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1 |
Industrial Investment Promotion Assistance:- |
An Industrial Investment
Promotion Assistance, equivalent to 50%
amount of Commercial Tax and Central Sales
Tax (excluding Commercial Tax on the purchase
of raw material) deposited by the unit in
the preceding year would be given to the
industry; having fixed capital investment
between Rs 1.00 crore to Rs 10 crores. Provision
for this purpose would be made in the departmental
budget. This would be available for 3 years
in advanced districts and for 5 years in
the backward districts. Assistance will
not be more than fixed capital investment.
An industrial Investment
Promotion Assistance equivalent to 75% amount
of Commercial Tax and Central
Sales Tax (excluding Commercial Tax on the
purchase of raw material) deposited by the
unit in the preceding year would be given
to the industry having fixed capital investment
more than Rs 10.00 corers. Provision for
this purpose would be made in the department
budget. The assistance would be available
as per the following chart:-
|
Category of
District |
Minimum eligible
Fixed capital Investment |
Duration of
Assistance |
|
Advanced District |
Rs 25 Crore |
03 Years |
|
Backward District
A |
Rs 20 Crore |
05 Years |
|
Backward District
B |
Rs 15 Crore |
7 Years |
|
Backward District
C |
Rs 10 Crore |
10 Years |
Amount of assistance will not be more than
fixed capital investment. For information
technology industries, the above assistance
would be available only in the IT Parks.
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2 |
Concessions to Mega Projects in allotment
of land:- |
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Industrial units having fixed capital investment
of Rs 25 crore and above (excluding working
capital) would be treated as Mega projects.
5 to 20 acres land at concessional rate
of 25 percent of the stipulated premium
rate would be made available to such projects,
depending upon the size of investment.
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3 |
Concessional package for Mega Projects
and Projects of special importance:- |
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Mega Projects of special importance with
infusion of modem technology management
could be given special economic or other
package could be sanctioned by the Apex
Level Investment Promotion Empowered Committee
headed by the Chief Minister, on a case
by case basis, keeping in view the requirements
of such projects and resources of the state
government. Industrial units in food and
agro processing, milk products, and forest
based products would be treated as Mega
Projects for this purpose, if their fixed
capital investment is over Rs. I 0 crore.
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4 |
Exemption in Stamp Duty and Registration
Charges:- |
(a)
Industries that obtain loan for new units,
expansion, diversification or modernization
would be eligible for exemption
in stamp duty and registration
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Stamp Duty
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Registration Fee
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Category of districts
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Small Scale Industry
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Large and Medium Scale industry
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Small Scale Industry
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Large and Medium Scale Industry
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Backward B
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100%exemption
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50% exemption
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Re 1 per thousand
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50% of the general rate
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Backward C
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100%exemption
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100%exemption
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Re 1 per thousand
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Re 1 per thousand
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N.I.B.
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100%exemption
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100%exemption
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Re 1 per thousand
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Re 1 per thousand
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charges in the legal documents as per the
following chart:-
(b)
Stamp Duty and Registration
charges would be levied on the premium amount
as charged by the Industry Department for
lease deeds of land and shed in Industrial
Areas and Industrial Growth Centres.
(c)
Stamp duty and registration
charges would be levied only on the transfer
fee; charged by the Industry Department
in cases of land transfer. Blood relations
(Husband/Wife/Mother/Father/Son/Daughter/Brother/Sister
Grand Daughter/Grand Son) would not be included
in the transfer category for ownership or
partnership units. In such cases no
transfer fee would be charged. Appropriate
amendments in the lease deed would be made
for which Rs I000/- as stamp duty and Rs
100/- as registration fee would be charged.
(d)
Stamp duty and Registration
Charges would be fully exempted for the
industrial units, which have been closed
down and acquired by the industrial units,
which have been closed down and acquired
by the financial institutions and banks
or sick and closed units referred to BIFR
or liquidator for disposal.
(e)
Full exemption in stamp duty
and registration charges for sale/Transfer
of sick units; as defined by RBI and closed
down industrial units would be given.
(f)
If existing managements of
an Industrial unit did not succeed in running
the unit at more than 50% of its installed
capacity for 3 years and for better utilization
of capacity he sells the unit as “on going
concern” to another entrepreneur or the
said unit Merges/Amalgamates with another
company then in the such cases stamp duty
and registration charges would be limited
to a maximum of Rs I0 lacs.
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5 |
Exemption from Electricity Duty on Captive
Power Generation:-
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For a period of 5 years. |
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6 |
Entry Tax:- |
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Exemption would be given to New Industry
for a period of 5 years from the date of
first purchase of Raw material.
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7 |
Interest Subsidy on Term Loan:- |
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This subsidy will be available to the New
units at a interest rate of 3% to 5% for
a period of 5 years to 7 years for a total
amount of Rs 10 lacs to Rs 20 lacs; depending
upon the category of districts in which
unit has been set up. This subsidy
would also be available in "No Industrial
Block" even though it falls in Advance District.
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8 |
Subsidy to Industry under Thrust Sector:-
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Industry under Textile, Information Technology,
Bio-Technology, Automobiles, Pharmaceuticals
and Herbal, Food Processing, Agriculture
and Urban Waste Processing, sectors have
been categorized as Thrust Sector. In order
to encourage the establishment of industry
in the Thrust Sector a special will be given
at the rate of 25% of the fixed investment
to a maximum of Rs 10 lacs to 25 lacs as
per the category of the District. These
industries would not be eligible for other
capital investment subsidy. |
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9 |
Capital Investment Subsidy:-
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n fixed investment as per following particulars
would be given to small scale industries.
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District
Category
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Percentage
of fixed investment as subsidy
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Maximum
Amount
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Backward
District A
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15%
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Rs 5.00
lacs
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Backward
District B
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15%
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Rs 10.00
lacs
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Backward
District C
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15%
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Rs 15.00
lacs
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10 |
Special provisions for entrepreneurs belonging
to scheduled caste and
scheduled tribes and women entrepreneurs:-
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. Interest subsidy on the term loan at a
rate of 5% for a period of 5 years without
any ceiling would be provided to the industrial
units owned by women, scheduled caste and
scheduled tribe entrepreneurs.
. Investment subsidy at the rate of 15 percent
of the capital investment with a ceiling
of Rs 5 lacs would be given to said category
of entrepreneurs in advanced districts.
. Upper limit for investment subsidy in
the backward districts of A, B & C category
would be Rs 6 lacs, Rs 12 lacs, 17.5 lacs
respectively.
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11 |
Concessions to the Existing Units:-
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Existing units undergoing expansion/diversification/
technological up-gradation will be treated
as a new unit for the purpose of concessions
and facility as a New unit subject
to the condition that additional fixed investment
is more than 50 % of the existing unit and
with a minimum amount of Rs 5.00 crores.
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12 |
Exemption from Mandi Tax:- |
- Mandi Tax would
not be levied on the agricultural produce
brought from outside the state as raw material
by a food processing industry.
- Agricultural produce
used as raw material in the industries set
up in the food parks would be exempted from
Mandi Tax.
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13 |
Concessions to Food Processing Industry:-
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- Commercial Tax levied
on the raw material of food processing industry;
set up in food parks shall be adjusted (set
off) against the Commercial Tax of the finished
goods.
- With a view to encouraging
food processing industry, reimbursement
of up to Rs One lakh or I0% of actual expenditure
made for obtaining quality certification
and research work would be given.
Food processing industry, which is in the
small scale category, would also be eligible
for marketing grant. Efforts for brand
building of food processing industry in
the small-scale sector would also be encouraged.
For this purpose reimbursement for establishing
stall in national level/state level, exhibition/seminars
or giving advertisement would be made, on
the basis of actual expenditure. In
the first year Rs 75 thousand in the second
Rs 50 thousand and in the third year Rs
25 thousand could be reimbursed.
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14 |
The new policy contains Special Packages
for textile, medicinal and herbal industries
and automobile component industry.
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15 |
Special packages
for reviving the small scale, large and
medium scale sick/closed units and for restarting
by a new entrepreneur have been provided
in New Industrial Policy.
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16 |
Partial
Reimbursement of Expenditure:- |
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Incurred for Project
Report, ISO 9000 quality certification,
patent etc.
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17 |
Land at Concessional Rate for Wan Housing
would be provided. |
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18 |
Encouragement for the of Industrial Parks
by private Sector:-
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All assistance would be provided including
subsidy up to Rs 1.00 crore.
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