For overall inclusive development and to further boost the economy, Chhattisgarh has incorporated 21 amendments in the new State Industrial Policy 2019-24 which have been notified now.

The prominent change is that small scale industries will have an option to meet cash or Goods and Services Tax (GST) in capital subsidy, states an official communication on Friday.

A special industrial investment promotion package has been incorporated for entrepreneurs from the Scheduled Caste and Scheduled Tribe category. The rebate is on a higher scale when compared to earlier industrial policy.

The government will promote the expansion of existing industries.

The government will also provide a grant for transportation costs incurred by industries for export to other countries. The government will provide Rs 20 lakh per year. Additionally, now it is no longer necessary to be a cent percent exporter unit for transport grants.

The new industrial policy has defined the Micro, Small and Medium Enterprises (MSME) sector including the definition of largescale enterprises for better classification.

Based on the demand raised by investors, provision of permanent capital investment grants for the micro industries, the limitation has now been lifted and extended to the small and medium scale industries also.

For the expansion of existing industries, the count period of permanent capital investment has been extended.

To promote the core industry of the state which is steel, a special incentive package has been announced for mega and ultra-mega industries signing MoU with the government.

The policy seeks to promote incorporation of new ideology, innovation and creating new jobs. These start-ups will be extended more facilities compared to other industries.

Full exemption in Electricity Duty will be extended to core sector industries mainly large, mega, ultra-mega industries established in the state.

Land premium will be provided to the general category entrepreneurs by the Industries Department/Chhattisgarh State Industrial Development Corporation (CSIDC) to land allocated in the industrial areas for setting up of eligible micro, small and medium scale industries.

Similarly, the land transfer fee free has also been slashed.