Under this policy, 25 per cent of the available land in any particular area would now be reserved for marginal and small industries, official sources said here today.
Besides this, 25 percent of the available land would also be reserved for industries which can promote special industrial products and give impetus to the scientific entrepreneurship and technology development of the backward areas.
Remaining 50 per cent of the land would be allotted through "selective lottery" system with certain clauses.
The sanctioning authority for the land allotment will be a board headed by the industries minister.