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Government Subsidy & Incentives to Industries

Government Subsidy & Incentives to Industries. By Sunita Nahata Banthia Consultancy. Banthia Consultancy Consultants (Loan &Subsidy). Motto of Government Expand existing Business as well as establish new business Support in Opportunity Capitalization Acquire New Technology

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Government Subsidy & Incentives to Industries

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  1. Government Subsidy & Incentives to Industries By SunitaNahata Banthia Consultancy

  2. Banthia Consultancy Consultants (Loan &Subsidy) Motto of Government Expand existing Business as well as establish new business Support in Opportunity Capitalization Acquire New Technology Improve the quality of products Adopting a latest technology available in Current Market Support in onslaught attack from other competitive Market / Countries Manufacture World Class Products by Technology Upgradation Increase Export Business Attract Global Market Employment Generation

  3. Banthia Consultancy Consultants (Loan &Subsidy) Central Government Capital Subsidy to SSI Unit (15% CLCSS) – 45 Various Industries Capital Subsidy to SSI Unit (15% CLMMS) – Textile and Jute Industries Capital Subsidy to SSI Unit (20% CLMMS) – Weaving Sector Capital Subsidy to SSI Unit (25% CLMMS) – Handloom Sector 4% or 5% Interest Subsidy under TUFS – Any Textile and Jute Unit 10% Capital Subsidy under TUFS – Specific Sector of Textile Capital Subsidy (25% or 33%) - MOFPI – Food Processing Industries Many More Schemes are available to Industries

  4. Banthia Consultancy Consultants (Loan &Subsidy) Central Government Capital Subsidy to SSI Unit (15% CLCSS) – 45 Various Industries Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore Maximum Capital Subsidy of Rs. 15.00 Lakhs Unit in production upto 3 years Minimum Repayment Period 3 years Application should be done as soon as disbursement complete

  5. Banthia Consultancy Consultants (Loan &Subsidy) Central Government Capital Subsidy to SSI Unit (15% CLMMS)–Textile & Jute Industries Subsidy in lieu of 5% Interest Subsidy Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore Maximum Capital Subsidy of Rs. 45.00 Lakhs Unit in production upto 3 years Minimum Repayment Period 3 years Subsidy should be apply on sanction

  6. Banthia Consultancy Consultants (Loan &Subsidy) Central Government Capital Subsidy to SSI Unit (20% CLMMS) – Weaving Sector Subsidy in lieu of 5% Interest Subsidy Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore Max. Capital Subsidy of Rs. 60.00 Lakhs (In case of Imported Second Hand Shuttleless Looms) Max. Capital Subsidy of Rs. 100.00 Lakhs (In case of New Machine Imported as well as Indigenous) In case of Indigenous Manufacturer, it should be registered with Office of Textile Commissioner, Mumbai Unit in production upto 3 years Minimum Repayment Period 3 years Subsidy should be applied on completion of project**

  7. Banthia Consultancy Consultants (Loan &Subsidy) Central Government Capital Subsidy to SSI Unit (25% CLMMS) – Handloom Sector Subsidy in lieu of 5% Interest Subsidy Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore Maximum Capital Subsidy of Rs. 45.00 Lakhs Minimum Repayment Period 3 years Subsidy should be apply on sanction Unit should be register with respective authority

  8. Banthia Consultancy Consultants (Loan &Subsidy) Central Government 4% or 5% Interest Subsidy under TUFS – Any Textile and Jute Unit Any Textile and Jute Industry Any New Unit or Expansion 4% Interest Subsidy to Stand alone Spinning Unit 5% Interest Subsidy to all other sector No Upper Limit for Subsidy Subsidy available upto 7 years incld. Maximum 2 year Moratorium period

  9. Banthia Consultancy Consultants (Loan &Subsidy) Central Government 10% Capital Subsidy under TUFS – Specific Sector Any New Unit or Expansion Technical Textile / Readymade Garment / Processing / Weaving Sector No Upper Limit for Subsidy Addition of 5% Interest Subsidy In case of Technical Textile Unit, Registration Number from Office of Textile Commissioner, Mumbai should be obtained

  10. Banthia Consultancy Consultants (Loan &Subsidy) Central Government Capital Subsidy (25% or 33%) MOFPI – Food Processing Industries Any New Unit or Expansion Capital Subsidy Limit is Rs. 50 Lakhs (In General Area) and Rs. 75 Lakhs (Backward Area) Subsidy is also available on construction (Technical Civil Work) Milk / Rice / Dal / Oil Manufacturing Units are not eligible

  11. Banthia Consultancy Consultants (Loan &Subsidy) State Government Interest Subsidy (5%/6%/7%/8%) – Any New or Expansion Upto MSI Interest Subsidy (5%) – Any Textile and Jute Industries Interest Subsidy (6%) – Technical Textile and Non-woven Marketing Development Assist. – Marketing of New Products Critical Infrastructure Project – Development of Industrial Infrastructure Technology Acquisition – New Technology Acquisition in India Interest Subsidy (6%) – Agriculture Product Manufacturer Electric Duty Exemption – Any New Unit Interest Subsidy (7%) GTP-12 – Spinning and Apparel Unit Interest Subsidy (5%) GTP-12 – Any Textile and Jute Industries Interest Subsidy (6%) GTP-12 – Technical Textile and Non-woven Power Tariff Subsidy - Spinning and Weaving Unit VAT Refund - Any Textile Unit

  12. Banthia Consultancy Consultants (Loan &Subsidy) State Government Interest Subsidy (5%/6%/7%/8%)– Any New or Expansion upto MSI Any Micro, Small and Medium Enterprise Benefit under Scheme can be availed one time (New unit or Expansion) In case of Expansion, Minimum 50% of Gross Capital Investment Apply within One year from First disbursement Maximum Subsidy Limit is Rs. 25 Lakhs per annum and total subsidy will not exceed to Rs. 125 Lakhs Technical Textile and Non-woven Subsidy available upto 5 years only

  13. Banthia Consultancy Consultants (Loan &Subsidy) State Government Interest Subsidy (5%) – Any Textile and Jute Industries Any Medium and Large Enterprise Benefit under Scheme can be availed one time (New unit or Expansion) In case of Expansion, Min. 50% of Gross Capital Investment Subsidy is available for 5 year or repayment period whichever is earlier Max. Subsidy Limit is Rs. 25 Lakhs per annum and total subsidy will not exceed to Rs. 125 Lakhs to any Unit within Min. Investment should be Rs. 5 Crore Max. Subsidy Limit is Rs. 30 Lakhs per annum and total subsidy will not exceed to Rs. 150 Lakhs to Weaving Unit Max. Subsidy Limit is Rs. 40 Lakhs per annum and total subsidy will not exceed to Rs. 200 Lakhs to Spinning Unit within Min. New or Expansion of 5000 Spindle

  14. Banthia Consultancy Consultants (Loan &Subsidy) State Government Interest Subsidy (6%) – Technical Textile and Non-woven Industries Any Medium and Large Enterprise Benefit under Scheme can be availed one time (New unit or Expansion) In case of Expansion, Min. 50% of Gross Capital Investment Subsidy is available for 5 year or repayment period whichever is earlier Max. Subsidy Limit is Rs. 125 Lakhs within 5 years

  15. Banthia Consultancy Consultants (Loan &Subsidy) State Government Marketing Development Assistant – Marketing of New Products Marketing of New products by any New or Existing Unit Participation in any International or National Exhibition Participation by Unit, Max. Subsidy of Rs. 5.00 Lakhs once in Operative Period the Scheme Participation by Industrial Association, Max. Subsidy of Rs. 10.00 Lakhs once in Operative Period the Scheme Setting up of Convention Centre / Trade Centre by Association, Max. Subsidy of Rs. 500.00 Lakhsexcld. Land Cost

  16. Banthia Consultancy Consultants (Loan &Subsidy) State Government Critical Infrastructure Project – Development of Industrial Infrastructure Development of Industrial Infrastructure like Approach Road, Over bridge on Road / Railway, Construction of by pass road, Water / Gas / Energy / Electricity Distribution Network and other related facility Eligible to Any Industrial Association / Chamber of Commerce / Federation of Industries / Group of Industrial Unit registered under Societies Subsidy Amount is 60% of Project Cost or 10 Crore if project upto 100 Hectares or 20 Crore if project above100 Hectares whichever is lower. Minimum 20% Promoters’ Contribution

  17. Banthia Consultancy Consultants (Loan &Subsidy) State Government Technology Acquisition – New Technology Acquisition in India Acquiring of a new technology in India 50% of the Investment for technology acquisition / collaboration including royalty payments for first two years for each technology Maximum Subsidy of Rs. 100 Lakhs

  18. Banthia Consultancy Consultants (Loan &Subsidy) State Government Interest Subsidy (6%) – Agriculture Products Manufacturing Any agriculture base product manufacturing unit like Ginning & Pressing, Cold Storage, Food Processing, etc. Maximum Subsidy of Rs. 100 Lakhs Maximum Period – 5 year Eligible Criteria – New / Expansion / Modernization

  19. Banthia Consultancy Consultants (Loan &Subsidy) State Government Electric Duty Exemption – Any New Unit Any new industrial undertaking within Gujarat Any existing unit establish first unit within Gujarat 10% in LT Connection and 15% in HT Connection electric duty charged 40 paise per Unit in case of DG Set installed Max. benefit upto 5 years in normal area and 10 years in SEZ Apply within 90 days of Commercial Production – Total 5 year benefit If apply after 90 days of Commercial Production, Benefit for remaining from 5 year

  20. Banthia Consultancy Consultants (Loan &Subsidy) Gujarat Textile Policy – 2012 Interest Subsidy (7%) – Spinning and Apparel Unit Any new industrial undertaking Any Expansion / Modernization / Diversification Unit should be in cotton spinning only 2nd Hand Machine is allowed spinning within specific criteria Benefit is available upto 5 years Only There is no upper ceiling for Interest Subsidy Unit should be in operation for Minimum 10 years from Commercial Production Partly or Fully benefits is available with Industrial Policy - 2009

  21. Banthia Consultancy Consultants (Loan &Subsidy) Gujarat Textile Policy – 2012 Interest Subsidy (5%)–Other than Spinning, Apparel & Technical Textile Any new industrial undertaking Any Expansion / Modernization / Diversification Benefit is available upto 5 years Only There is no upper ceiling for Interest Subsidy Unit should be in operation for Minimum 10 years from Commercial Production Synthetics Filament Yarn Manufacturing Unit are not allowed Partly or Fully benefits is available with Industrial Policy - 2009

  22. Banthia Consultancy Consultants (Loan &Subsidy) Gujarat Textile Policy – 2012 Interest Subsidy (6%)–Technical Textile and Non-woven Any new industrial undertaking Any Expansion / Modernization / Diversification Benefit is available upto 5 years Only There is no upper ceiling for Interest Subsidy Unit should be in operation for Minimum 10 years from Commercial Production Partly or Fully benefits is available with Industrial Policy - 2009

  23. Banthia Consultancy Consultants (Loan &Subsidy) Gujarat Textile Policy – 2012 Power Tariff Subsidy ( R 1/-) – Spinning and Weaving Unit Any new industrial undertaking Any Expansion / Modernization / Diversification Benefit is available upto 5 years Only Power Tariff Subsidy @ 1/- per unit In case of expansion / modernisation, demarcation must be required of power use. Unit should be in operation for Minimum 10 years from Commercial Production

  24. Banthia Consultancy Consultants (Loan &Subsidy) Gujarat Textile Policy – 2012 VAT Refund – Spinning and Weaving Unit Any new industrial undertaking Any Expansion / Modernization / Diversification Benefit is available upto 5 years Only VAT refund on purchase of Raw Material as per ACT In case of expansion / modernisation, VAT refund will be allowed on new investment Refund will be given upto 8 years to tune of cost of new investment Unit should be in operation for Minimum 10 years from Commercial Production

  25. Banthia Consultancy Consultants (Loan &Subsidy) Government Subsidy & Incentives to Industries Vote of Thanks 301 to 305, 3rd Floor, Devnandan Mega Mall, Opp. Sanyash Ashram, Nr. M.J. Library, Ashram Road, Ahmedabad-380006 Ph: 079-30471488-89 Fax: 079-30471492 Mobile: 93280-11111 Email: bacosunita@gmail.com Web: www.banthiaconsultancy.com

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