With the formation of new government in Chhattisgarh, revolutionary changes have been brought in the industry policy here. These changes will be very important in moving the state’s economy towards an inclusive goal. Apart from attracting industries, the interests of the state have also been taken care of. Another main objective of these changes is to give a mature shape to the state’s economy.
The new government has notified 21 important amendments under the leadership of Chief Minister Shri Bhupesh Baghel in the new industrial policy of the state 2019-24. In this, the small scale industries will have the option of filling the capital subsidy in cash or GST. Till now it was eligible for cash grant for micro industries. Accepting the demands of various industrial organizations, the government has decided to give grants to small and medium scale industries in cash or GST. A special industrial investment incentive package has been announced for scheduled castes and scheduled tribe category entrepreneurs. Under this, more benefit will be given from previous industrial policies. Like new industries, the government will give incentives for expansion of old industries. Industries now used to have money in transportation to export from the state to other countries. In that, the government will give a grant in transportation costs. Under this, the government will provide a grant of 20 lakh rupees per year.