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Q.Explain the special support extended by the government of Telangana to the SC entrepreneurs in our state.
Telangana TsbieTSBIE Telangana Intermediate (2nd Year) Commerce Board 2020Subjective· 5mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →Telangana promotes SC entrepreneurs through dedicated schemes, chiefly T-PRIDE, which gives subsidies, concessions and support to help them set up enterprises. This TS Intermediate 2nd-year Commerce 5-mark answer explains that special support.
Background
To bring socially and economically weaker sections into the mainstream of industry and business, the Government of Telangana offers special incentives to entrepreneurs belonging to Scheduled Castes (SC) over and above the general industrial incentives.
Special support to SC entrepreneurs in Telangana
- T-PRIDE scheme — the Telangana State Programme for Rapid Incubation of Dalit Entrepreneurs is the main scheme, providing a package of enhanced incentives exclusively for SC (and ST) entrepreneurs.
- Capital investment subsidy — a higher percentage subsidy on fixed capital investment than for general entrepreneurs.
- Interest subsidy — reimbursement of a part of the interest paid on term loans, reducing the cost of finance.
- Power-tariff concession — subsidy on the per-unit power cost for the industrial unit.
- Tax and stamp-duty reimbursement — refund of State GST/VAT and exemption or reimbursement of stamp duty and registration charges on land and loan documents.
- Seed capital assistance — financial help to meet the margin-money/promoter's contribution.
- Reservation in government procurement — a fixed share of government and public-sector supply orders is reserved for SC entrepreneurs.
- Allotment of industrial plots and sheds — preference and rebate in the allotment of land, plots and sheds in industrial estates. …
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