Congress government encouraging investors

The Congress government is encouraging investors especially the new and small entrepreneurs, the self employed, the educated young persons, particularly in areas of rural industries, housing and slum clearance, with appropriate credit and capital subsidies. The rationale for this policy is to help the young educated unemployed to start business and to encourage investment in sectors, which have large social benefits, and employment potential. Such people do not have easy access to market sources of finance. Special attention is being paid to provide technical, credit and marketing support to enterprises in the informal sector which account for nearly 90 per cent of our labour force. In order to facilitate rapid growth of efficiency and productivity, the Congress is building up a strong public-private partnership in promoting development and investment activity. For instance, if a corporate unit expands its business through ancillarization, or if they help to expand public health facilities, the government is willing to help their investment activities with special capital and interest subsidies, or introducing a new form of development rebate in corporate taxes.

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