Haryana Deputy Chief Minister Dushyant Chautala alo holding ther portfolio of industries development and commerce department in the state while talking to media perssons at Chandigarh said that ‘Padma’ Scheme(‘Program to Accelerate Development for MSME Advancement) will attract investors attention and their Interest In Haryana State.adding that this will give impetus to the sources of employment as well as holistic development of the state. He gave this information while interacting with the media after presiding over the review meeting of ‘Padma’ in which Minister of State for Industries and Commerce, Anoop Dhanak was also present on the occasion.
Chautala suggested to HSIIDC and other related officers that for the ‘PADMA’ cluster land area earlier set up in minimum 100 acres has been modified to 25 acres as originally envisaged so that more and more investors can apply for it. He further informed after the meeting that a venture capital fund would also be set up by the Haryana government under ‘Padma’ scheme so that more and more youths could become entrepreneurs under One Block-One Product scheme which was introduced in the state. He said that the state government has planned a venture capital fund of Rs. 200 crores up to Rs. 5 crores in the present budget to encourage youth entrepreneurs to set up startups. Chautala said , in the recently presented budget also Rs 1,000 Crore has been proposed for ‘Padma’ in the next five years, through which new innovative incentives like designing, branding, marketing and export promotion scheme will be introduced.
Dushyant Chautala said that the state government had announced the ‘One Block-One Product’ initiative under the ‘Padma’ scheme of the Central Government aiming The main objective of this initiative to promote micro and small enterprises at the block level by taking advantage of the cluster approach and promoting development. The Deputy Chief Minister said, incubation centres will be set up to encourage youths willing to set up startups and promote entrepreneurship with requisite skills, personality and communication skills for which loans from banks and various financial institutions as well as venture capital funds will be made available by the government, especially those youth living in rural areas.
Chautala said that places have been identified initially in several blocks for setting up industries under ‘Padma’ scheme and gradually finalized in the remaining blocks. On this occasion, Additional Chief Secretary of Finance and Planning Department, Anurag Rastogi, Additional Chief Secretary of Industries and Commerce Department, Anand Mohan Sharan, Director General, Development and Panchayats Department, DK Behera, HSIIDC MD, Yash Garg and other senior officers were also present on the occasion.
