To promote Telangana State as the best Investment destination for investors in India, the State Government has offered various Incentives/benefits to all eligible New Micro, Small and Medium Enterprises set up in the State. Projects involving substantial Expansion/Diversification of existing Industries in the eligible lines of activities are also entitled for benefits offered under the MSME policy,2024 notified vide G.O.Ms. No. 16, Industries & Commerce (FP & MSME) Department, dated: 18/09/2024. However, Large and Mega Industries will get incentives as per T-IDEA/T-PRIDE Scheme.
https://industries.telangana.gov.in/Home.aspx
Prime Minister Employment Generation Programme (PMEGP)
Objective: –
- To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises.
- To bring together widely dispersed traditional artisans/ rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place
- To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and rural and urban unemployed youth in the country, so as to help arrest migration of rural youth to urban areas.
- To increase the wage-earning capacity of workers and artisans and contribute to increase in the growth rate of rural and urban employment
| Categories of beneficiaries under PMEGP(for setting up of new enterprises) | Beneficiary’s contribution (of project cost) | Rate of Subsidy (of project cost) | |
| Area (location of project/unit) | Urban | Rural | |
| General Category | 10% | 15% | 25% |
| Special Category (including SC, ST, OBC, Minorities, Women, Ex- Servicemen. Transgenders, Differentlyabeld, NER, Aspirational Districts, Hill and Border areas(as notified by the Government) etc. | 05% | 25% | 35% |
Further details regarding this scheme is available on the official website: https://pmegp.msme.gov.in