Consider the statements related to benefits announced for any IT indus...
The correct answer is Option 2.
- The aim of Bihar IT Policy 2024 is to promote the IT industry in Bihar.
- Some of the Key features are:
- Fixed Capital Subsidy: 30% of fixed Capital Investment up to ₹30 crore OR 10% of interest subvention up to 50% of Project cost or ₹40 crore. Hence, statement 1 is correct and statement 2 is incorrect.
- Lease Rental Subsidy: 50% subsidy on Land rental amount for 5 years. Hence, statement 3 is correct.
- Power Tarif Subsidy: Annual reimbursement of 25% of Energy bill for 5 years. Hence, statement 4 is incorrect.
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Consider the statements related to benefits announced for any IT indus...
Understanding Bihar IT Policy 2024 Benefits
The Bihar IT Policy 2024 aims to encourage investment in the IT sector by offering various incentives. Here we evaluate the statements to identify which are correct.
1. 30% of Fixed Capital Investment up to ₹30 crore
This statement is correct. The policy provides a substantial incentive for fixed capital investments, encouraging companies to invest significantly in infrastructure and technology.
2. 20% of Interest Subvention up to ₹40 crore
This statement is also correct. The policy includes provisions for interest subvention, making it easier for IT companies to manage their financing costs and improve liquidity.
3. 50% of Subsidy on Land Rental Amount for 5 Years
This statement is incorrect. While the policy does provide incentives related to land, the specific percentage and duration may differ from what is stated. Therefore, this benefit does not align with the official provisions.
4. Annual Reimbursement of 20% of Energy Bill for 5 Years
This statement is incorrect. Although energy cost support is often part of IT policy incentives, the specific percentage and duration mentioned here are not part of the announced benefits under the Bihar IT Policy 2024.
Conclusion
Based on the evaluation:
- Statements 1 and 2 are correct.
- Statements 3 and 4 are not aligned with the official policy.
Therefore, the correct answer is option 'B': 1 and 2. This strategic support is aimed at fostering growth in the IT sector within Bihar, enhancing its economic landscape.