The Mysuru Industries Association (MIA) has described the State Budget as “industry-friendly.” In a press release, MIA President & MLA Vasu and Secretary Suresh Kumar Jain have welcomed the government’s proposal to reduce lease period for less than 2 acres of land allotted by KSSIDC and KIADB to small scale investors from 99 years to 10 years.
They also welcomed the increase in loan for women entrepreneurs from Rs. 50 lakh to Rs. 2 crore at 4% rate of interest. The Budget provides huge opportunities for women, youth and backward class people. Allocation of Rs. 2,250 crore and loan up to Rs. 2 crore at 4% interest rate for women entrepreneurs is a boon for the industries sector, they said.
