The Karobar Card Scheme, recently approved by the Punjab Small Industries Corporation (PSIC), is a landmark initiative designed to accelerate industrial growth and provide financial support to businesses. Alongside the scheme, the government has introduced several measures aimed at improving the infrastructure and operational efficiency of industrial estates across Punjab. These measures focus on sustainable development, effective utilization of land, and creating a conducive environment for businesses.
| Measure | Details |
| Water Treatment Plants | Mandatory installation in industrial units to ensure environmental safety. |
| Tree Plantation | Enhancing green spaces in industrial estates to promote sustainability. |
| Auction of Plots | Selling redundant and unused plots to active industrialists. |
| Fee Reduction | Business title change fees reduced to ease business restructuring. |
Mandatory Installation of Water Treatment Plants
To address environmental concerns, the Punjab government has made it mandatory for all industrial units in the estates to install water treatment plants. This initiative aims to reduce industrial pollution and ensure that wastewater is treated before being discharged. Industrial units that fail to comply will face strict action, including fines and potential closure. This measure reflects the government’s commitment to maintaining environmental safety in industrial areas.
Promoting Green Spaces Through Tree Plantation
Recognizing the importance of green spaces, the government has directed industrial estates to undertake large-scale tree plantation drives. This initiative not only enhances the aesthetics of these areas but also contributes to reducing carbon emissions. Tree plantations are expected to improve air quality, provide shade, and create a healthier environment for workers and nearby communities. Industrial units are encouraged to actively participate in this initiative as part of their corporate social responsibility.
Auctioning of Redundant and Unused Plots
To ensure the optimal use of industrial land, the PSIC has approved the auctioning of redundant and unused plots in small industrial estates. Owners of 500 plots who have not installed industrial units have been issued final notices. If they fail to respond within two months, the plots will be auctioned, and the proceeds will be returned to the owners after deducting fines. This move is intended to attract active industrialists and revitalize underutilized areas.
Also Read: How Long Does it Take to Get Approval for the Karobar Card Loan?
Reduction in Business Title Change Fees
In a bid to encourage entrepreneurship and facilitate ease of doing business, the PSIC has reduced the fee for changing the title, style, or corporate setup of businesses from 1% to 0.5%. This reduction aims to make business restructuring more affordable, thereby attracting more investors to industrial estates. Entrepreneurs can now focus on expanding their businesses without worrying about excessive fees.
Enhanced Legal Support for Industrial Cases
The PSIC has also decided to seek the services of competent lawyers to expedite the resolution of legal disputes involving industrial estates. This measure aims to reduce delays in industrial projects and provide timely solutions to legal issues faced by businesses. Efficient legal support is expected to create a more investor-friendly environment and boost confidence in the industrial sector.
Conclusion
The Karobar Card Scheme, coupled with the measures to improve industrial estates, signifies the government’s commitment to fostering industrial growth and sustainability in Punjab. By mandating water treatment plants, promoting tree plantation, auctioning unused plots, reducing fees, and enhancing legal support, the government is addressing both environmental and operational challenges. These initiatives are expected to attract more investment, create employment opportunities, and contribute to the overall economic development of the province.
Also Read: CM Punjab Karobar Card Loan Scheme For Small Businesses 2025 (Apply Online)
FAQs
What is the purpose of installing water treatment plants in industrial estates?
The installation of water treatment plants is aimed at reducing industrial pollution and ensuring the safe disposal of wastewater.
How will the auction of unused plots benefit the industrial sector?
The auction will attract active industrialists, ensuring optimal use of land and revitalizing underutilized areas in industrial estates.
What is the new fee for business title changes?
The fee for changing the title, style, or corporate setup of businesses has been reduced to 0.5%.
How does tree plantation contribute to industrial estate improvement?
Tree plantation enhances the environment by improving air quality, reducing carbon emissions, and creating a healthier workspace for employees.