Captive power subsidy

(1) In order to encourage and assist industrial units to be self reliant in their power requirement, the State Government shall subsidise 25 percent of the cost of the captive power generating sets subject to a maximum of Rs. 1 lakh (Rupees one lakh). And in case of units set up by local entrepreneurs subsidy will be 50 percent subject to a maximum of Rs 2 lakhs. (2) Industries set up in the thrust area shall get a 30 percent subsidy subject to a maximum of Rs. 1.25 lakhs (Rupees one lakh and twenty five thousand). In case of units set up by local entrepreneurs in the thrust area subsidy will be 60 percent subject to a maximum of Rs 2.50 lakhs. (1) Built up factory sheds shall be allotted to the women entrepreneur on priority basis and the rent will be subsidized @ 75% of the economic rent for five years from the date of commencement of commercial production. Stipend at the rate of Rs. 500/- (Rupees five hundred) per month per trainee shall be provided for training of 100 youth annually for special entrepreneurship development programme (EDP) to be conducted by Government approved recognized institutions subject to the condition that such training shall be for not less than 3 (three) months duration.