UP Cabinet Boosts Tech, Healthcare: Approves Rs 3000 Cr Semiconductor Sops, Varanasi Hospital

• Uttar Pradesh Cabinet approved incentives for semiconductor projects investing Rs 3,000 crore or more.
• Incentives include interest subsidy, employee cost reimbursement, 10-year GST exemption, and power tariff subsidy.
• Expanded stamp duty cap of Rs 5,000 for family property transfers now includes commercial properties.
• Approved a 500-bed multi-super specialty hospital in Varanasi, costing Rs 315 crore.
• Hospital project will be completed in 4 years, with 60% funding from Centre and 40% from state.

Why It Matters: UP Cabinet approves major semiconductor incentives, expands property transfer benefits, and greenlights Varanasi hospital.