Examine the following statements about T-IDEA Incentive Scheme, 2014:

A. It is called as Telangana State Industrial Development and Entrepreneur Advancement Incentive Scheme, 2014.

B. The scheme was introduced in 2014 by issuing G.O.Ms.No. 28, dated: 29-11-2014.

Choose the correct answer:

Key Points

• The T-IDEA scheme is officially named the Telangana State Industrial Development and Entrepreneur Advancement Incentive Scheme, 2014.
• The scheme aims to promote industrial development and entrepreneurship in the state of Telangana.
• It was introduced by issuing Government Order (G.O.) Ms. No. 28 on November 29, 2014.
• The scheme includes various incentives and support measures for industries and entrepreneurs in Telangana.

Additional Information

• Telangana State Industrial Development and Entrepreneur Advancement Incentive Scheme (T-IDEA)
  • The T-IDEA scheme was introduced to foster the growth of industries and promote entrepreneurship in the newly formed state of Telangana.
  • The scheme provides a range of incentives such as capital investment subsidies, tax reimbursements, and support for infrastructure development.
  • It aims to attract new investments, create job opportunities, and boost the overall economic development of the state.
  • The scheme also emphasizes support for Micro, Small, and Medium Enterprises (MSMEs) to enhance their growth and competitiveness.
• Government Orders (G.O.)
  • A Government Order (G.O.) is an official directive issued by the government to implement policies, schemes, and regulations.
  • G.O.s are typically issued by the concerned department or ministry and are legally binding.
  • The G.O. Ms. No. 28 issued on November 29, 2014, was the official directive to implement the T-IDEA scheme in Telangana.
  • G.O.s play a crucial role in the administrative functioning and governance of the state.