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What are the various ways in which the Indian government supports capital investment in the states

Describe the special assistance scheme that the Indian government has implemented to support capital investment in certain states.
The Indian government extends various forms of support to encourage capital investment in the states. Some of those measures are: 1. Tax incentives: The central and state governments offer tax concessions and exemptions to attract capital investments in the states. 2. Infrastructure development: The government provides support for the development of infrastructure such as power, railways, roads, and communication facilities to create a conducive environment for investment. 3. Single-window clearance: The government has introduced single-window clearance facilities, which enable investors to complete necessary formalities and obtain clearances quickly. 4. Special Assistance Scheme: Under the Special Assistance Scheme, the central government provides financial assistance to some northeastern states, hill states, and other areas that are remote, difficult, or economically weaker than the others. 5. Subsidies and incentives: The government offers subsidies and incentives in various forms such as cash grants, concessional loans, and tax holidays to attract investment in specific sectors or regions. The Special Assistance Scheme is an exclusive initiative introduced by the government to support capital investment in states such as Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Northeast States, and the hilly regions of West Bengal and Andhra Pradesh. The scheme provides financial assistance to these states to enhance infrastructure facilities and promote employment, which results in a conducive atmosphere for investments. The program aims to deliver equitable development and provide a better quality of life for people.
Answered 2 years ago
Amrita Aspirants