There is an entrepreneur hidden in each one of us. At some point of time, almost everyone has had an idea which could change the world. But just having an idea is certainly not enough; to materialize that idea into reality comes the main hurdle-a hurdle where many business ideas ...
Read More »Apprenticeship Training Scheme in Bihar- A Way to Provide Employment Opportunity
In order to provide opportunities to the people who are seeking jobs in various sectors or semi-skilled graduate from ITI/PITI to help them to get into the job training as an apprentice (trainee) in industries or service based activities, the Bihar government operates a scheme known as Apprenticeship Training scheme(ATS). ...
Read More »MFPS- A Linkage between Farming and Food Processing Industry
Mega Food Parks Scheme With an aim to establish direct linkages from the farm to processing and to consumer markets, through a network of Collection Centres and Primary Processing Centres, Mega Food Park Scheme was launched in 2008 by the Ministry of Food Processing Industries, Government of India. The key ...
Read More »Bihar Industrial Investment Policy: The Gateway for Establishing Business
The state government of Bihar launched its Industrial Investment Policy in the year 2011 with a view to establish new industries, develop international level of basic infrastructure and to attract more domestic and foreign investment. Fiscal incentives under this policy: Tax related exemption- Stamp duty/registration fees- All new MSMEs and ...
Read More »Doing Business in Haryana: MSMEs to get Financial Benefits in New Industrial Policy
In a bid to promote Haryana as a prominent destination for investment and to have a balanced regional and sustainable development through a transparent governing system giving special focus on MSME sector, the state launched its New Industrial Policy known as Enterprises Promotion Policy, 2015. Objective: Promote the state as Preferred ...
Read More »Rahat Scheme for Punjab Traders
In a bid to reduce lump sum tax on traders/retailers, the state government of Punjab launched Punjab Small Traders Rahat Scheme, 2014. This scheme provides a hassle-free platform to traders to opt for lump-sum annual taxes under the below mentioned categories. Eligibility criteria: He/she has to be a retailer The person ...
Read More »Punjab as Envisioned in its Industrial Policy, 2013
Punjab was the first Indian State to use agricultural technology to engineer a “Green Revolution” which recorded the highest growth rate in food production in the country. But the state was in dire need of a new industrial policy so the state government launched its new Industrial policy in the ...
Read More »Emerging Assam- Understanding Its Industrial & Investment Policy
Despite being rich in natural resources and having huge human capital, Assam’s growth rate has been far behind than that of other industrialized states. One of the main reasons behind this is lack of employment opportunities. So, in order to curb these problems, the state government focuses on promoting MSME ...
Read More »Financial Assistance for Project Affected Families of Himachal Pradesh
In order to financially aid the Project Affected Families (PAF) as well as Project Affected Persons (PAP), the state government of Himachal Pradesh provides a Scheme for Providing Assistance to Project Affected Families for Self Employment. Objectives: The basic agenda of this scheme is to- Assist families those were previously ...
Read More »Special Incentives for Industrial Units of Himachal Pradesh & Uttarakhand
The central government in 2014 announced special incentive packages for the states- Himachal Pradesh and Uttarakhand known as Central Capital Investment Subsidy Scheme, 2013. Duration: The scheme would remain in force up to March, 2017. Eligibility of the scheme: The aforementioned scheme is applicable to all existing and new industrial ...
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