(Image source from: x.com/BRSparty)
BRS left behind Rs 3,736 Cr industrial incentive arrears:- The previous BRS government, which made ambitious demands to make Telangana the number one industrial state in the country through the TS-iPASS industrial policy, left a backlog of Rs 3,736 crore for mega, medium and small enterprises. He will retire in December 2023, according to industry data. The BRS government did not provide industrial incentives worth Rs 3,007 crore to small and medium enterprises and Rs 728 crore to large enterprises. The budget allocates funds annually to stimulate the industry, but the amount is not made public. Even in the last financial year 2023-24, cheques worth Rs 684 crore issued to companies as incentives could not be used by entrepreneurs due to lack of funds in the bank accounts in the industry. Former Chief Minister K. Chandrasekhar Rao and Industries Minister KT Rama Rao have always loudly stated that only Telangana's online industrial policy TS-iPASS is better not only than the industrial policies of the states of the country but also of the leading countries of the world. As part of the TS-iPASS policy, they boasted that industry licenses and industry incentives are renewed within days at the click of a button.
Businessmen and entrepreneurs who approach the Ministry of Finance and Industry to claim one-year arrears are just wasting time to obtain incentives for the industry. Therefore, do not use the TS-iPASS industrial policy. The new parliamentary government, which took office in December 2023, is currently gradually paying off the remaining debts of the previous BRS government. The issue of upcoming industrial incentives came up on Tuesday when Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu held a meeting with senior industry officials to discuss plans to formulate a new industrial policy for Telangana. Officials told the Prime Minister that out of the previous BRS government's arrears of Rs 3,736.67 crore, general category traders accounted for Rs 2,037 crore.
Following the promise of the BRS government to provide special incentives to the Scheduled Castes and Scheduled Tribes, several businessmen and entrepreneurs have come forward to set up industries and units. The BRS government also delayed these sectors. It owes Rs 662.4 crores for SCs and STs have to get Rs 1,037.08 crores. To make matters worse, the BRS government had issued checks worth Rs 684.04 million to the industrialists for the past financial year 2023-24. Of this, checks worth Rs 330.68 crores to public sector, Rs 272.5 crores to SCs and Rs 80.86 crores to STs were canceled. Excluding the forfeited checks, the BRS government has arrears totaling Rs 3,052.63 crore, including Rs 1,706.43 crore for general category, Rs 389.98 crore for SC and Rs 956.2 crores for the STs.
