BHUBANESWAR: Ahead of the Make-In-Odisha conclave to be held here from November 30, the State Cabinet on Tuesday approved policies on nine sectors to be announced during the mega event.
The crucial meeting of the Cabinet presided by Chief Minister Naveen Patnaik approved the Odisha Renewable Energy Policy-2016 to harness green and clean energy from natural resources which will be not only environment-friendly but also ensure energy security to the people.
Chief Secretary AP Padhi told media persons that the State Government will provide a corpus of Rs 250 crore at the rate of Rs 50 crore per year for the creation of the Odisha Renewable Energy Development Fund to be utilised for development of infrastructure including transmission network, roads and training centres.
A target to achieve around 2750 MW of renewable energy from non-conventional sources by 2022 has been fixed by the Government. Green Energy Development Corporation Limited (GEDCOL) will be the nodal agency for all on-grid solar and hybrid power projects of IMW and above capacity.
A high-powered committee will be set up under the chairmanship of the Chief Secretary for implementation of the policy, monitoring of the renewable energy projects and other important matters associated with the development of renewable energy in the State.
Under the MSME policy finalised by the Cabinet, capital investment subsidy to new micro and small enterprises has been enhanced from 10% to 25% subject to a maximum of rupees one crore. Similarly, capital investment subsidy for new micro and small enterprises owned by SC,ST, physically handicapped, women and technical degree/diploma holders have been enhanced from 12 to 30 percent subject to the upper limit of `1.25 crore.
In order to support the growth of micro and small enterprises in industrially backwards districts of Kalahandi, Nuapada, Bolangir, Subarnapur, Koraput, Malkangiri, Rayagada, Nabarangpur, Gajapati and Mayurbhanj districts, five per cent additional capital investment subsidy will be available.
Besides, the policy announces additional capital investment subsidy of five per cent of capital investment made in plant and machinery with an upper limit of `10 lakh over the eligible limit for setting up enterprises in the recycling of e-waste, hospital waste, construction and demolition waste.
The policy also announces the provision of one-time seed capital assistance equivalent to 10 per cent of the team loan disbursed by financing banks/institutions subject to a maximum of Rs 15 lakh.
The Odisha food processing policy proposes to set up mega/state food parks in Deogarh, Bhadrak, Bargarh, Nabarangpur, Sambalpur, Ganjam, Bolangir, Kandhamal and Kalahandi districts.
The policy envisages capital investment subsidy at 25 per cent with a maximum limit of Rs 2 crore for setting up industries in general areas. The capital investment subsidy to SC, ST and women entrepreneurs and those setting up food processing units in industrially backwards districts will be 33 per cent with an upper limit of Rs three crore. Besides, the policy announces setting up state of the art NABL accredited food testing laboratories at Cuttack, Berhampur and Bolangir. At other places, these laboratories may be set up in the PPP mode, for which a capital investment subsidy of 25 per cent subject to a maximum `5 crore is admissible.