The state government has issued a notification amending Odisha Food Processing Policy 2013, Odisha Food Processing Policy 2016 and Odisha Micro, Small & Medium Enterprises (MSME) Development Policy.
“To avail financial incentive under these 3 policies, an industrial unit was required to submit an application within 6 month/12 month from the date of commencement of operation. Since there was no provision for condonation of delay beyond the stipulated 6 month/12month period, claims of a number of industrial units for financial incentive, submitted beyond the stipulated period of 6 month/12 month with delay of a few days, have been rejected”, the notification issued on Thursday noted.
With the amendment, the stipulated period has been enhanced to 2 years. Secondly, a provision for condonation of delay beyond 2 years has also been inserted. Moreover, as a one-time relaxation measure, industrial units whose claims have already been rejected due to delay in submission, will now get time up to 30 June 2023 for filing fresh claims to avail financial incentive, it added.
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