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Central Sector Capital Subsidy scheme for Investment Promotion (IPS)

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Abhijeet S
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Central Sector Capital Subsidy scheme for Investment Promotion (IPS) - October 2nd, 2010

A Central Sector Capital Subsidy scheme (Investment Promotion Scheme) launched by the Government of India in collaboration with NABARD for development of privately owned non-forest wastelands in the country is under implementation since 1998.


Of the 40 schemes covering about 1500 ha sanctioned till date, the coverage is mostly confined to the States of Tamil Nadu, Andhra Pradesh and Maharashtra, with Tamil Nadu accounting for more than 20 schemes.


The scheme provides for subsidy upto 25% of bank loan with a ceiling of Rs. 25 lakh for taking up plantation and other on-farm developments in private wastelands.


In view of the availability of substantial area under non-forest wasteland in all States and the need to develop them, a nationwide awareness and publicity campaign was launched by the Government of India in association with NABARD for popularizing the Investment Promotion Scheme (IPS).


As a part of this effort, workshops are being organized by NABARD in different States/ regions.
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