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“The special features of the scheme include separate earmarking of funds for MSMEs and incentivizing sales up-to 20 times of minimum cumulative yearly investment for the purpose of benefits,” Prakash told ET, a day after the government released the guidelines for companies to avail benefits under the scheme.
According to the guidelines released on Thursday, Rs 12,195 crore will be disbursed as incentives to the qualified companies over a five year period by achieving stipulated production targets. Of this, Rs 1000 crore have been set aside for the ten MSMEs, three out of which will be domestic companies.