Which among the following statement is are correct regarding the Meet cum Bihar Textile and Lea...........

Bihar Polity and Governance

Which among the following statement is/are correct regarding the Meet-cum-Bihar Textile and Leather Policy, 2022:

1. Under the new policy, 15 percent of the cost of capital investment for plant and machinery will be given, subject to a maximum of Rs.10 crore.

2. The employees working in the industry will be given a grant for a period of five years at the rate of Rs 10,000 per month.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Under the new policy, 15 percent of the cost of capital investment for plant and machinery will be given, subject to a maximum of Rs.10 crore. Apart from this, the grant of electricity charges will be two rupees per unit. The employees working in the industry will be given a grant for a period of five years at the rate of Rs 5,000 per month. 30% transport subsidy will be given to the respective units for export. Under the new policy, a grant of Rs.10 lakh per annum will be given on freight movement for five years. A grant of 50 per cent of the registration expenses will be given on patenting your product, subject to a maximum of Rs 10 lakh.