Salient features of Industrial Promotion Policy 2014- Madhya Pradesh,India

Posted on 11 Oct, 2014 10:25 am

 "Online Investors Monitoring & Facilitation system" will be implement to provide facilities/permissions in prescribe time limit under single window to investors.
 Simplify the procedure of obtaining VAT & CST related assistance. 75% of the eligible amount against the total tax deposited by the investor every year shall be reimbursed immediately on the basis of confirmation.
 Categorization of district will be abolished for all types of units and facilities/assistance will be provided in whole state at par.
 State Level Empowered Committee will be constituted under the chairmanship of Chief Secretary for providing facilitation and assistance to large & Mega projects.
 Reimbursement of max. Rs. 3 crores to Medium, Large & Mega industries for developing power, water & road infrastructure outside the industrial.
 New/expanded industrial areas, where 100 acres or more area is to be developed, a maximum 20 percent of the total land will be reserved for housing/commercial activities.
 Measures shall be taken to earmark at least 20% of the land for MSME sector in new non-PPP industrial areas for necessary vendor development support to the large projects.
 Reduce minimum area to 50 acres for establishment of industrial park in private sector.
 Provision of interest subsidy on term loan will be given equally to all the industries at the rate of 5% for 7 years, under which ceiling is decided so that MSME sector can get benefit of max. interest subsidy.