Uttarakhand Micro, Small and Medium Enterprises Policy - 2023
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship,Micro finance,Licenses, trademarks and copyright
Target Beneficiaries
Business Entity
Brief Description
The scheme aims to promote investment and employment in the state by supporting the establishment, expansion, and diversification of micro, small, and medium enterprises through financial incentives and a favourable ecosystem.
Benefit Type
Cash
Eligibility Criteria
1. Micro, small, and medium manufacturing enterprises in Uttarakhand, excluding those in the restricted categories under the policy, will be eligible. 1. The benefits of the policy will be applicable only if there is a minimum of 25% additional capital investment in the existing enterprise along with at least a 25% increase in capacity. 1. Under the Uttarakhand Enterprise Single Window Facilitation and Licensing Act, 2012, enterprises must obtain in-principle approval from the District/State Empowered Committee before commencing commercial production by applying through the CAF (Common Application Form) via the single-window portal. 1. Financial incentives will be provided based on the category of the enterprise (Micro, Small, Medium) and the classification of the district/area (Category A, B, C, D). 1. For new units or substantial expansion of existing enterprises, commercial production must commence during the policy’s period of operation, starting from 01.08.2023.
Application Mode
Online
Application Process
- Units fulfilling the eligibility criteria under the policy can apply for incentives through the Incentive Tab on the portal <nis:link nis:type=webUrl nis:id=slugId nis:text="www.investuttarakhand.uk.gov.in" nis:value=https://investuttarakhand.uk.gov.in/ nis:enabled=true/> after commencing commercial production. - Claims for financial incentives will be approved by the State Level Authorized Committee, headed by the Director General/Commissioner of Industries. - Capital subsidy will be disbursed to micro enterprises in 2 equal annual installments and to small and medium enterprises in 5 equal annual installments. All other financial incentives will be provided in a lump sum.
Required Documents
- Documents are required as per the MSME Policy guidelines to avail the benefits of the scheme.
FAQs
Who is eligible under this policy?
Micro, small, and medium manufacturing enterprises of all categories, except those in the restricted category, are eligible.
Are new and existing enterprises covered under this policy?
Yes. The policy provides benefits for new units as well as for substantial expansion of existing enterprises.
What is the minimum requirement for existing enterprises to avail benefits?
Existing enterprises must have at least 25% additional capital investment and a minimum 25% increase in production capacity.
How should an enterprise apply for financial incentives?
Eligible units can apply through the Incentive Tab on the portal www.investuttarakhand.uk.gov.in after starting commercial production.
What approvals are required before setting up or expanding an enterprise?
Enterprises must obtain in-principle approval under the Uttarakhand Enterprise Single Window Facilitation and Licensing Act, 2012 from the District/State Empowered Committee through CAF on the single window portal.
What types of assistance are provided under the policy?
Assistance includes: - DPR preparation reimbursement - Stamp duty reimbursement - Capital goods subsidy - Interest subsidy - Electricity duty reimbursement - Market fee reimbursement - Quality certification incentive - Cluster development incentive
How are financial incentives disbursed?
- Micro enterprises: Capital subsidy in two equal annual installments - Small and medium enterprises: Capital subsidy in five equal annual installments - Other incentives are paid in lump sum.
How is the benefit of financial incentives determined?
Benefits are determined based on the unit category (Micro, Small, Medium) and the district/area classification (A, B, C, D).
Who approves the claims for financial incentives?
Claims are approved by the State Level Authorized Committee, headed by the Director General/Commissioner of Industries.