By 2027, one trillion dollar will speed up the target of the economy new Industrial Asthan Management Policy -CM Yogi

By 2027, one trillion dollar will speed up the target of the economy new Industrial Asthan Management Policy -CM Yogi

A detailed draft of the policy continues after the approval of Yogi cabinet
Allotment of industrial plots will be done through lease/e-auction

Under the policy, region wise reserved price fixed for financial year 2025-26

10% of the total plot/shed will be allocated to SC/ST category entrepreneurs

Special provisions made in policy for large units and anchor industry

Lucknow
The Yogi government has given the green signal to the “micro, small and medium enterprise industrial location management policy” to give new height to the industrial development of the state. The main objective of this policy is to promote easy and transparent land allocation, modern facilities and better management to bring the state’s economy to 1 trillion dollars by 2027. The state is already the largest state in the country in terms of population and is second in the economy. Now the government’s focus is that better infrastructure and transparent procedures should be provided to investors for quadrilateral industrial development. The government aims to develop the state’s industrial scenario through international standards through this policy.

Transparent process of plot allocation will be done by lease and e-auction
Under the new policy, the allocation of land, sheds and plots available in industrial areas will be done through auction or e-auction on lease/rent. The duration of lease/rent will be decided by the Commissioner and Director, Industry, while the auction portal will also be selected under the jurisdiction of the Commissioner and Director. Through this, up to 20% area can be used for commercial/service/residential works.

Field -wise reserve price fixed
Keeping in mind the geographical diversity of the state, the reserve price of industrial plots has been fixed for the financial year 2025-26. Under this, ₹ 2,500/sqm in Madhyanchal, 20% more in Paschimanchal, ie ₹ 3,000/sqm, 20% less in Bundelkhand and Purvanchal, ie ₹ 2,000/sqm price. These rates will increase 5% annual increase on 1 April every year. If there is a possibility of significant increase in MSME units due to the establishment of anchor unit in an industrial location, then the government will be able to decide to allocate plots at a particular rate.

Flexible arrangement of payment
Successful bidder in e-auction will have to pay 10% of the reserved value. The remaining amount can be repaid in 1 year or 3 years. At the same time, they will get 2% discount on immediate payment. Similarly, 12/36 equal monthly installments will be payable in the installment scheme, while additional interest will be imposed in the form of punishment on the delay.

10% SC/ST reservation
Reservation has also been arranged under the policy. 10% of the total plot/shed will be allocated to SC/ST category entrepreneurs. If no eligible applicants are found, the plot can be given to other class so that development does not interrupt.

Facilities and infrastructure
Common facility centers, power sub -station, fire fighting center, women’s hostels, dormatry, crush, environment friendly park, Training institutes and health services will be provided.

Transparency and SOP
Commissioner and Director, Industry will implement standard guidelines (SOPs) for land allocation, property transfer, revival, supporting, division and surrender etc.