Uttarakhand Mega Industrial and Investment Policy - 2021
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship
Target Beneficiaries
Individual,Business Entity
Brief Description
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.
Benefit Type
Cash
Eligibility Criteria
1. Any person who wishes to invest in Uttarakhand under the "Mega Industry and Investment Policy" is eligible.
Application Mode
Online
Application Process
1. To avail of the financial incentives provided under the policy, investors can apply online through the portal developed under the single-window system at <nis:link nis:type=webUrl nis:id=slugId nis:text="https://investuttarakhand.uk.gov.in/" nis:value=https://investuttarakhand.uk.gov.in/ nis:enabled=true/>. 1. Details of the entire registration process and the documents required are also available on the <nis:link nis:type=webUrl nis:id=slugId nis:text="official website" nis:value=https://investuttarakhand.uk.gov.in/ nis:enabled=true/>.
Required Documents
- Details of the required documents are available on the official website .
FAQs
Who is eligible to invest under this policy?
Any person or entity wishing to invest in Uttarakhand under the "Mega Industry and Investment Policy" is eligible.
How can investors apply for the policy incentives?
Investors can apply online through the single-window portal at https://investuttarakhand.uk.gov.in/ . The portal also provides details on registration procedures and required documents.
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
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
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%
Are electricity duties reimbursed?
Yes, 100% reimbursement of electricity duty is provided.
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.
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.
How long can investors avail SGST reimbursement?
SGST reimbursement is available for 5 years after adjusting Input Tax Credit on B2C sales.
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/ .