On the principle of co-operative federalism Hemant Soren seeks center’s cooperation for development of Jharkhand

Ranchi / New Delhi: Jharkhand Chief Minister Hemant Soren has sought the cooperation of the Central Government on the basis of co-operative federalism so that the state can also register its participation in realizing the vision of a developed India. Speaking at the 8th Governing Body meeting of the Niti Aayog  in New Delhi he said that in Jharkhand the pace of development has increased significantly in the last three years. He said that Jharkhand has immense possibilities of investment in the field of infrastructure and the government is making continuous efforts in this direction.

The Chief Minister said that in the past years, important efforts have been made by the state government to provide basic facilities to the last rung of society. I want to assure all the members present in this meeting that Jharkhand has always been and will always be ready to work shoulder to shoulder with the country.

He said that meaningful efforts are being made by the government to realize the vision of a developed India and to strengthen the basic infrastructure of Jharkhand and special attention is also being paid to simplification of procedures to promote micro, small and medium industries. The efforts of the government will increase the confidence of investors and investors will be encouraged to invest in a state full of natural resources the Chief Minister said adding that in order to strengthen the MSME sector, there is a plan to establish a separate MSME Directorate and to develop the existing District Industry Centers as District MSME Centers. 

He said that efforts are being made to meet the needs of more than 2.8 lakh registered MSME industries by establishing coordination in the state and district. Apart from this, the draft of MSME Promotion Policy 2023 and MSME Special Concession Act 2023 has been prepared in the state, which will be implemented soon. The capital subsidy payable on fixed capital in the MSME sector is being increased from 25 percent to a maximum of 40 percent. Along with this, the state government i