MP govt earmarks Rs 2.77 cr funds to set up bamboo-based industries

PTIUpdated: Wednesday, September 08, 2021, 07:26 PM IST
article-image
The State Bamboo Mission has invited proposals from interested beneficiaries in the private sector by September 30/ Representational image |

The Madhya Pradesh government has earmarked a grant of Rs. 2.77 crore for setting up bamboo-based industries in different parts of the state, an official said on Wednesday.

The State Bamboo Mission has invited proposals from interested beneficiaries in the private sector by September 30, the official from the public relations department said.

The state government has identified 10 areas for setting up bamboo-based industries in the state, he said.

In the last financial year, the state government had sanctioned 16 units to beneficiaries from the private sector and a grant of Rs 2.03 crore was made available to them, the official said.

Funds will be given mainly to bamboo treatment and seasoning plants, bamboo processing centres and value addition units, bamboo waste management, incense sticks units, activated carbon product, bamboo board/floor tiles units and hi-tech and big nurseries, he said.

The State Bamboo Mission will be able to give guidance for setting up these projects, and will sanction the same within the available budget after the consent of the concerned bank, and the grant amount will be paid to beneficiaries through the bank only, the official added.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Oracle slapped with $23 million fine for bribing officials of Indian Railways-owned firm

Oracle slapped with $23 million fine for bribing officials of Indian Railways-owned firm

Watch: Elon Musk’s humanoid robot has finally arrived, but is it worth the hype?

Watch: Elon Musk’s humanoid robot has finally arrived, but is it worth the hype?

Airtel gears up to take on Jio in the 5G space by starting in 8 cities for a phase-wise expansion

Airtel gears up to take on Jio in the 5G space by starting in 8 cities for a phase-wise expansion

As India gears up for 5G, here are 13 cities where it’ll be available first and tariffs you can...

As India gears up for 5G, here are 13 cities where it’ll be available first and tariffs you can...

PM Modi's data price comparison and key takeaways from India's 5G launch

PM Modi's data price comparison and key takeaways from India's 5G launch