Rs 2195 Cr approved to boost infrastructural development in Madhya Pradesh
 Source : NewsBharati  Date : 05-Oct-2017

Bhopal, October 3: The cabinet meeting held under the Chairmanship of the Madhya Pradesh Chief Minister Shivraj Singh Chouhan gave its approval for continuation of infrastructure related schemes being implemented by the Directorate of Industry and Employment from 2017-18. Under this several approval were given for development of infrastructure facilities related to concerning industrial areas.

In order to undertake works for 2017-18, 2018-19 and 2019-20, integrating all the schemes, the state government has given its approval in the form of grant for Rs. 699 crore 20 lakh, Rs. 895 crore 70 lakh and Rs. 600 crore 50 lakh respectively , total Rs. 2195 crore towards infrastructure works.

The cabinet while integrating schemes related to infrastructure development has given its approval for continuation of infrastructure development fund establishment. Beside this approval has been given by the cabinet for establishment of 20 new industrial areas in 2000 hectare land during the next 3 years, infrastructure upgradation works in 12 existing industrial areas, for development of new industrial areas under 4 state level investment corridor and for infrastructure works in 6 industrial areas under the infrastructure gap.

Moreover the cabinet has given approval 40 percent grant of project cost from the government, loan from the financial institutions under the 50 percent government guarantee and to ensure 10 percent share of implementation agency for establishment of new industrial areas and development of industrial areas under state level corridor.

Also, Permission has been given by the cabinet for upgradation of existing industrial areas and investment of 75 percent state government grant and 25 percent share of implementation agency to complete the infrastructure works related to basic facilities as per the requirement in industrial areas.