New subsidy scheme – Women Entrepreneurs Policy announced recently

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New subsidy scheme – Women Entrepreneurs Policy announced recently
New subsidy scheme – Women Entrepreneurs Policy announced recently

The Highlights of the Women Entrepreneurs Policy – 2017 are as follows:

1.Capital Grant

For the women entrepreneurs belonging to Taluka Category A & B the Capital Grant is of 15% of total capital investment subject to maximum of 20 lacs.

This was pay in 5 equal instalments in 5 years.

2.Power Bill Grant

Enterprise receiving grant under this head from Central or State govt. is also eligible subject to total grant value does jnot extend beyond 50% mark

Micro, Small and Medium enterprises in Vidarbha Region are eligible for power grant of Rs. 2 per unit

3.Interest Rate Grant

Interest rate grant is applicable on the actual interest pay or 5% of total interest pay whichever is less.

This is applicable on any term loan take from Bank or Financial Institution.

4. Labour Welfare Assistance
Under this 50% of Employer Contribution towards PF/State Labour Welfare fund is payable for 5 years.
5. Brand Awareness
Entrepreneurs will be encouraged to promote their products, for this 50% of the expenses amount max upto 1 Cr grant will be given by state government.
6. Grant for Participation in Exhibitions

For participation in Domestic Exhibitions Rs. 50,000/- or 75% of cost of stall will have to pay.

For International Exhibitions Rs. 3 lacs.

or Women Centric exhibitions Min. 50% of stall value or upto Rs. 10 lacs Max will be paid.

7. Additional Carpet Area

15% additional carpet area at 25% lesser cost of space at Mall/ Industrial Zone/ Market Place.

This will be in the complete discretion of Town Planning and Industries Dept.

8. Incubation Centres

30% reservation for Women Entrepreneurs to promote their enterprise at all the incubation centres.

9. Group Development Centres
Under MSI-CDP approved projects of women entrepreneurs govt. will help to open
10. group development centres.

For each group 90% grant will be give to develop such centres

The Projects which are sanction under Central and State Govt. Group Development scheme and where 50% are women members such projects will be given 100%

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