UP examining MSME policy changes to encourage female entrepreneurship

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The government of Uttar Pradesh (UP) is reportedly considering changes to its micro, small, and medium enterprises (MSMEs) policy in order to encourage female entrepreneurship.

The proposed new policy will provide women entrepreneurs with a full stamp duty subsidy when purchasing land for the establishment of micro and small units. Aside from that, other MSMEs would receive subsidies ranging from 50% to 100%, depending on the region of the state. In essence, the state government will provide a full subsidy in the industrially backward regions of Bundelkhand and Purvanchal, while the central and western UP regions, excluding Gautam Buddha Nagar and Ghaziabad, will receive a 75% subsidy on stamp duty for land purchase. A 50% subsidy has reportedly been proposed in the industrial hubs of Gautam Buddha Nagar (Noida) and Ghaziabad.

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UP examining MSME policy changes to encourage female entrepreneurship

The government of Uttar Pradesh (UP) is reportedly considering changes to its micro, small, and medium enterprises (MSMEs) policy in order to encourage female entrepreneurship.

The proposed new policy will provide women entrepreneurs with a full stamp duty subsidy when purchasing land for the establishment of micro and small units. Aside from that, other MSMEs would receive subsidies ranging from 50% to 100%, depending on the region of the state. In essence, the state government will provide a full subsidy in the industrially backward regions of Bundelkhand and Purvanchal, while the central and western UP regions, excluding Gautam Buddha Nagar and Ghaziabad, will receive a 75% subsidy on stamp duty for land purchase. A 50% subsidy has reportedly been proposed in the industrial hubs of Gautam Buddha Nagar (Noida) and Ghaziabad.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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