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FINANCIAL ASSISTANCE

The Corporation is rendering financial assistance for promotion of industries based on local resources and in service sectors. The strategy of the Govt. is to create a suitable climate for attracting investments within the State and also from outside the State. So far, the industrial development of the State has taken place mainly MSME sector. In addition, there are a few medium-scale units already in operation and a few in implementation stage.

Some of these units are: fruit processing, saw mills, wooden furniture, bamboo handicrafts/ agarbatti stick making units, rubber-based units, brick kilns, rice mills, hotels, printing presses, automobile repair, servicing, tyre re-treading, nursing homes/ diagnostic centers, Cold Storages, PVC pipes, Spun Pipes, ACSR conductors, PCC Poles, Steel Tubular Poles, Steel Re-rolling Mill Products, manufacturing biscuits, Roller Flour Mill, Spices, Handlooms, Steel Fabrication, distillery, tobacco units, LPG bottling etc. So far the corporation has sanctioned about Rs 38.23 crores to 1587 units up-to the FY: 2014-15. The total disbursement has been about Rs.26.14 crores.

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