The Bodoland Bamboo Policy 2011 and the Industrial investment promotion scheme 2007, announced by the Bodoland Territorial Council has identified bamboo as principal non-timber forest produce of Bodoland. The BTC has constituted the Bodoland Bamboo Development Board to undertake the integrated development of the Bamboo sector in the Bodoland, with an objective to ensure employment generation and economic development based on available bamboo resources in the BTC. The focus is to develop the technology based applications of bamboo and establish viable enterprises engaged in the production of high value added bamboo based products in the Bodoland.
The BBDB is setting up a Bamboo Park with an estimated investment of Rs. 50 crores. The Park will have Bodoland of the art common facilities that comprises of production processes generic to the enterprises, business development platforms, product development & training centers.
The Bodoland is best positioned to lead the bamboo sector in the country on account of the rich bamboo resources available in the BTC and the large skill base of people who are adept in the various aspects handling of bamboo. To encourage private investment in the BTC, the government offers an attractive package of BTC & central government incentives for enterprises.
The BBDB is setting up a Bamboo Park with an estimated investment of Rs. 50 crores. The Park will have Bodoland of the art common facilities that comprises of production processes generic to the enterprises, business development platforms, product development & training centers.
The Bodoland is best positioned to lead the bamboo sector in the country on account of the rich bamboo resources available in the BTC and the large skill base of people who are adept in the various aspects handling of bamboo. To encourage private investment in the BTC, the government offers an attractive package of BTC & central government incentives for enterprises.
Incentive Package for Investment in BODOLAND:
There is a package of Incentives comprising of both the central Govt. and BTC incentives to promote industrial development in Bodoland. The detail of each package is enclosed below. In addition I want to highlight the following:
Zero interest loan from National Mission on Bamboo Applications setup under the Ministry of Science & Technology, Government of India for all machinery. The loan is for a period of five years with one year moratorium.
Land Lease by: BTC.
10% share from Bodoland Bamboo Development Board under BTC (Plan & Non-Plan for BTC).
Zero interest loan from National Mission on Bamboo Applications setup under the Ministry of Science & Technology, Government of India for all machinery. The loan is for a period of five years with one year moratorium.
Land Lease by: BTC.
10% share from Bodoland Bamboo Development Board under BTC (Plan & Non-Plan for BTC).
Incentives under Industrial Investment Promotion (IIP) Scheme 2007
30% Capital Investment Subsidy on plant and machinery without ceiling.
100% exemption of Excise Duty on finished products.
100% Income Tax exemption.
Interest Subsidy @ 3% on working capital loans.
Re-imbursement of 100% insurance premium.
Central Transport Subsidy @ 90% of transport costs of raw materials/finished goods.
Subsidies to service sector, bio-technology and power generating plants up to 10 MW.
Other incentives/benefits
Subsidized cargo tariff on Indian Railway between Bodoland (Kokrajhar, Udalguri) - Kolkata, Mumbai and Delhi up to 50% on graded basis.
Prompt and regular clearance of incentives and subsidy claims – BTC up-to-date in payment/ reimbursement of incentives and subsidies.
Fast Track Mechanism to facilitate decisions related to investment proposals.
100% exemption of Excise Duty on finished products.
100% Income Tax exemption.
Interest Subsidy @ 3% on working capital loans.
Re-imbursement of 100% insurance premium.
Central Transport Subsidy @ 90% of transport costs of raw materials/finished goods.
Subsidies to service sector, bio-technology and power generating plants up to 10 MW.
Other incentives/benefits
Subsidized cargo tariff on Indian Railway between Bodoland (Kokrajhar, Udalguri) - Kolkata, Mumbai and Delhi up to 50% on graded basis.
Prompt and regular clearance of incentives and subsidy claims – BTC up-to-date in payment/ reimbursement of incentives and subsidies.
Fast Track Mechanism to facilitate decisions related to investment proposals.
Hello sir, I want to start bamboo plantation in my piece of land. How can i apply for financial help that can give Zero interest loan from National Mission on Bamboo Applications setup under the Ministry of Science & Technology.
ReplyDeleteplease help!!!!