Industries in 10 districts in Karnataka to be paid ₹2,500 for every job generated
The Karnataka government has introduced a financial incentive scheme offering ₹2,500 per month to industries for every new job created in 10 underdeveloped districts. Additionally, the government is promoting the 'Shramika Nivas' scheme to subsidize worker housing near industrial sites.
Why it matters
This policy aims to address regional economic disparities and improve labor welfare in Karnataka's less-developed districts.
In a bid to boost employment in 10 underdeveloped districts in Karnataka, the government has announced a sop of ₹2,500 per month to industries for every employment generated.
The sops will be provided for years, and the companies could utilise the financial assistance to pay provident fund of employees among others, Deputy Chief Minister G. Parameshwara said on Wednesday.
“Even existing industries can also use the assistance by creating employment. The government has earmarked ₹300 crore for the scheme. Guidelines will be announced soon,” he added.
Among the non-developed districts identified for the scheme are Yadgir, Bidar, Raichur, Koppal, Kalaburagi, Vijayanagara, Gadag, Haveri, and Vijayapura.
To encourage industries to provide housing for the labour force near their workplace, the government has also approved “Shramika Nivas” by offering subsidy/financial assistance to industries that provide housing to labour. The scheme is applicable for all industries.
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