Ahead of the investors’ summit in Indore on October 18, the Madhya Pradesh government on Tuesday decided to cut paperwork for housing projects and do away with motor vehicle tax for electric vehicles.
At a Cabinet meeting in Bhopal chaired by Chief Minister Kamal Nath, the government had approved the Madhya Pradesh Real Estate Policy, 2019, Madhya Pradesh Electric Vehicle Policy, 2019, and Madhya Pradesh MSME Development Policy, 2019, to “attract investment in the State,” said a press note from the State Secretariat.
Efforts were being made through digital technology to better coordinate work relating to beneficiaries and develop an applicant-friendly system, it said.
The government has eliminated the two-hectare limit to prevent illegal colonisation by builders and permitted in three phases the development and completion of a colony. Moreover, for seeking clearances, the number of documents required has been slashed to five from 27.
It is no longer mandatory for a builder to construct houses for economically-weaker sections (EWS) under a project.
“In order to boost investment in real estate, we are allowing builders to either construct houses for the EWS category or deposit a fee for the Mukhya Mantri Awas Yojana,” said Jaivardhan Singh, Minister for Urban Development and Housing.
In a bid to push urban public transport, curb air pollution and promote non-petroleum products, the government has decided to formulate the Madhya Pradesh Electric Vehicle Policy, 2019. There will be an exemption from the motor vehicle and registration taxes on the purchase of electric vehicles.
Besides, electronic vehicles will be exempted from parking fee levied by urban bodies for the first five years. “New employment will be created by imparting training to engineers and technicians,” said the note.
As for startups, the government is going to offer concessions to sectors such as pharmaceuticals, textiles and powerloom, and additional grant to manufacturing units run by women and Scheduled Caste and Scheduled Tribe entrepreneurs.
The Madhya Pradesh Startup Policy, which will come into effect in April next year, will “enhance facilities provided to incubators”.
