West Bengal's government plans to introduce a new industrial policy in its June 22 budget, featuring streamlined land acquisition, single-window clearances, and investor incentives. The policy aims to boost industrialization and employment across the state.
The new industrial policy aims to attract investment and create jobs in West Bengal, potentially boosting the state's economy. The focus on streamlined processes and incentives could improve the business environment, while efforts to clean up welfare schemes and enforce law and order signal a shift in governance.
West Bengal is set to introduce a new industrial policy in its upcoming state budget on June 22, aiming to boost industrial growth and employment. Chief Minister Suvendu Adhikari announced that the policy will include a streamlined land acquisition process, a single-window clearance system for investors, and various incentives.
The government's objective is to generate jobs through industrial expansion. Adhikari stated that access to credit for entrepreneurs will be facilitated through central schemes like PM Mudra Yojana, PM Vishwakarma, and PMEGP, offering low-interest, collateral-free loans. A target of creating 10 lakh 'Lakhpati Didis' through self-help groups has also been set for the current financial year.
In addition to industrial development, the government is reviewing welfare schemes to eliminate irregularities, citing issues found in programs like Lakshmir Bhandar and minority scholarships. Furthermore, approximately 6.5 crore people across 1.43 crore families will gain health coverage of up to Rs 5 lakh under the Ayushman Bharat scheme starting in July.
Adhikari also emphasized a focus on law and order, warning of strict action against illegal activities such as syndicates, extortion, and 'cut money' practices, vowing to uphold the rule of law.
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