Chhattisgarh’s Industrial Policy 2024-29

• 12 Nov 2024

Why in News?

The Chhattisgarh government launched the New Industrial Policy on the State’s foundation day. It introduces special provisions for surrendered Naxals, women, and the third gender community, community, marking a commitment to inclusivity in development.

• New Industrial Policy 2024-29 aligns with the “Amritkaal: Chhattisgarh Vision@2047”, aiming to transform the State into a self-reliant industrial hub.

Key Points

• Policy Objectives:
  • The policy aims to foster economic growth while empowering marginalized groups, ensuring all citizens have an opportunity to participate and benefit from development.
• Key Initiatives:
  • Special Provisions:
    • A dedicated incentive package includes entrepreneurship training and financial support, offering surrendered Naxals opportunities for a fresh start and meaningful community involvement.
    • Tailored training programs and government-backed financial aid empower members of the third gender community to establish their own enterprises, breaking long standing social and economic barriers.
    • Targeted initiatives include investment concessions, tax exemptions, and financial assistance, along with skill-based training to promote self-employment and business management among women.
  • Economic Development Measures:
    • The policy increases grant subsidies from 18%-20% to 30%-35%, substantially supporting new enterprises and small businesses.
    • A Rs 50 crore fund is designated to assist start-ups in translating innovative ideas into sustainable businesses.
    • The “Single Window System 2.0” digitizes approvals across departments, simplifying permissions, licenses, and registrations to make investment processes more efficient and attractive.
    • Incentives support small, medium, and large industries with a focus on logistics, new industrial zones, and cluster development, building a robust business ecosystem across the State.
    • The policy prioritizes pollution-free industries, particularly in Electric Vehicle manufacturing and sustainable product development, aligning growth with environmental responsibility.

Single Window System (SWS) 2.0

• It offers over 100 facilities from 16 departments on its portal.
• The applicant only needs to log in once and will not need to reapply. If any department needs information during the process, the applicant can find out by logging in.
• No need to contact any office offline. Payment can be made through e-challan. Departmental officers have been given IDs and passwords to address applications.