Q.How does the government of Telangana extend special support to the SC/ST entrepreneurs in our State?
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Start your 14-day free trial to unlock the full solution →Telangana supports SC/ST entrepreneurs through special schemes like T-PRIDE and related industrial-policy incentives: higher investment subsidies, interest and power subsidies, reserved industrial plots, easier loans and margin-money help, skill training and hand-holding, and a reserved share in government purchases. A TS Inter 2nd-year Commerce entrepreneurship-development question.
Special Support to SC/ST Entrepreneurs in Telangana
Recognising that entrepreneurs from the Scheduled Castes and Scheduled Tribes often lack capital, collateral and experience, the Government of Telangana provides them special encouragement over and above the general incentives for industry. The main forms of support are:
- Dedicated subsidy schemes — under programmes such as T-PRIDE (the Telangana State Programme for Rapid Incubation of Dalit Entrepreneurs), SC/ST units are given a higher rate of investment subsidy on fixed capital than general entrepreneurs receive.
- Interest and power subsidies — reimbursement of part of the interest on term loans and of electricity charges, which lowers the running cost of the enterprise.
- Reserved industrial plots — a portion of plots in industrial estates and parks developed by the state industrial infrastructure agency is reserved for SC/ST entrepreneurs, sometimes at concessional rates.
- Easier access to finance — help in obtaining bank and institutional loans, margin-money assistance, and support for providing collateral so that lack of security does not block a viable project.
- Training and hand-holding — entrepreneurship development and skill-training programmes, guidance in preparing project reports, and single-window clearance help in setting up the unit. …
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