9 hrs ago
Kerala Cabinet Approves Saral Keralam Investment Approval Fast-Track Scheme
The Kerala Cabinet approved a new plan called Saral Keralam.
It is meant to make investment approvals faster and simpler.
Investors will use one main approval process instead of dealing with many separate procedures.
A district body will handle investments between Rs 25 crore and Rs 50 crore.
A state body will handle investments worth more than Rs 50 crore.
Government departments must review proposals within set deadlines.
The Kerala State Industrial Development Corporation will coordinate the process.
The plan also allows appeals when a department objects to a proposal.
The Kerala Cabinet approved Saral Keralam to simplify and accelerate investment approvals.
The scheme is based on “One State, One Approval, One Document” and will provide a single-window mechanism.
District-level bodies will handle investments from Rs 25 crore to Rs 50 crore, while state-level bodies will handle proposals above Rs 50 crore.
The government amended 19 existing laws, established a committee, and fixed deadlines for departmental reviews.
The Kerala State Industrial Development Corporation will coordinate the process, which includes an appeal mechanism for rejected proposals.
- Who
- The Kerala Cabinet, Chief Minister V D Satheesan, government departments, and the Kerala State Industrial Development Corporation.
- What
- Approval of Saral Keralam, a single-window system intended to speed up investment approvals.
- Where
- Kerala, with district- and state-level approval bodies.
- When
- Wednesday, when the Cabinet approved the initiative.
- Why
- To reduce long delays in investment decisions and attract more investment to the state.
Key facts
- Initiative
- Saral Keralam
- Approval principle
- “One State, One Approval, One Document”
- Legal changes
- 19 existing laws were amended
- District-level threshold
- Investments from Rs 25 crore to Rs 50 crore
- State-level threshold
- Investments above Rs 50 crore
- Coordinator
- Kerala State Industrial Development Corporation
- Additional provision
- An appeal mechanism will apply when departments object to proposals
Quotes
V D Satheesan
Chief Minister of Kerala
“Under the scheme, investments between Rs 25 crore and Rs 50 crore will be handled by a district-level body, while proposals above Rs 50 crore will come under a state-level body.”
deccanchronicle.com
“Once a proposal is received, the departments will have to complete their examination within the stipulated time and send their response back.”
deccanchronicle.com
Sources
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