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In order to promote industrialisation of backward areas, the central Governments announced in June 1988 the scheme for establishment 70 Growth Centres throughout the country. Each growth centre would be bestowed with the best of infrastructural facilities to facilitate and promote industrial growth.

Facilities And Financing Pattern For Growth Centres

- Proximity To Railhead, National Or State Highways, Or Port.

- Water, Electricity, Telecommunication, Education And Health Facilities, Sufficient Land.

Financing Pattern Of Each Growth Centre Is As Follows:

- Central Government : Rs. 10 Crores

- State Governments : Rs. 5 Crores

- Financial Institutions/Banks : Rs. 5 Crores

- Market Borrowing : Rs. 10 Crores

About 65 Growth Centres have been identified. An important criteria for identification of growth centre is that its sphere of influence should cover an area of about 400 to 800 hectares. About 28 Growth centres are in various state of completion.