Which of the following are the features of Punjabs New Industrial and Business Development Policy 1 ...........

Punjab Polity and Governance

Which of the following are the features of Punjab's New Industrial and Business Development Policy ?

1.The industrial tarrif is fixed at Rs. 4 per unit.

2.Punjab Skill Development Mission will be established.

3.Border Area Development Package including increase of the incentive to industry in the border areas from 125 percent to 140 percent.

4.Exhibition and Convention Centres will be established at Mohali, Ludhiana, Jalandhar, and Amritsar.

Choose the correct code below.

2 and 3 Only

1,2 and 4 Only

2,3 and 4 Only

All of the above

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Explanation:

To boost industrial growth and economic activity, the Punjab cabinet approved the 'New Industrial and Business Development Policy-2017', paving way for the fixing of industrial power tariff at Rs 5 per unit and a one-time settlement of industrial loans. The creation of a Rs 100 crore fund to promote start-up culture, establishment of a skills university and industry specific skill development centers, are other highlights of this policy. All skill training schemes in the state will be brought under one agency, the Punjab Skill Development Mission.

Industrial infrastructure development is a priority and the provisions provide for development of border districts, extreme border zone and 'Kandi' areas. Chief Minister Singh proposed hiking incentives for the industry in border areas from 125 per cent to 140 per cent,It also provides for establishment of exhibition and convention centres in Mohali, Ludhiana, Jalandhar and Amritsar in the first phase.