The Uttar Pradesh cabinet, gave its approval for the new information technology (IT) policy, under which, a target has been set to build an IT City in every region (Purvanchal, Paschimanchal, Madhyanchal and Bundelkhand) and an IT Park in every division. To encourage private investors for setting up IT Parks, a subsidy of 25 per cent or up to Rs 20 crore will also be provided.
Private IT companies will be encouraged to provide EMPLOYMENT to the youth of Uttar Pradesh. In case a company gives preference in employing the youth of UP, then a provision for recruitment assistance has been made for it. If any organisation is giving employment to at least 30 such youths who are from UP, the government will provide single-time recruitment assistance of Rs 20,000 per student per year.
Moreover, exemption will also be given to IT units employing Women, Scheduled Castes, Scheduled Tribes students, transgenders and specially-abled people. As per the policy, such units will get the facility of EPF (employees’ provident fund) reimbursement. This includes new units as well as units undergoing expansion.