Cabinet Decisions Details
Breadcrumb
Asset Publisher
Cabinet Decision taken on 12th January, 2022 (3)
Boost to Handicraft
● Approval to Handicraft Policy of Assam, 2022 to facilitate growth and development of craft-based industries and provide training and technological support to artisans and entrepreneurs.
● Provide market linkages and online marketing support to facilitate the export of products.
● Handicraft Policy Highlights:
> Capital Investment Subsidy up to 30% on the amount spent on Plant and Machinery with a ceiling of Rs 15 lakh for new and Rs 5 lakh for old Handicraft Units
> Interest Subsidy up to 5% on Working Capital loan for 5 years to all eligible units with a ceiling of Rs 2 lakh per unit per year
> Subsidy up to 50% on the marketing expenditure incurred by the Handicraft units, for a period of three years subject to a maximum ceiling of Rs 30,000 per annum