Uttarakhand Mega Industrial and Investment Policy - 2021
Category: Business & Entrepreneurship
Level: State | State: Uttarakhand

Details:
The “Mega Industrial and Investment Policy - 2021” is implemented by the Micro, Small, and Medium Enterprises (MSMEs) Department under the Department of Industries, Government of Uttarakhand. 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.

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


Eligibility Criteria:
1. Any person who wishes to invest in Uttarakhand under the &quot;Mega Industry and Investment Policy&quot; is eligible.