Telangana Government Unveils Rs.4,000 Crore MSME Policy
ECONOMY & POLICY

Telangana Government Unveils Rs.4,000 Crore MSME Policy

The Telangana government plans to invest Rs.4,000 crore over the next five years to develop Micro, Small, and Medium Enterprises (MSMEs) as part of the "Telangana MSME Policy 2024."

The new policy aims to boost the MSME sector by addressing key areas: land accessibility, financing, raw material access, labor market flexibility, technology adoption, and market access. The goal is to establish over 25,000 new MSMEs in the state within five years.

Key Highlights:

Investment: Rs.4,000 crore allocated for MSME development over five years.

Trust Areas for Improvement:

Land availability, accessibility, affordability Access to finance Raw materials access Labor market flexibility Technology adoption Market access Support for Self-Help Groups: The policy facilitates SHGs' transition to MSMEs with comprehensive support structures.

Procurement Policy: A new procurement policy will prioritize MSMEs, especially those owned by SC/ST individuals and women.

Green Technology Incentives: Additional 15% floor area for MSMEs adopting solar energy or solid waste management practices, or achieving green building ratings.

MSME Parks: Five new MSME parks planned, with one dedicated to supporting ZED (Zero Defect Zero Effect) certification.

E-Commerce Promotion: The government aims to increase e-commerce participation through platforms like the ONDC portal and government E-marketplace.

Conclusion: The Telangana MSME Policy 2024 is set to transform the business landscape, enhancing growth and sustainability in the state's economy.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Telangana government plans to invest Rs.4,000 crore over the next five years to develop Micro, Small, and Medium Enterprises (MSMEs) as part of the Telangana MSME Policy 2024. The new policy aims to boost the MSME sector by addressing key areas: land accessibility, financing, raw material access, labor market flexibility, technology adoption, and market access. The goal is to establish over 25,000 new MSMEs in the state within five years. Key Highlights: Investment: Rs.4,000 crore allocated for MSME development over five years. Trust Areas for Improvement: Land availability, accessibility, affordability Access to finance Raw materials access Labor market flexibility Technology adoption Market access Support for Self-Help Groups: The policy facilitates SHGs' transition to MSMEs with comprehensive support structures. Procurement Policy: A new procurement policy will prioritize MSMEs, especially those owned by SC/ST individuals and women. Green Technology Incentives: Additional 15% floor area for MSMEs adopting solar energy or solid waste management practices, or achieving green building ratings. MSME Parks: Five new MSME parks planned, with one dedicated to supporting ZED (Zero Defect Zero Effect) certification. E-Commerce Promotion: The government aims to increase e-commerce participation through platforms like the ONDC portal and government E-marketplace. Conclusion: The Telangana MSME Policy 2024 is set to transform the business landscape, enhancing growth and sustainability in the state's economy.

Next Story
Resources

KEC International wins new orders of Rs 10.03 billion

KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 10.03 billion across its various businesses:Railways: The business has secured an order for tunnel Ventilation system and associated works in India.Civil: The business has secured an order in the industrial segment for Civil and Mechanical works for a Steel plant in India.Cables: The business has secured orders for supply of various types of cables in India and overseas.Vimal Kejriwal, MD and CEO, KEC International commented, "We are pleased with the order wins secured across our business v..

Next Story
Infrastructure Urban

Chennai Floats Bonds for Infrastructure Projects

The Greater Chennai Corporation (GCC) has decided to issue municipal bonds to raise ?1,500 crore for urgent infrastructure projects. This fund-raising strategy follows a central government model that enables urban local bodies to mobilize capital from investors for essential projects without relying solely on state or central grants. The initiative aims to address the city’s infrastructural needs, including canal restoration, road relaying, and flyover construction, all worth around Rs.80 crore. Municipal Bonds Model Under union finance ministry guidelines, urban local bodies can issue bon..

Next Story
Infrastructure Urban

India Post to Become Logistics Giant

The Indian government is looking to transform India Post into a comprehensive logistics company, with a target to boost its revenue by 50-60% over the next 3-4 years. Speaking at the Public Affairs Forum of India event, Union Telecom Minister Jyotiraditya Scindia revealed that the postal department's annual revenue currently stands at Rs 12,000 crore. The minister expressed his goal of increasing this figure significantly through the diversification of services and by capitalizing on the department's extensive reach in rural and remote areas. Scindia stressed the need for India Post to evolve ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000