage the flow of credit to micro and small enterprises and to enhance their viability. Sh Tarun Gogoi also holds the additional finance portfolio.
Depending on the scale and entitlement, 10 per cent to 50 per cent interest subvention would be provided to micro and small enterprises on the term loan disbursed by the scheduled commercial banks and state financial corporation.
He further informed that his government has already launched the Angel Fund to provide the first generation micro entrepreneurs with soft loans at negligible interest rates. Special incentive packages for small and medium industries will be initiated along with setting up of industries.
The industries will be set up on the converted land available with the closed public sector undertakings (PSUs) with an aim to change them into productive industrial infrastructure.
The proposed industrial estates in all the district headquarters along with the withdrawal of entry tax on plant and machinery were welcomed by the Federation of Industry and Commerce of North Eastern Region (FINER). (KNN/SS)
Depending on the scale and entitlement, 10 per cent to 50 per cent interest subvention would be provided to micro and small enterprises on the term loan disbursed by the scheduled commercial banks and state financial corporation.
He further informed that his government has already launched the Angel Fund to provide the first generation micro entrepreneurs with soft loans at negligible interest rates. Special incentive packages for small and medium industries will be initiated along with setting up of industries.
The industries will be set up on the converted land available with the closed public sector undertakings (PSUs) with an aim to change them into productive industrial infrastructure.
The proposed industrial estates in all the district headquarters along with the withdrawal of entry tax on plant and machinery were welcomed by the Federation of Industry and Commerce of North Eastern Region (FINER). (KNN/SS)
Loading...
