Current Affairs   »   Maharashtra govt launches “Mission Oxygen Self-Reliance”

Maharashtra govt launches “Mission Oxygen Self-Reliance”

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Maharashtra government has launched the “Mission Oxygen Self-Reliance” scheme to meet the state’s oxygen needs. Special incentives will be given to oxygen-producing industries under this scheme. At present, the state’s oxygen generation capacity is 1300 MT per day. Units set up in Vidarbha, Marathwada, Dhule, Nandurbar, Ratnagiri and Sindhudurg regions will be eligible for incentives up to 150 per cent of their eligible fixed capital investments and units set up in the rest of Maharashtra will be eligible for up to 100 per cent general incentives.

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The government will also give a refund on gross SGST, stamp duty, electricity duty and unit subsidy of power cost for five years and interest subsidy for MSME units with a fixed capital investment of up to Rs 50 crore. Only those applying before June 30 will get the benefits of this policy. With these incentives, Maharashtra’s healthcare system is expected to be strengthened by increasing manufacturing and storage for becoming an oxygen self-reliant state soon.

Important takeaways for all competitive exams:

  • Maharashtra Governor: Bhagat Singh Koshyari.
  • Maharashtra Capital: Mumbai.
  • Maharashtra CM: Uddhav Thackeray.

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