Telangana Government Unveils Rs.4,000 Crore MSME Policy

23 Sep 2024 CW Team

The Telangana government plans to invest Rs.4,000 crore over the next five years to develop Micro, Small, and Medium Enterprises (MSMEs) as part of the "Telangana MSME Policy 2024."

The new policy aims to boost the MSME sector by addressing key areas: land accessibility, financing, raw material access, labor market flexibility, technology adoption, and market access. The goal is to establish over 25,000 new MSMEs in the state within five years.

Key Highlights:

Investment: Rs.4,000 crore allocated for MSME development over five years.

Trust Areas for Improvement:

Land availability, accessibility, affordability Access to finance Raw materials access Labor market flexibility Technology adoption Market access Support for Self-Help Groups: The policy facilitates SHGs' transition to MSMEs with comprehensive support structures.

Procurement Policy: A new procurement policy will prioritize MSMEs, especially those owned by SC/ST individuals and women.

Green Technology Incentives: Additional 15% floor area for MSMEs adopting solar energy or solid waste management practices, or achieving green building ratings.

MSME Parks: Five new MSME parks planned, with one dedicated to supporting ZED (Zero Defect Zero Effect) certification.

E-Commerce Promotion: The government aims to increase e-commerce participation through platforms like the ONDC portal and government E-marketplace.

Conclusion: The Telangana MSME Policy 2024 is set to transform the business landscape, enhancing growth and sustainability in the state's economy.

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