K’taka Offers Womenpreneurs 5% IT Land Quota and Incentives

EC orders re-polling in 12 booths in State www.ambitionias.com
  • Karnataka is rolling out the red carpet to Women Inc.
  • In a bid to foster women entrepreneurs in the state, the government is reserving land for them in Information Technology Investment Region (ITIR), IT parks and industrial clusters apart from offering other incentives
  • It has earmarked 5% land in some of the key industrial clusters to women entrepreneurs to give them a fillip in their business ventures.
  • The sop on land is also extended to the government’s ambitious 10,000-acre ITIR region coming up near the Kempegowda International Airport (KIA).
  • Karnataka Industrial Areas Development Board (KIADB) and Karnataka State Small Industries Development Corporation (KSSIDC) would be the nodal agencies procuring land in identified areas.
  • The government has given a 75% exemption on stamp duty in Zone 4 that includes cities like Bengaluru, Mysuru and Mangaluru.
  • It has offered a 100% exemption in the Hyderabad-Karnataka zone which includes districts like Ballari, Kalaburgi and Bidar.
  • CM Siddaramaiah, who also holds industries portfolio:Micro entrepreneurs will get financial aid of Rs 8 lakh to Rs 22 lakh to set up units, while small and medium enterprises would be given Rs 10 lakh to Rs 55 lakh and Rs 20 lakh to Rs 65 lakh respectively.
  • Two industrial clusters comprising textile and jewellery are being set up at Harohalli and Hubballi to support women's entrepreneurship in the regions.
  • Though the Siddaramaiah government had mentioned reservation of land for women in the New Industrial Policy 2014-19 announced last month, it listed its incentives only now.