The Jharkhand government has extended its incentives scheme for new industrial units worth investments of more than Rs 50 crore under a special incentives and investment subsidies-based package.
The investment should in the form of expansion, diversification, modernisation or a new setup. The incentives and subsidies would be based on the investment made in three categories of blocks - forward, average and backward in different districts of Jharkhand which was incorporated in the Jharkhand industrial policy, 2001.
New, existing and loss-making units making more than Rs 50 crore investment would get special incentives and investment subsidies. New units to get Rs 4-10 crore investment subsidy for 7-9 years, existing units would get Rs 3-7 crore investment subsidy for 7-9 years while loss-making units would get Rs 5-15 crore investment subsidy for 9-11 years and interest subsidy, waiver of registration fee and stamp duty and subsidy on pollution control equipment.
Ironically, representative bodies of the small-scale sector reacted to the scheme with some alarm, expressing fears that incentives for big units would hurt small-scale units.
President of Federation of Jharkhand Chamber of Commerce & Industries Gulshan Lal Ajmani said the Jharkhand was fast turning into a graveyard for small scale industries but the government was not concerned about the crisis.
The government
