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Draft Jharkhand MSME promotion policy 2023

The Jharkhand government has announced the implementation of the MSME Promotion Policy 2023, marking a significant step in supporting the state’s economic growth. The policy, detailed in the government’s gazette notification, introduces a range of relaxations and incentives for Micro, Small, and Medium Enterprises (MSMEs). Under this policy, MSMEs in Jharkhand can receive subsidies up to ₹15 crore. The state currently boasts 2.77 lakh MSME industries, forming a crucial segment of its economy.