New policy announced for promotion of women entrepreneurs in Chhattisgarh

The Government of Chhattisgarh introduced a new policy to provide financial help, incentives and subsidies to women entrepreneurs to start or expand their business. Chief Minister Bhupesh Baghel on Friday announced the ‘State Women Entrepreneurship Policy, 2023-28’ on the social media platform Twitter. He said that the aim of his government is to make women job givers and not job seekers. Baghel tweeted, “It is a pleasure to inform that we have launched the ‘State Women Entrepreneurship Policy, 2023-28’. Our aim is that our women become not just job seekers but also job providers. Take the state forward with new startups, new business.

A government official said that the policy aims at faster development of women groups, entrepreneurs, their businesses and startups. He said that under this policy, a provision has been made to give loans up to Rs 50 lakh to the women of the state for setting up manufacturing enterprises, up to Rs 25 lakh for service enterprises and up to Rs 10 lakh for business enterprises. The official said that economic investment incentives would be provided to women for setting up micro, small and medium manufacturing and service enterprises and also for expansion of such units already established. He informed that the entrepreneurs would be paid net State Goods and Services Tax for six to 16 years from the date of commencement of production in the new unit. Similarly, other facilities given to women entrepreneurs include waiver of electricity duty for six to 12 years from the date of commissioning of the project.

Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.