Home ECONOMY Films made in Odisha to be exempt from entertainment tax

Films made in Odisha to be exempt from entertainment tax

0
SHARE

Odisha Sun Times Bureau
Bhubaneswar, Mar 31:

There is good news for film makers in Odisha. The draft Industrial Policy prepared by the state government proposes to exempt all Odia feature films produced in Odisha from Entertainment Tax and provid additional fiscal and non-fiscal incentives.

odia film poster

Odisha Film Development Corporation (OFDC) shall formulate a scheme for extending soft loan assistance to Odia films at a nominal rate of interest subject to maximum ceiling limit and on conditions as may be decided by OFDC to producers of films in the State, the darft policy says.

Producers of films who utilize the facilities of Kalinga Studio Limited (KSL), Film & Television Institute of Odisha and Kalinga Prasad Colour Processing Laboratory will be eligible to get incentives in the shape of subsidy subject to the ceiling limit and terms and conditions as may be laid down by OFDC, the draft policy says.

For revival of KSL, the state government would spend Rs 1 crore. In addition to this, Rs 80 lakh will be provided as government assistance for film making, Rs 30 lakh for children’s film making, Rs 25 lakh to OFDC as grant and Rs 14.98 lakh for refund of entertainment tax to the cinema halls in the state.