(Deepshikha Gautam, Intern Journalist) Lucknow: The state government has launched a new scheme for industries and employment in Purvanchal, Madhyanchal, and Bundelkhand. Under this, investors will get more benefits by setting up industries in these areas in a short time. On the initiative of the Chief Minister, the Rapid Investment Promotion Policy 2020 has been brought out for the economically backward regions of the state. The draft of this policy has been approved through Cabinet by circulation on Monday. Under the new policy, investors who will start their production in the mega category by putting their industry in 30 months will get one and a half times benefits in reimbursement of the state GST.
At present, the period for setting up the industry is 60 months i. e. 5 years. Similarly, the time for setting up the industry in the Mega plus category will be changed to 42 months instead of 84 months. Investors will be entitled to reimbursement of 70% GST for 12 years for setting up an industry in Madhyanchal. This facility will remain for 15 years in Bundelkhand and Purvanchal.
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