Special incentive

Special incentives as detailed below shall be granted to Women entrepreneurs, namely:- (1) Additional state capital investment subsidy of 5%, subject to a ceiling of Rs 5 lakhs which constitute more than 50% of the workforce in the industry. (2) 5% interest subsidy on working capital of 2% subject to a ceiling of Rs 2 lakhs for a period of three years from the date of commencement of commercial production. (3) 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 a period of five years from the date of commencement of commercial production. (1) The Government shall reimburse annually up to 30% (thirty percent) of the realistic wages bill for local employees. This would be for three years from the date of commencement of commercial production. The maximum limit of such subsidy is Rs. 1 lakh (Rupees one lakh) and Rs. 2 lakhs (Rupees two lakhs) subject to maximum of Rs. 2 lakhs (Rupees two lakhs). (2) Fifty per-cent of the cost incurred on the training of local employees will be reimbursed subject to the following conditions, namely: (a) Such trained person shall be absorbed in the unit failing which the unit will refund the subsidy amount paid for the same. (b) Training shall be conducted in an institute approved by the State Government.