The Government of Chhattisgarh unveiled the New Industrial Policy 2024-30 on the State’s foundation day, marking a bold step toward economic transformation and inclusive development. This policy sets a framework for fostering self-reliance and growth, aligning with the visionary goals outlined in “Amritkaal: Chhattisgarh Vision@2047.” The new policy aims to position Chhattisgarh as a leading industrial hub while empowering marginalized communities and promoting sustainable development practices.
Key Objectives of the Industrial Policy 2024-30
The Chhattisgarh Industrial Policy 2024-30 focuses on achieving the following objectives:
- Inclusive Development: Empowering marginalized groups, including surrendered Naxals, women, and the third-gender community, by providing equitable access to opportunities.
- Economic Growth: Stimulating investment and fostering entrepreneurship to accelerate the State’s industrial growth.
- Sustainability: Encouraging pollution-free industries and adopting environmentally responsible industrial practices.
- Ease of Doing Business: Simplifying processes through digitization and efficient administrative systems.
Special Provisions for Marginalized Communities
One of the most groundbreaking aspects of the policy is its focus on inclusivity:
Surrendered Naxals: A New Beginning
The policy includes a dedicated incentive package for surrendered Naxals, integrating them into the mainstream economy. Key initiatives include:
- Entrepreneurship Training: Skill development programs tailored to enhance employability and entrepreneurial acumen.
- Financial Support: Subsidies and financial aid to encourage participation in economic activities, ensuring a dignified livelihood.
Third-Gender Community: Breaking Barriers
Recognizing the economic and social challenges faced by the third-gender community, the policy provides:
- Financial Backing: Access to government-backed loans and grants to start enterprises.
- Skill-Based Training: Customized programs to foster self-employment and build confidence, enabling a shift from social exclusion to active participation in the economy.
Women Entrepreneurs: Empowering Potential
To increase women’s participation in industry and entrepreneurship, the policy offers:
- Tax Exemptions and Subsidies: Financial incentives to promote small and medium enterprises (SMEs) led by women.
- Skill Training: Hands-on training in business management and vocational skills to enable sustainable employment opportunities.
Economic Development Measures
The Industrial Policy 2024-30 introduces strategic measures to attract investment, support industries, and promote innovation:
Enhanced Grant Subsidies
- Subsidies for new enterprises have been increased from 18%-20% to 30%-35%, providing a significant boost to start-ups and SMEs.
Innovation Support Fund
- A dedicated ₹50 crore fund has been created to support start-ups, helping entrepreneurs turn innovative ideas into viable businesses.
Focus on Pollution-Free Industries
- The policy prioritizes sectors like Electric Vehicle (EV) manufacturing and sustainable product development, aligning with environmental goals and promoting green industries.
Investment Incentives
- Cluster Development: Focused support for industrial clusters to foster synergy and economies of scale.
- Logistics and Infrastructure: Enhanced facilities for transportation and logistics to streamline supply chains.
Single Window System 2.0: Transforming Ease of Doing Business
The introduction of the Single Window System 2.0 represents a revolutionary leap in simplifying industrial processes. Key features include:
- Integrated Portal: Offers over 100 facilities spanning 16 government departments.
- One-Time Login: Investors need only log in once to apply for permissions, licenses, and registrations.
- End-to-End Digitization: Eliminates the need for offline interactions, with payments facilitated through e-challan.
- Real-Time Updates: Applicants can track the status of their applications and receive updates directly through the portal.
This system drastically reduces bureaucratic hurdles, making Chhattisgarh an attractive destination for investors.
Sector-Specific Incentives
The policy focuses on developing key sectors to ensure balanced industrial growth:
Electric Vehicles and Green Manufacturing
The policy emphasizes pollution-free industries, offering benefits such as:
- Subsidies for EV manufacturers.
- Incentives for producing eco-friendly products.
Agro-Based Industries
Chhattisgarh, rich in agricultural resources, encourages:
- Value addition in agro-products.
- Development of food-processing units with financial support.
Start-Up Ecosystem
- Dedicated funding and skill incubation centers aim to nurture innovation.
- Support for converting ideas into scalable businesses.
Chhattisgarh Vision@2047: Roadmap to the Future
The New Industrial Policy 2024-30 aligns with Chhattisgarh’s long-term vision to become a self-reliant, inclusive, and sustainable industrial powerhouse by 2047. By prioritizing inclusivity, streamlining processes, and encouraging green industries, the policy lays a strong foundation for achieving this ambitious goal.
Conclusion
The Chhattisgarh Industrial Policy 2024-30 is a bold and progressive step, setting a benchmark for inclusive and sustainable industrial development. By addressing the needs of marginalized communities, simplifying investment processes, and fostering innovation, the policy not only accelerates economic growth but also ensures that development reaches every corner of the society. Chhattisgarh is poised to emerge as a model state for balanced industrialization and social empowerment, paving the way for a prosperous future.
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