Telangana, India’s youngest state, launched its first dedicated MSME policy to bolster this crucial sector, often regarded as the backbone of the economy, but heavily impacted by the COVID-19 pandemic. The policy aims to tackle six major issues hindering MSME growth in the state: access to affordable land, finance, high-quality raw materials, skilled labor, markets, and new technology.
The Telangana government has allocated ₹600 crore over five years to support various initiatives under the policy, with a special focus on women-led and SC/ST-run enterprises through dedicated industrial parks, reservations, and incentives.
Additionally, 20% of plots in every industrial park built by the government will be reserved for MSMEs. The state plans to develop one industrial park per district over the next five years, with 10 industrial parks planned between the Outer Ring Road and Regional Ring Road.
Of these, five will be exclusive to MSMEs, with one park each dedicated to women and SC/ST-owned MSMEs. The policy also emphasises the creation of social infrastructure like dormitories for workers and creches, using the public-private partnership model.
Telangana’s new MSME policy is a forward-thinking initiative designed to empower the state’s entrepreneurs, especially women and SC/ST communities. By addressing key challenges such as access to land, finance, and skilled labour, and by creating industrial parks with dedicated spaces for marginalised groups, the policy sets a foundation for inclusive economic growth.
With Telangana’s new MSME policy creating opportunities for women entrepreneurs and SC/ST-run enterprises, it’s essential to seize these benefits strategically. Vakilsearch offers end-to-end solutions, from business registration to accessing government incentives, helping you leverage the ₹600 crore initiative. Partner with Vakilsearch to ensure your business grows under this progressive policy framework. Let our experts guide you through the complexities of setting up, expanding, and accessing industrial parks and other MSME benefits.
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