Uttarakhand Mega Industrial and Investment Policy - 2021
State: Uttarakhand
Ministry: null
Department: Industry Department
Category: Business & Entrepreneurship
Beneficiary Type: Individual, Business Entity

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

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Application Process:
[Online]
To avail of the financial incentives provided under the policy, investors can apply online through the portal developed under the single-window system at https://investuttarakhand.uk.gov.in/. 
Details of the entire registration process and the documents required are also available on the official website.

Documents Required:
Details of the required documents are available on the official website.