Uttarakhand

Uttarakhand Mega Industrial and Investment Policy - 2021

Department of MSME, Government of Uttarakhand

About This Scheme

A comprehensive policy by the Government of Uttarakhand offering extensive financial incentives, subsidies, and reimbursements to promote large-scale industrial development and investment in the state.

The "Mega Industrial and Investment Policy - 2021" is a flagship initiative implemented by the Micro, Small, and Medium Enterprises (MSMEs) Department under the Department of Industries, Government of Uttarakhand. This policy is designed to be a catalyst for economic growth by attracting substantial capital investment and fostering large-scale industrial development across the state. It aims to cultivate a highly favorable business environment, ensuring that both established and new industrial ventures find Uttarakhand an attractive destination for growth and expansion. By strategically encouraging significant capital inflows, the policy seeks to generate substantial employment opportunities, contributing to the state's socio-economic upliftment and positioning Uttarakhand as a key industrial hub in India. The framework of the policy addresses various aspects crucial for industrial prosperity, including land acquisition, operational costs, and environmental compliance, through a structured system of financial support and regulatory ease.

Benefits

The policy provides a comprehensive suite of financial incentives to support large-scale industrial projects.
Key benefits include rebates/concessions on prevailing land rates in SIIDCUL Industrial Areas, ranging from 15% for Large Projects to 30% for Ultra Mega and Super Ultra Mega Projects (for manufacturing industries only).
An interest subsidy is offered as reimbursement assistance on term loans from banks for 5 years, with a maximum of ₹25 lakh per annum for Large Projects and up to ₹75 lakh per annum for Super Ultra Mega Projects.
Manufacturing enterprises also receive SGST reimbursement (30-50%) for 5 years on B2C sales.
To support production, electricity bill reimbursement assistance of ₹1.00 per unit is provided for 5 years, capped annually from ₹50 lakh for Large Projects to ₹1.50 crore for Super Ultra Mega Projects.
Additional reimbursements include 100% of electricity duty, 50% of stamp duty, and registration fees at ₹999 per ₹1,000.
A capital subsidy of 30%, up to ₹50 lakh, is available for setting up an ETP plant.
Furthermore, payroll assistance is granted for 5 years at ₹500 per month per additional employee (₹700 for women employees), for projects generating employment beyond specified thresholds (e.g., 50 for Large Projects, 400 for Super Ultra Mega Projects).

How to Apply

Rolling basis

Quick Info

Amount / Funding

Up to ₹7.5 Cr

State / Region

Uttarakhand

Ministry / Dept

Department of MSME, Government of Uttarakhand