Jaipur: In a bid to create jobs and promote smaller corporations, the state authorities rolled out the Mukhyamantri Laghu Udhyog Protsahan Yojana giving curiosity subsidy as much as 8%.
However some corporations mentioned the industries division has stopped entertaining functions for a very long time.Jinendra Jain, promoter of Udaipur-based Sabri Finchem Pvt Ltd, posted a criticism on-line that he had utilized beneath the scheme in March and thus far there was no response from the division.Jain shouldn’t be alone.
There are lots of within the enterprise neighborhood who mentioned their functions for subsidies haven’t been thought of for the subsidy.When TOI spoke to industries commissioner Mahendra Kumar Parakh, he mentioned final yr the federal government had allotted Rs 250 crore for the scheme and it has been exhausted.
Nonetheless, he mentioned this yr Rs 150 crore has been earmarked conserving in view the calls for.Underneath the scheme, the division provides 8% subsidy for loans as much as Rs 25 lakh and 6% for loans between Rs 25 lakh to five crore and 5% for Rs 5-10 crore.
Parakh mentioned they’d a goal of 10,780 functions of which 10,000 had been for the Rs 25 lakh class.
He mentioned the banks have already disbursed loans to 5000 corporations beneath this class and there are a lot of corporations which have been issued sanction letters.Underneath Rs 25 lakh to Rs 5 crore class, the goal was 750 functions.
Nonetheless, 360 functions are nonetheless pending.
Underneath the Rs 5 crore to 10 crore class, 30 functions had been focused.
Parakh mentioned since beneath the brand new Rajasthan Industrial Promotion Scheme-2022 corporations with 1 crore investments are given numerous advantages, the individuals can apply beneath it and get advantages.
In the event that they take the advantages of MPULY, they won’t be eligible for RIPS-22 advantages.Jain additionally mentioned that he’s unaware of the RIPS-2022 advantages.
Moreover, RIPS-22 has not been notified to use for advantages.
However others within the trade circles mentioned that it’s unusual that the federal government can cease giving advantages pondering that they are going to accommodate these functions when the brand new RIPs is launched.
In truth, RIPs coverage was revamped simply now and nonetheless awaiting notification..
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