The Meghalaya Cabinet approves 7 agendas; home made juice wine introduced
Shillong: The Meghalaya cabinet on Thursday approved 7 programs, including the reimbursement of 2% of the interest charged on the Kissan credit card loan, the Chief Minister’s Rural Development Fund and the Chief Minister’s Special Urban Development Fund converged in one. Another agenda was to introduce the making and sale of homemade fruit wines in the state and the tax payable on 14 additional items.
Speaking to the media after the meeting, Meghalaya Chief Minister Conrad K Sangma informed that the first order of business was for the Kissan Credit Card (KCC) farmer interest subsidy program in the state. It was after a meeting between the Ministry of Agriculture and the Ministry of Finance that the government decided to reimburse 2% of their interest.
“I am happy to inform all of our farmers that the farmers who have benefited from the KCC loans from the Meghalaya State Government will repay 2% of their interest. This was to support farmers during the COVID time. We understand that farmers and the general public have faced many challenges during this crisis, so this was one of the measures taken, ”Sangma informed.
Another agenda was that the Chief Minister’s Rural Development Fund and the Chief Minister’s Special Urban Development Fund, which are in the amount of Rs 8 crore and Rs 4 crore respectively, will now be merged into one. under the banner of the Chief Minister’s Special Development Fund. .
Sangma said, “Previously, these funds were implemented through the respective departments of urban and rural affairs, but with the aim of improving efficiency and reducing the time spent processing cases. These two programs have converged into a single program now under the banner of the Chief Minister’s Special Development Fund and which will in future be implemented by the Chief Minister’s Secretariat. It will be the same fund in the amount of Rs 12 crore, but it will now be implemented by the CM Secretariat and the aim is to ensure that the implementation is done at a faster pace.
The Firm has now introduced the manufacture and sale of homemade fruit wines. Under this rule, the government will formally create rules allowing individuals to make homemade wines and sell them in the market. “This will help the farmers whose products are sometimes wasted, they will be helped in this particular process, but at the same time, the objective is to promote the entrepreneurs who will get employment opportunities thanks to this rule and this framework”, a Sangma said.
The state government will ensure that the ad valorem paid by these producers of homemade fruit wines is much lower than that of other products. Only Rs 100 per case will be the ad valorem fee and no VAT will be levied on these producers. The license fees for these producers will be Rs 7,500 per year. These can be opened by individuals, by various corporate companies or businesses that would like to embark on this path.
“This will not only boost the state’s wine sector, but it will greatly help the farmers who produce a lot of fruit in the state,” Sangma added.
The Meghalaya Arrears Settlement Ordinance (under state tax laws), the Meghalaya 2020 arrears settlement rules were approved today, Sangma informed.
The Cabinet also approved the remission of stamp duty on the Emergency Credit Lines Guarantee Scheme and the PM SVAnidhi scheme. The government has exempted the stamp duty that must be charged on this emergency line of credit guarantee program. Sangma said this will make it easy for short-term loan takers to take advantage of it, and it is happening across the country as well.
The Cabinet also notified the rules for the electronic payment of legal costs of the Meghalaya. Sangma informed that previously he was allowed to be paid through the online mode, so the rules on how they can be done have been notified.
The last agenda taken by was the amendment to the Meghalaya Minerals Cess Act 1988.
Sangma informed that the Cabinet must increase the number of items and minerals on which the Cess can be billed. Cess will now be billed on 14 additional items.
The Cess collected will be used for other items such as health and water supply and physical infrastructure outside of education.
It is also proposed that the levy and collection of taxes from people who extract or remove minerals from any land in addition to the mine or quarry will also be charged. The government expects overall government revenues to improve under the Cess.
Previously, the state was able to collect Cess amounting to around 48 crore in 2018-19 and it rose to 73 crore in 19-20. The government expects an additional 40-50 crore to arrive with the new items added to the Cess list.