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Govt set to unveil plan to boost women entrepreneurs

PUBLISH DATE 28th October 2017

Mumbai:

The Maharashtra government, in what it claims is the first such progressive move by any state, plans to launch a separate industries policy to encourage women entrepreneurs. The state industries department has almost finalized the draft policy, which will be tabled before the state cabinet shortly .

The draft policy suggests that the state government would pump in 15% to 35% of the investment cost in a project at a subsidized interest rate of up to 5% for a fiveyear tenure--after com mencement of actual production. The state assistance would range from Rs 15 lakh to a maximum of Rs 1 crore per project.

There is a hitch, though.The state finance department wants to know how the proposed annual cost of Rs 300 crore would be raised for policy implementation.

“The finance department has raised a few queries regarding raising of funds.However, the issues will be sorted out soon. The policy is aimed at strengthening participation of women in mainstream industries and empowering them in the state,“ industries minister Subhash Desai told TOI on Friday . He further said that the government plans to make “necessary inclusions“ in a few clauses of the policy so that the maximum number of women can benefit from it.