Aid to reopen closed industrial units in Palakkad
The Hindu
District Industries Centre to give up to ₹15 lakh for restoration of industries that have been lying closed for more than six months
The District Industries Centre (DIC) here will provide aid to revive closed industrial units in the district. The DIC will give up to ₹15 lakh for the restoration of industries that have been lying closed for more than six months and have the potential for revival. The industrial resurrection scheme is being implemented by the State Department of Industries and Commerce under a programme titled Revival and Rehabilitation of Defunct MSMEs (Micro, Small, Medium Enterprises) and Cashew Processing Units. Industrial units that stopped functioning because of the ban on plastic will be exempted from the six-month-closure clause. The DIC will offer capital grants and working capital incentives for the revival of the MSMEs. When
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