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| 1. |
What amount government provide as loan to the small scale business? |
| Answer» The incentives provided by the government are as follows:\tLand.: Developed Tots are offered by every state for establishing industries.\tPower: Some states supply power at a concessional rate of 50%, while some give it free of cost during the initial years.\tWater : Water is either supplied at 50% concession or is totally free for a period of 5 years.\tFinance : Small business units are offered loans at a very low rate of interest i.e. 10 to 15% subsidy is given for building capital assets.\tSales tax: Exemption from sales tax is extended by some states for a period of 5 years while all muon territories provide full exemption from sales tax. It is also known as Value Added Tax (VAT).\tRaw material: Units located in backward areas get preferential treatment in the matter of allotment of scarce raw materials like cement, iron, steel, etc. | |