Uttar Pradesh Government Approved IT Policy 2012

The state cabinet of Uttar Pradesh Government in Cabinet meeting chaired by Chief Minister Akhilesh Yadav on 17 October 2012 approved the IT Policy 2012.

With the approval of IT Policy 2012, the IT and Electronics Department got 150 acres of land from the Animal Husbandry Department free of cost to develop IT city.

Also taking an another Step,  the Uttar Pradesh Government approved the second phase of Ghaziabad metro rail from Dilshad Garden, New Delhi, to the bus stand in Ghaziabad.

The UP State Cabinet also came up with approval to the proposal of doubling the prize money for Yash Bharti Award which is given to singers, Filmstars, Sportpersons, and Journalists etc. The award is now made to 11 lakh Rupees from earlier 5 lakh rupees.

The Cabinet in its meeting had also approved 'Janeshwar Misra handloom Award Scheme' with the prize money of 25000 Rupees. The scheme is aimed to promote handloom weavers and acknowledge their works

The IT policy 2012 basically meant for developing Lucknow and Agra as IT hub, and to establish both IT park and IT city.

As per the policy, all the IT companies establishing their units in the state would be given 100 per cent exemption from stamp duty and at the same time be provided 5 per cent interest subsidy for the period of five years which will not excced 100 Crore of Rupees.