Ranchi, July 7: The Jharkhand government has unveiled the draft Jharkhand Industrial Investment Promotion Policy 2026, proposing enhanced financial incentives to attract private investment in higher education, healthcare and micro-industries as part of its push to accelerate industrial development in the state.
The draft policy significantly raises the ceiling on capital investment subsidies for educational institutions and hospitals while retaining 100 per cent reimbursement of stamp duty and registration fees for eligible investments.
Under the proposal, super-speciality hospitals will be eligible for a capital investment subsidy of up to Rs 30 crore, up from Rs 25 crore under the 2021 industrial policy.
Educational institutions have also been offered enhanced incentives, with the maximum capital investment subsidy proposed to be increased from Rs 20 crore to Rs 30 crore, excluding land cost. The subsidy will cover up to 25 per cent of the total capital investment.
The draft further proposes a 5 per cent interest subsidy for five years, capped at Rs 5 crore, for eligible educational institutions. No separate ceiling for the interest subsidy existed under the previous policy.
To qualify for these incentives, institutions will be required to have a minimum intake of 100 students and offer at least five engineering branches, according to the draft.
The government has also proposed an interest subsidy of up to Rs 25 lakh for micro-industries to promote small-scale investments.
The healthcare sector is set to receive higher financial support under the proposed policy. The capital investment subsidy for Grade-I multi-speciality hospitals has been doubled from Rs 5 crore to Rs 10 crore, while the limit for Grade-II multi-speciality hospitals has been raised from Rs 12.5 crore to Rs 15 crore. The maximum subsidy for super-speciality hospitals has been enhanced to Rs 30 crore, whereas the subsidy for nursing colleges has been retained at Rs 1 crore.
Officials said the proposed policy seeks to encourage private investment in education and healthcare infrastructure while strengthening industrial growth across the state through enhanced fiscal incentives. The draft will be finalised after consultations with stakeholders before being notified.
