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Maharashtra Govt planning Women Entrepreneurs Industrial Policy; incentives for MSME units owned by women

 Mumbai, Apr 19 (KNN) The Maharashtra Government is reportedly planning to launch a policy to support Women Entrepreneurs in the state under which several incentives will be offered to women entrepreneurs setting up MSME units.

Under the policy medium and small enterprises (SMEs) with 100 per cent shareholding by women would also be covered.

According to a DNA report, the propose policy to be called as ‘The Women Entrepreneurs Industrial Policy’ will have three incubation centres, 10 industrial clusters, Rs50 crore venture capital fund, 15-30 per cent capital subsidy, lower power tariff, special skill training centres and branding-marketing support.

It will be the first of its kind policy in India.

The policy seeks to reserve 5 per cent of land in all MIDCs (Maharashtra Industrial Development Corporation) for aspiring women industrialists.

A capital subsidy of 15-30 per cent and electricity tariff rebate of Rs1-2 per unit for five years (depending on the region of establishment), 5 per cent interest subsidy and 20 per cent procurement support are among major incentives to be offered to women to establish Micro, Small and Medium Enterprises.

The proposed policy, according to DNA report, will cover medium and small enterprises with 100 per cent shareholding by women. Women's units will get additional incentives for employing 51 per cent or more women in their staff.

The draft of the policy has been prepared by the Industries Department which is currently seeking feedback from other departments after which it would go for cabinet approval.