Uttarakhand Mega Industrial and Investment Policy - 2021

DBT (direct benefit transfer): No

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship

Target beneficiaries: Individual, Business Entity

Tags: Entrepreneur, MSME, Super Ultra Mega Projects, Mega Projects, Capital Investment, Policy

• Classification of Projects Based on Fixed Capital Investment:
• Large Projects – ₹50crore to ₹75crore. - Mega Projects – Projects with a capital investment of more than ₹75crore and up to ₹200crore. - Ultra Mega Projects – Projects with a capital investment of more than ₹200crore and up to ₹400crore in plant and machinery. - Super Ultra Mega Projects – Projects with a capital investment of more than ₹400crore 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 ₹25lakh per annum - Mega Projects – 7%, maximum ₹35lakh per annum - Ultra Mega Projects – 7%, maximum ₹50lakh per annum - Super Ultra Mega Projects – 7%, maximum ₹75lakh 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 – ₹50lakh per annum - Mega Projects – ₹75lakh per annum - Ultra Mega Projects – ₹1crore 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 ₹999per ₹1,000. Subsidy on ETP: Capital subsidy of 30%, maximum ₹50lakh 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

Who is eligible to invest under this policy?

Any person or entity wishing to invest in Uttarakhand under the &quot;Mega Industry and Investment Policy&quot; is eligible. <br>

How can investors apply for the policy incentives?

Investors can apply online through the single-window portal at [https://investuttarakhand.uk.gov.in/](https://investuttarakhand.uk.gov.in/). The portal also provides details on registration procedures and required documents. <br>

How are projects classified under this policy?

Projects are classified based on fixed capital investment: - Large Projects: ₹50 crore to ₹75 crore - Mega Projects: More than ₹75 crore and up to ₹200 crore - Ultra Mega Projects: More than ₹200 crore and up to ₹400 crore - Super Ultra Mega Projects: More than ₹400 crore <br>

What interest subsidy is provided under this policy?

Reimbursement assistance on interest for term loans taken from banks is provided 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 <br>

What is the SGST reimbursement for manufacturing enterprises?

Manufacturing enterprises can claim reimbursement of net SGST for 5 years after adjustment of Input Tax Credit (ITC) on B2C sales of self-manufactured goods: - Large Projects: 30% - Mega, Ultra Mega, Super Ultra Mega Projects: 50% <br>

Are electricity duties reimbursed?

Yes, 100% reimbursement of electricity duty is provided. <br>

Is there any reimbursement of stamp duty?

Yes, 50% of stamp duty charges payable during the execution of land purchase and lease deeds are reimbursed. <br>

What payroll assistance is provided to promote employment?

Payroll assistance is offered for 5 years for additional employees beyond minimum employment limits: - Large Projects: 50 employees - Mega Projects: 100 employees - Ultra Mega Projects: 200 employees - Super Ultra Mega Projects: 400 employees The subsidy is ₹500 per month per additional employee, and ₹700 per month for women employees. <br>

How long can investors avail SGST reimbursement?

SGST reimbursement is available for 5 years after adjusting Input Tax Credit on B2C sales. <br>

Where can investors find the list of required documents?

All details, including required documents and registration steps, are available on the single-window portal: [https://investuttarakhand.uk.gov.in/](https://investuttarakhand.uk.gov.in/). <br>

• https://www.myscheme.gov.in/schemes/ukmiip
• https://uk.gov.in/department92/library_file/file-04-12-2023-06-02-23.pdf

• Guidelines (Page No. 151)