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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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:
Did you know that some Indian states were not always known by their present names?…
The Government of India will launch a CBDC-based Food Subsidy Distribution Pilot under PMGKAY in…
Hindustan Oil Exploration Company (HOEC) has approved the CEO transition by appointing Baroruchi Mishra as…
Chief of the Army Staff General Upendra Dwivedi flagged in the Bharat RanBhoomi Darshan Expedition…
The Southern Air Command of the Indian Air Force successfully conducted a high tempo joint…
Did you know that there is a waterfall in India that becomes truly magical during…