JHARKHAND INDUSTRIAL POLICY 2012
30.1 Revival of willing and viable sick
industries is among the priorities of the State Government. The State government
has helped revival / rehabilitation of a number of Industries in the past.
As many as 49 small scale units and 3 medium and large scale industries
have been provided assistance by the State Government under revival /
30.2 The State Government
intends to take the following measures for prevention of sickness and
revival of willing and viable sick industries.
coordination meetings with the industrialists / entrepreneurs and financial
institutions at the IADA level under the Chairmanship of Managing Director
for industries under their command area and at the divisional level under
the Chairmanship of the Divisional Commissioner for the rest of areas shall
be reviewed to ensure early detection of sickness / problem, and preventive
measures for the same shall be taken.
30.3 Industrial Sickness in Micro and Small Entreprises (MSE)
30.3.1 For the revival of
willing and viable Micro and Small units, the State Government proposes to
form a State Level Apex Body with Director of Industries as its head to
consider such revival efforts.
30.3.2 The State Level Apex body
for rehabilitation of sick industry would recommend required restructuring
of management, funding etc for approval of Government under existing provisions.
30.3.3 The sick Micro and Small
units would be identified by such Apex body w.e.f. such date as per the
guidelines issued by RBI. Appropriate packages of relief and concessions
for such units would be approved for their rehabilitation. The units
declared sick by such body and opting for rehabilitation shall be eligible
for relief and concessions by banks and financial institutions, as per the
guidelines of the RBI within a specified time frame.
30.3.4 Such units shall be
eligible for all incentives on fresh and new investment for revival,
available to new units under this policy, provided the unit has not availed
incentives as a sick unit under any earlier industrial policy.
30.3.5 Sick units shall be
allowed full rebate on delayed payment surcharge during the period of
sickness, if it is included in the dues of Electricity Board.
30.3.6 In case of disconnection
of electricity, the sick unit shall be exempted from AMG charge and other
contractual guarantee charges for the period of disconnection.
30.3.7 The balance amount of
electricity dues of such sick unit after deduction of the aforesaid amount
shall be paid by the unit in such instalments as may be determined by such
Apex body on case to case basis without any delayed payment surcharge. However,
if such unit fails to pay any instalment in time, for such delay in
payment, it shall be liable to pay delayed payment surcharge for such
duration at the rate fixed for such delayed payment surcharge.
30.3.8 The Apex body shall
periodically monitor the progress of the revival package and it shall
recommend to the Government for approval of such actions as it may deem fit
against the defaulting party including the unit and / or other departments
30.3.9 The State Level Apex Body
would comprise of such persons / organizations as may be notified by the
State Government from time to time and published in official gazette, in
which Finance Department / Commercial Tax Department / Energy /
Institutional Finance shall be necessarily represented.
30.4 Revival /
Rehabilitation of Sick Medium and Large Industries
30.4.1 A committee with
Secretary, Industries as its head will be constituted by the State
Government to evolve suitable measures for revival of viable sick
industrial units including State Public Sector Undertakings in large and
30.4.2 The Committee shall make
an assessment of sick / closed State Public Sector Undertakings and for
revival of technically and economically viable such undertakings, recommend
adequate measure which may include manpower rationalization / disinvestment
/ financial restructuring etc.
30.4.3 For any financial
incentive to medium and large units, beyond the provisions of the present
industrial policy, there will be a State level Empowered Committee under
the Chairmanship of Chief Secretary for taking financial decision on the
recommendation of the Committee (mentioned in sl. 30.4.1). The Committee
will also consist of representatives from Finance, Planning and
Development, Energy and will be notified separately.
30.4.4 Sick Medium and Large
Scale Units will be required to approach BIFR for being declared sick.
Subsequently, concessions and facilities identified under the scheme of
rehabilitation prepared by BIFR or by state Level Inter Institutional Committee
of RBI (SLIIC) would be placed before the committee headed by Secretary, Industries for
consideration and recommendation to Government through State Level
Empowered Committee (SLEC) for approval.
30.4.5 Rehabilitation measures
for sick / closed but potentially viable industrial units may inter-alia
include financial support / relief and concessions or sacrifice from
various Government Department / organization and or additional facilities
including allocation of power from SEB / DVC and any other agency /
statutory body / local authority.
30.4.6 Such closed and sick
industrial units which have earlier already availed various facilities due
to its sickness would not ordinarily again get facilities unless the State
Government may decide to extend such facilities in public interest on case
to case basis.
30.4.7 Sick units can avail exit
policy of Industrial Area Development Authorities of the State after
approval of competent authority.
30.4.8 Govt. of India is in the
process of finalization of a scheme for rehabilitation of sick, micro,
small and medium enterprises by setting up a Rehabilitation Fund.
Accordingly, the State would suitably modify its scheme, taking advantage
of the Revival and Rehabilitation Scheme of Govt. of India for sick units.