Telangana CM A. Revanth Reddy, Deputy CM Mallu Bhatti Vikramarka, Industries Minister D. Sridhar Babu and others on the launch of MSME Coverage 2024 at Shilpa Kala Vedika of Madhapur in Hyderabad on September 18, 2024.
| Photograph Credit score: Ramakrishna G
Telangana authorities has unveiled a coverage devoted to micro, small and medium enterprises (MSME 2024) outlining motion plan to handle their key, progress constraining challenges round land, finance, uncooked materials, expert labour, market entry and know-how.
First such within the State that the Chief Minister A.Revanth Reddy described as one of many earliest coverage reforms launched by the federal government, since assuming workplace in December 2023, the coverage seeks to handle gaps for MSMEs within the TS-iPASS coverage.
As many as 40 measures to supply end-to-end help, from startup to sale part, kind a part of MSME 2024 coverage that the Chief Minister accompanied by Deputy CM Mallu Bhatti Vikramarka, Industries and IT Minister D. Sridhar Babu launched within the presence of trade leaders and entrepreneurs.
5 industrial parks
In direction of bettering entry to reasonably priced land, the brand new coverage stated 5 of the ten new industrial parks to be developed between present Outer Ring Highway and the proposed Regional Ring Highway might be solely for MSMEs. One might be reserved for women-owned MSMEs, whereas one other might be for revolutionary start-ups.
In all new industrial parks, 5% plots might be reserved for ladies and 15% plots for SC/ST entrepreneurs. Land value rebate for SC/ST entrepreneurs might be 50% with a cap of fifty lakh. The federal government additionally intends to encourage improvement of personal flatted manufacturing facility complexes and industrial parks, by providing stamp obligation reductions and rebates on the land value. It would assemble flatted factories with in-built services for ladies throughout 119 constituencies, significantly encourage SHG ladies members to arrange small companies.
Spurring on with subsidy
On challenges associated to finance, the MSME coverage proposes capital funding subsidy scheme underneath which SC/ST entrepreneurs will get 50% with a cap of ₹1 crore (for manufacturing items); whereas all different MSMEs will get a subsidy of 25% with a cap at ₹30 lakh; and ladies entrepreneurs a 20% further subsidy and extra cap of ₹20 lakh. Pilot programmes might be launched for MSMEs to entry credit score primarily based on future gross sales.
Different measures for accelerating progress of MSME, which the Chief Minister needed to play a key position within the State rising as $1 trillion economic system, the coverage has really helpful establishing of 10 new widespread facility centres to be developed round MSME clusters in as many districts; establishing cluster-based testing services on PPP mode; one warehouse might be constructed in PPP mannequin in every of the 5 ORR-RRR MSME parks. Development of warehouses might be inspired by 100% stamp obligation low cost and land value rebates. The obligation incurred on import of uncooked materials may even be reimbursed.
₹100 crore Yantram Fund
Underneath know-how help measures, the federal government will represent a ₹100 crore Yantram Fund to encourage adoption of know-how by MSMEs. The federal government may even include a coverage on preferential public procurement stipulating that 25% of such procurement might be from MSMEs. The federal government will help co-location of ancillary MSMEs which can be part of provide chain for large-scale MNCs setting base in Telangana. The ancillary MSMEs might be given the identical incentives as the big items.
Reimbursement of value
Bulk buy of digital know-how at discounted charges for MSME clusters and industrial parks might be taken up, whereas IPR registration value for all MSMEs might be reimbursed. Additionally, obligation on samples imported for prototyping as much as ₹10 lakh might be reimbursed. For ladies owned MSMEs, the restrict will as much as 15 lakh.
Revealed – September 18, 2024 05:02 pm IST
