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- Here are some key highlights:
- Financial Support: The government has allocated ₹600 crore over the next five years to support MSMEs.
- Key Focus Areas: The policy addresses six critical areas: land acquisition, finance, raw materials, skilled labour, market access, and technology.
- Incentives: Special incentives include a 50% subsidy on land costs for SC/ST entrepreneurs and a 25% subsidy for other MSMEs. Women entrepreneurs receive an additional 20% subsidy.
- Industrial Parks: Five out of ten new industrial parks will be exclusively for MSMEs, with one park reserved for women-owned enterprises and another for innovative start-ups.
- Technological Advancement: Establishment of a ₹100 crore Yantram Fund to support MSME adoption of new technologies.
- Employment and Skills: Initiatives like the Telangana Skilling University and the Digital Employment Exchange of Telangana (DEET) aim to enhance the skill set of the workforce.
Question:
1 What is the total financial allocation made by the Telangana government to support MSMEs under the MSME Policy 2024?
- A) ₹500 crore
- B) ₹600 crore
- C) ₹700 crore
- D) ₹800 crore