Karnataka Industries Facilitation Act 2002 - UPSC Notes
The Karnataka Industries Facilitation Act, 2002, was created to make it easier for industries to start and grow in Karnataka.
Karnataka Industries Facilitation Act, 2002 – Simple Explanation Introduction The Karnataka Industries Facilitation Act, 2002, was created to make it easier for industries to start and grow in Karnataka. The law helps businesses by cutting down on delays, reducing paperwork, and making approvals faster. Key Features of the Act One-Stop Clearance System: Instead of going to many offices, businesses can apply for all approvals in one place. Quick Approvals: The government must approve applications within a fixed time. If they don’t, the approval is automatically granted (deemed approval). Self-Certification: Companies can declare that they follow the rules without waiting for inspections. This reduces unnecessary checks and speeds up business operations. Nodal Agencies: The government has set up agencies at the state and district levels to help industries with approvals and guidance. Online Application System: Investors can apply online using a Combined Application Form (CAF), reducing the need for …