Current Affairs Exam

Govt to increase subsidy for MSMEs from 25 % to 40 %: CM

Chief Minister Hemant Soren today said that our government wants the MSME to be promoted in the state. Our government is currently giving a 25 per cent subsidy to entrepreneurs to promote industrial units, if Jharkhand Chamber of Commerce has any good plan for the betterment of the industry, then our government will work to increase the subsidy for MSME entrepreneurs from 35 to 40 per cent. This time, along with the entrepreneurs of the country, entrepreneurs from abroad have also got an opportunity to participate in the India International Mega Trade Fair. Such events are a better effort to increase the industry in the state.

The Chief Minister was addressing people at the closing ceremony of the “14th India International Mega Trade Fair ” organized under the aegis of Jharkhand Chamber of Commerce and GS Marketing at Morhabadi ground today as the chief guest.

The CM said that our government has done the work of formulating an excellent Industrial Policy. Today many big and small corporate houses have expressed their desire to invest here. Recently, a large corporate sector has laid the foundation stone for setting up an industrial unit in Jamshedpur. The Chief Minister said that the State Government will stand with the Jharkhand Chamber of Commerce in every possible way regarding industrial Investment in the state.

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