Jaipur
The micro and small scale enterprises in rural areas and investment subsidy has been raised for investments in backward areas
Updated : Feb 13, 2018, 06:15 AM IST
Rural and backward areas remain in focus for chief minister while deciding perks for industries.The budget proposes to make these areas as profitable investment destinations.
Various incentives have been proposed for the micro and small scale enterprises in rural areas and investment subsidy has been raised for investments in backward areas.
The budget increases the interest subsidy on farm based industries and services up to Rs 7.5 lakh from the limit of Rs 5 lakh.The subsidy rate has also been increased from 5 per cent to 6 per cent for women, backward and bona fide investors.The criteria for non-refrigerated warehousing under the Rajasthan Investment Promotion Scheme (RIPS) has also been eased to include warehouses upto 3000 MT and the minimum investment threshold has also been decreased to 1.5 crore. Inclusion of refrigerated van under RIPS has been proposed to promote investment in cold chain supply system.
These are to inspire farmers for entrepreneurship, strengthen support structure for agriculture and generate employment opportunities in rural areas. the micro and small scale enterprises in rural areas and investment subsidy has been raised for investments in backward areas
An additional interest subsidy of upto Rs 20 lakh has been proposed for agro processing and agri marketing units to come up in Tribal Sub Plan area.A Rs 5 crore infrastructure support subsidy has been proposed for the first investment projects of more than Rs 50 crore to be made in farm-based industries and IT in the most backward areas of the state.