SHILLONG: In a bid to improve efficiency and reduce the time spent for processing files and to also ensure implementation is done at a faster pace, the state cabinet on Thursday approved Chief Minister’s Special Development Fund (CMSDF).
This new scheme has been created by merging two existing schemes, namely Chief Minister’s Special Rural Development Fund (CMRDF) and Chief Minister’s Special Urban Development Fund (CMSUDF).
The state cabinet also approved the remission of stamp duty fees to be charged on the Emergency Credit Line Guarantee Scheme and PM SVANidhi.
The exemption of the fees will allow the small-time borrowers such as street vendors and entrepreneurs to easily avail the scheme without having to register or pay stamp duties.
The cabinet also approved Meghalaya Settlement of Arrears under the State Taxation Act, 2020.