Overview
- The cabinet approved the policy on October 14 under Chief Minister Devendra Fadnavis, setting a target of Rs 50,000 crore in investment over 10 years and more than five lakh direct and indirect jobs.
- Initial financing includes Rs 1,534 crore for near-term implementation, a Rs 11,797-crore outlay over 20 years, and Rs 50 crore earmarked for the current fiscal year.
- Implementation features 15 dedicated bamboo clusters with anchor units, common facility centres and micro CFCs to support artisans in remote areas.
- The package offers interest and power subsidies, stamp duty concessions and a Rs 300-crore venture capital fund for startups and MSMEs in the bamboo value chain.
- A pilot valued at about Rs 4,271 crore with the Asian Development Bank covers quality saplings, grants and FPO training, with plans for tech adoption, PLI proposals, biomass blending in thermal plants and plantations via MGNREGA.