Uttarakhand Mega Industrial and Investment Policy - 2021
The scheme aims to promote large-scale industrial development and investment in the state of Uttarakhand by creating a favourable business environment, encouraging capital investment, and generating employment opportunities.
About the Uttarakhand Mega Industrial and Investment Policy - 2021 Scheme
The “Mega Industrial and Investment Policy - 2021” is implemented by the Micro, Small, and Medium Enterprises (MSMEs) Department under the Department of Industries, Government of Uttarakhand. The scheme aims to promote large-scale industrial development and investment in the state of Uttarakhand by creating a favourable business environment, encouraging capital investment, and generating employment opportunities.
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Benefits
*Classification of Projects Based on Fixed Capital Investment:*
- Large Projects – ₹50 crore to ₹75 crore. - Mega Projects – Projects with a capital investment of more than ₹75 crore and up to ₹200 crore. - Ultra Mega Projects – Projects with a capital investment of more than ₹200 crore and up to ₹400 crore in plant and machinery. - Super Ultra Mega Projects – Projects with a capital investment of more than ₹400 crore in plant and machinery.
*Financial Incentives:* Rebate/concession on prevailing land rates in SIIDCUL Industrial Areas (for manufacturing industries only):
- Large Projects – 15% - Mega Projects – 25% - Ultra Mega Projects – 30% - Super Ultra Mega Projects – 30%
Interest Subsidy: Reimbursement assistance on interest for term loans taken from banks for 5 years:
- Large Projects – 7%, maximum ₹25 lakh per annum - Mega Projects – 7%, maximum ₹35 lakh per annum - Ultra Mega Projects – 7%, maximum ₹50 lakh per annum - Super Ultra Mega Projects – 7%, maximum ₹75 lakh per annum
SGST Reimbursement (for manufacturing enterprises only): Reimbursement of net SGST for 5 years after adjustment of Input Tax Credit (ITC) on B2C sale of self-manufactured goods/items:
- Large Projects – 30% - Mega Projects / Ultra Mega Projects / Super Ultra Mega Projects – 50%
Electricity Bill Reimbursement Assistance (for manufacturing enterprises only): To support production, electricity reimbursement assistance will be provided at ₹1.00 per unit in the electricity bill, from the date of issuance for the next 5 years:
- Large Projects – ₹50 lakh per annum - Mega Projects – ₹75 lakh per annum - Ultra Mega Projects – ₹1 crore per annum - Super Ultra Mega Projects – ₹1.50 crore per annum
Reimbursement of Electricity Duty: 100% reimbursement.
Reimbursement of Stamp Duty: 50% reimbursement of stamp duty charges payable during the execution of land purchase deed and lease deed.
Reimbursement of Registration Fee: Registration of Land Purchase Deed/Lease Deed at the rate of ₹999 per ₹1,000.
Subsidy on ETP: Capital subsidy of 30%, maximum ₹50 lakh for setting up an ETP plant.
Payroll Assistance to Encourage Large-Scale Employment Generation: Payroll assistance will be provided based on the minimum limit for regular employment:
- Large Projects – 50 employees - Mega Projects – 100 employees - Ultra Mega Projects – 200 employees - Super Ultra Mega Projects – 400 employees
Payroll assistance will be given as a subsidy for the next 5 years at the rate of ₹500/- per month per employee for additional employees employed beyond the specified limit. For women employees, this rate will be ₹700/- per month per employee.
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Eligibility Criteria
- Any person who wishes to invest in Uttarakhand under the &quot;Mega Industry and Investment Policy&quot; is eligible.
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How to Apply for Uttarakhand Mega Industrial and Investment Policy - 2021
Application mode: Online
- To avail of the financial incentives provided under the policy, investors can apply online through the portal developed under the single-window system at https://investuttarakhand.uk.gov.in/. 1. Details of the entire registration process and the documents required are also available on the official website.
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Frequently Asked Questions
What is the Uttarakhand Mega Industrial and Investment Policy - 2021 scheme?
The “Mega Industrial and Investment Policy - 2021” is implemented by the Micro, Small, and Medium Enterprises (MSMEs) Department under the Department of Industries, Government of Uttarakhand. The scheme aims to promote large-scale industrial development and investment in the sta…
Who is eligible for Uttarakhand Mega Industrial and Investment Policy - 2021?
Any person who wishes to invest in Uttarakhand under the &quot;Mega Industry and Investment Policy&quot; is eligible. <br
What benefits does Uttarakhand Mega Industrial and Investment Policy - 2021 provide?
Classification of Projects Based on Fixed Capital Investment: Large Projects – ₹50 crore to ₹75 crore. - Mega Projects – Projects with a capital investment of more than ₹75 crore and up to ₹200 crore. - Ultra Mega Projects – Projects with a capital investment of more than ₹200 crore and up to ₹400…
How can I apply for Uttarakhand Mega Industrial and Investment Policy - 2021?
To avail of the financial incentives provided under the policy, investors can apply online through the portal developed under the single-window system at https://investuttarakhand.uk.gov.in/. 1. Details of the entire registration process and the documents required are also available on the official…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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