Jharkhand has released draft versions of its Industrial Investment Promotion Policy and its Textile, Apparel and Footwear Policy, aiming to attract Rs 1 lakh crore in investment.
The state expects the policies to create more than 25,000 employment opportunities once they are finalised.
The Industries Department has invited feedback from stakeholders and the public, with the final frameworks expected within the next fortnight.
Under the industrial draft, MSMEs would get 20 percent of fixed capital investment up to Rs 15 crore, while non-MSME units would get 25 percent up to Rs 30 crore.
Entrepreneurs from SC and ST communities, women and the differently-abled would receive an extra 5 percent benefit.
The two drafts are the Jharkhand Industrial Investment Promotion Policy 2026 and the Jharkhand Textile, Apparel and Footwear Policy 2026.
The Directorate of Industries has uploaded both drafts on the Jharkhand Single Window Portal to invite comments from industry bodies, businesses and the public.
Officials have said the final frameworks are expected to be completed within the next fortnight, after stakeholder feedback is reviewed.
Under the industrial draft, MSME units would be eligible for 20 percent of fixed capital investment, capped at Rs 15 crore.
Non-MSME units would receive 25 percent of fixed capital investment, capped at Rs 30 crore, under the same draft.
Entrepreneurs from Scheduled Castes, Scheduled Tribes, women and differently-abled entrepreneurs would get an additional 5 percent benefit.
The textile draft proposes a 20 percent subsidy on fixed capital investment, with a cap of Rs 50 crore.
The textile draft also offers 100 percent reimbursement of net SGST for seven years, followed by 40 percent for the next three years.
Wage support of Rs 5,000 per month for male workers and Rs 6,000 per month for female workers is proposed for textile units.
Training assistance of up to Rs 13,000 per trainee is part of the proposed incentive package.
Steel plant, Jamshedpur, Jharkhand (representative image), Wikimedia Commons, CC BY 4.0
