Features and special provision of Industrial Policy 2011

What are the features of industrial policy?

The features of industrial policy can be addressed by points given below:

1. To bring positive change in overall economic and  social sector of country by rapid industrial development.
2. Sustainable and broad based  industrial development in coordinated and collaborative partnership of public, private and cooperative sector.
3. Increase contribution of industrial sector in balanced regional development.
4. The policy has an objective to increase the export of  industrial products along with the growth of national income and employment.
5. Mobilization of local resources,raw materials,skills and means to develop industrial sector.
6. Establish industrial entrepreneurship as a  sustainable and reliable sector.
7. Create strong basis of investment having development,productive human resource,managerial capacity required for industrial development.
8. To protect industrial intellectual property right.
9. Provision of special policy relating to micro enterprise,cottage and small industries.
10. Provision for establishing well facilitated economics zone for encouragement of establishing export oriented industries.
11. Special provision of women empowerment is made.
12. Provision relating to reform and reconstructing of  sick industries.

What are the special provision made by Industrial act, 2011 for women entrepreneurs?

With the objective of involving women in industrial enterprises there are more opportunities of employment may be available for enhancing the financial empowerment of women, the following additional provision has been made as per concept of inclusion:

• In any level to formulate policies relating to any industrial enterprises, representation of women belonging to indigenous and tribal people like, Dalit, Madhesi, marginalized communities who are involved on concerned enterprise shall be made  mandatory.
• Provision of group loan shall be made in various banking and cooperative institution for  extending loans in simple and easy manner to women entrepreneurs of cottage and small scale.
• Priority shall be given to women in the venture capital to be provided while establishing industry.
• An exemption of 35% in the registration fee shall be given if an industry is registered only in the name of women.
• Special priority shall be given to women entrepreneurs if they desire to establish an industry  in an industrial district.
• Inorder to develop women entrepreneurs and to encourage women to become an entrepreneur , women shall be involved in trainings, meetings, seminars, study visit on technology development.
• In the sales counters to be developed  in various development regions, provisions shall be made for sales counters for the products developed by women entrepreneurs.
• Provision shall be made for  making available export loans to women entrepreneurs/business person exporting their products .
• The industry registered only in the name of women shall be provided with an exemption of 20% in the fee getting registered the industrial property such as patent, trademark and design.
• For the development of women entrepreneurship, a separate women entrepreneurship fund shall be created.
• A separate sectorial unit shall in the ministry of industries for development of women entrepreneurship.
• Mandatory provision of introducing directives for prevention and control of all type of gender violence at workplace shall be made for protection of rights of women entrepreneurs,women workers and women job seekers.
• Plan program and budget implementation concerning industrial promotion shall be made gender friendly and ensure the guarantee of gender equality, gender analysis and assessment, gender auditing and gender budget system of concerned policies and programs shall be introduced.