Thank you Central Government, Himachal, Uttarakhand got Rs 1,164.53 crore under Industrial Development Scheme: Bindal

BJP State President Dr Rajiv Bindal said that the Union Cabinet on Wednesday approved an additional allocation of Rs 1,164.53 crore for the Industrial Development Scheme – 2017 for Himachal Pradesh and Uttarakhand.

We would like to thank the Central Government, Prime Minister Narendra Modi, National President Jagat Prakash Nadda, and Union Minister Anurag Thakur for this announcement.

This big announcement will increase employment opportunities in Himachal Pradesh.

He said that we would like to remind you that earlier in 2002 when the late Atal Bihari Vajpayee was the Prime Minister of the country, the industrial package for Himachal Pradesh, Uttarakhand, and Jammu Kashmir was announced at a rally in Solan. After that Solan emerged on the map of the industrial area.

He said that after that, when Prime Minister Narendra Modi’s government came to power at the Centre, Himachal Pradesh was given the status of a special category state, due to which Himachal Pradesh started getting 90:10 assistance. Himachal Pradesh got a huge benefit from this.

He said that projects worth crores of rupees were given to Himachal Pradesh by the Central Government, which includes many projects like Bulk Drug Park, and AIIMS, All these projects will increase employment opportunities in Himachal Pradesh.

Bindal said that 774 units were registered under the Industrial Development Scheme and they would get additional funds. Central Capital Investment Incentive for Access to Loan (CCIAC) at the rate of 30 percent of the investment in the plant will be provided to all eligible new and existing industrial units on their substantial expansion in the manufacturing and service sector located anywhere in Himachal Pradesh and Uttarakhand and Machinery with an upper limit of Rs 5 crore will also be given. Units are also eligible for reimbursement of 100 percent insurance premium on insurance of buildings and plant and machinery for a maximum period of 5 years from the date of commencement of commercial production, and operations.

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