Capital subsidy up to ₹50 lakhs can be availed, subject to the criteria laid under the special package.
In a bid to increase LMO production in Rajasthan, the state government recently announced the first-of-its-kind capital subsidy scheme for setting up oxygen manufacturing units. As per the latest developments, the administration will now be aiding private healthcare centres across too, with special benefits for instituting oxygen plants within their campus. Under this initiative, the benchmark for minimum required investment has been eased.
Decision taken in view of the needs of the private hospitals
The latest decision has been promulgated after the industries department of the state infrastructure organised multiple sessions of deliberations with the spokespersons of the private hospital. This helped them in understanding the needs of the private hospitals, which led to the current intervention. With the implementation of the special package, it can expected that the medical centres will be advantaged significantly.
Industries Minister said, "As there were requests from the medical fraternity for inclusion of hospitals establishing oxygen plants for incentives under the package, and lowering the investment bar for them, we have have now extended the benefits to private hospitals also, understanding the need of the hour. This step of the government will help equip us better for the future."
Capital subsidy up to ₹50 lakhs can be availed
As a part of this targeted scheme, if any medical centre puts forth an investment for establishing oxygen plants during the ongoing financial year, it can procure a capital subsidy worth 25% investments in plant and machinery. Alternatively, a capital subsidy equal to ₹40,000 per nm3/hour or m3/hour of medical oxygen production limit, whichever is lower, can be availed. Notably, the monetary benefits are capped at a maximum amount of ₹50 lakhs under this scheme. Further, the investors must have instituted plants and started production between April 30 and September 30, in order to become beneficiaries.
It has been stated that the medical oxygen plant being instituted at the hospital, must have the capacity to produce nearly 30 oxygen cylinders every day. In addition to the hospitals, other enterprises can also get a capital subsidy equivalent to 25 per cent of the invested sum in plant and machinery and equipment, subject to an upper limit of ₹50 lakhs.
- With inputs from IANS