Gujarat has introduced the New Cottage Policy 2024, effective for five years, aiming to develop self-sustaining cottage industries. The policy focuses on credit access, market support, infrastructure, skill development, technology upgrades, and innovation for artisans and entrepreneurs. Maximum loan amounts under the scheme have increased from ₹8 lakh to ₹25 lakh, and subsidies have risen from ₹1.25 lakh to ₹3.75 lakh. The policy aims to create 12 lakh jobs over five years, including 3.3 lakh direct and indirect opportunities through enhanced financial support. It seeks to expand access to local and international markets for artisans.
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