Ch’garh govt implements the SWE Policy 2023-28

Financial assistance will be given to women entrepreneurs in manufacturing, service and business

Raipur, Apr 07:
The more empowered the women are, the faster the pace of development will be. The Government of Chhattisgarh is creating new women centric schemes to ensure their participation and progress in every field. A large number of women are working in small scale and cottage industries in rural and urban areas. Along with this, through self-help groups, women working in Gothans, forest produce collection and other areas are making important contribution in the overall development of the state. Under the leadership of Chief Minister Bhupesh Baghel and under the guidance of Industry Minister Kawasi Lakhma, the state government has implemented the State Women Entrepreneurship Policy 2023-28 to give a new identity to the efficiency of women and to connect them with entrepreneurship. Under this policy, provision has been made to provide financial assistance (loan) to women for setting up industries. Due to this, along with increase in women workforce, their participation in industry and trade will increase. With this policy, the number of startups commenced by women will also increase rapidly.

Up to 55% of fixed capital investment, up to 1.20 cr fixed capital investment grant:
Under the State Women Entrepreneurship (SWE) Policy 2023-28, a provision has been made to give loans up to a maximum of Rs 50 lakh to the women entrepreneurs of the state for manufacturing enterprise projects, up to Rs 25 lakh for service enterprise projects and up to Rs 10 lakh for business enterprise projects. Under this policy, economic investment incentives will be provided to eligible micro, small and medium manufacturing and service enterprises established by women entrepreneurs in the state for further expansion. Provisions have been made for the following under the State Women Entrepreneurship policy;Fixed capital investment grant up to 30-55 percent of the fixed capital investment made in the enterprise i.e. from Rs 40 lakh to Rs 1 crore 20 lakh, term loans obtained for the enterprises and working capital provisioned in the project report (with a maximum requirement of three months). 45 to 70 percent, maximum amount of Rs. 15 to 60 lakhs interest subsidy, 50 percent for setting up new enterprises, margin money subsidy up to a maximum of Rs. 75 lakhs, Net State Goods and Services Tax (Net SGST) reimbursement Commercial production For 6 to 16 years from the date of commencement, exemption from electricity duty, exemption from stamp duty, transport grant, exemption from market fee.

5% additional subsidy in startup package, one year additional discount
Women self-help groups will be given an additional grant of 5 percent in grants as additional economic investment incentive and an additional time period of 1 year in cases of exemption. Under the Industrial Policy 2019-24, a provision has also been made for 5 percent additional grant and one year additional exemption in cases of exemption to start-up enterprises established by women in the startup package announced under the Industrial Policy 2019-24.