Business Group Calls for Strong MSME Focus in Upcoming Jharkhand Budget
The Federation of Jharkhand Chambers of Commerce and Industries (FJCCI) has presented a detailed set of recommendations to the state government. This move comes just ahead of the crucial state budget announcement. The business body strongly emphasizes the need to prioritize micro, small, and medium enterprises (MSMEs). It argues these businesses form the true backbone of employment generation across Jharkhand.
Key Proposals for Industrial Growth
FJCCI President Aditya Malhotra outlined several critical suggestions. He stressed the immediate establishment of dedicated 25-acre land banks in every district. This initiative aims specifically at MSME manufacturing. Malhotra believes such a step will prevent valuable capital from flowing out to neighboring states. He also urged the government to make the dedicated MSME directorate fully operational. This action, he stated, would significantly bolster investor confidence and ensure job creation happens right here in the region.
The recommendations go further. The FJCCI president proposed lowering the cost of capital for small industries. Improving liquidity for these businesses is another major point on the agenda. For the traditional mica industry, Malhotra advocated for a special incentive package. He noted that reopening closed mines would serve a dual purpose. It would increase government royalties and breathe new life into local livelihoods that depend on this sector.
Driving Green Energy and Streamlining Processes
Supporting a green transition is a key part of the proposal. The FJCCI suggests offering substantial subsidies of 40 to 60 percent for rooftop solar installations for MSMEs. For businesses committing to 100 percent renewable energy, the creation of a special "Green Tariff" is recommended. The federation also highlighted the need for a more reliable power distribution model. This model should minimize disruptive voltage fluctuations and unscheduled downtime that hurt production.
A major area of concern is the existing single-window clearance system. Malhotra called for a complete overhaul, stating its current efficacy is worrying. He pointed out that investors still face a cumbersome process. They are forced to navigate multiple government departments separately to secure necessary No Objection Certificates (NOCs) and other clearances.
Institutional Support and Empowering Women Entrepreneurs
To address systemic issues, the FJCCI proposed the constitution of a permanent 'Trade and Industry Commission'. This body would be dedicated to grievance redressal for the business community. Another practical suggestion involves clearing all outstanding payments to government contractors. Malhotra urged the establishment of a strict, time-bound mechanism to resolve these dues.
Seeking a formal role, the FJCCI requested the government to officially appoint it as the "State Industry Partner". This designation would allow the federation to provide continuous, structured feedback on policy matters. On the social empowerment front, a novel idea was put forward. The establishment of "Aparajita" women’s vendor markets in every district aims to support Self-Help Groups (SHGs) and cottage industries. This initiative is designed specifically to empower women entrepreneurs across Jharkhand.
The state government is actively seeking inputs before finalizing the budget. Officials will hold a meeting with bankers on Monday. Furthermore, the government is inviting suggestions from the public through the Abua Dishom Guru Portal and its mobile app. The deadline for submitting these suggestions has been extended to January 20, giving stakeholders more time to contribute their ideas.
