New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Recently which of the following state government

    announced to offer subsidies to support women entrepreneurs & attract capital investments to support micro, small and medium enterprises (MSMEs)?
    A Sikkim Correct Answer Incorrect Answer
    B Telangana Correct Answer Incorrect Answer
    C West Bengal Correct Answer Incorrect Answer
    D Uttar Pradesh Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The government of Uttar Pradesh is revising its strategy to support micro, small and medium enterprises (MSMEs) and promote female entrepreneurship. Women business owners would be given a 100% stamp duty subsidy on land purchases for establishing micro and small units under the proposed new policy. Besides, a 50 to 100 percent subsidy will be given to other MSMEs, depending on their location in the state. The less developed regions such as Bundelkhand and Purvanchal in eastern Uttar Pradesh would have lower stamp duty rates. This is done in an effort to stimulate new investment, notably in the manufacturing sector, outside of the Western UP National Capital Region (NCR) districts and in underdeveloped areas. The state would grant a 100 percent stamp duty grant in Bundelkhand and Purvanchal, while central and western Uttar Pradesh (apart from Noida and Ghaziabad) would receive a 75 percent subsidy.

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