| » |
Investment
Subsidy: The capital
subsidy of 10% to 15% upto a maximum of Rs. 5 lakhs
offered by the Industrial Policy 1994, is proposed to be
continued for new units set up in the thrust /priority
sectors of the state. In addition, units belonging to the
Scheduled Castes and Scheduled Tribes shall also be
eligible for the same.
|
| » |
Special
State Subsidy: Units involved in Agro and urban waste
processing shall receive a subsidy for 25% of the cost or
Rs. 25 lakhs, whichever is lower.
|
| » |
Concessions
for Diagnostic Centre / Nursing Homes: Diagnostic Centres
and Nursing Homes coming up in ‘No Industry’ Districts
as well as 'B' & 'C' category districts, and with
investment in plant & machinery in excess of Rs. 10
Lakhs, are proposed for the same investment subsidy
concessions as industrial units.
|
| » |
Interest
Subsidy: Interest
subsidy will be offered at an enhanced rate of 5% per
annum to all industrial units, small, medium & large,
coming up in the state. The exact terms for the subsidy
shall be as follows:
|
|
| District
Category
|
Maximum
Subsidy
(Rs. Lakhs) |
Duration
(Years) |
| A |
10 |
5 |
| B |
20 |
6 |
| C |
30 |
7 |
| No
Industry Blocks |
40 |
7 |
|
| » |
Special
package for Mega-Investments: Project
with investment in excess of Rs. 50 crores shall be
provided the following
concessions in land, based upon the availability of land.
|
|
| Project
Cost Rs. Crore |
Max.
Limit for Free of Cost Land in acres |
Category
|
| 50-100 |
10
|
A |
| 100-200 |
15
|
A |
| 200-500 |
20
|
A |
| 500
& above |
Need
based package on case to case basis |
|
|
| » |
This
concession shall be available to new units in Growth
Centres (AKVN), Industrial Estates (DIC) as well as other
Industrial Areas declared by the Industries Commissioner.
The above investment limits can be relaxed upto 25% in the
case of Non Resident Indians (NRI) or 100% Export Oriented
Unit (EOU).
|
| » |
Assistance
for setting up Industrial Parks: Motivational assistance
will be provided for the development of Industrial Parks
in the private sector. Subsidy is proposed at the rate of
30% of Capital invested upto a maximum of Rs. 1 Cr. The
ceiling shall be raised to Rs. 1.5 Cr. in the case of
Hitech Parks.
|
|
| Industrial
Park Type |
Subsidy
Rs. Crore |
| Industrial
Park
|
30%
of Project Cost to a maximum of Rs. 1 crore |
| Hitech
Park
|
30%
of Project Cost to a maximum of Rs. 1.5 crores |
|
| » |
Udyog
Vikas Nidhi (Industrial Development Fund). A Rs. 100 crore
fund dedicated to the development of industrial
infrastructure, namely model industry clusters, logistics
and utilities shall be instituted.
|
| » |
Concessions
for Tourism Projects: Tourism has been allocated industry
status. Investments exceeding Rs. 50 lakhs in Hotels,
Motels, Heritage cottage, Health Farm, Amusement Park,
Ropeway, Convention Centre, Imported vehicles for tourism,
Adventure tourism, like parasailing, hang gliding, river
rafting, mountaineering, Multiplex, Golf Course, and
Restaurants recognised by MPSTDC shall be eligible for
concessions at par with industrial units and district
category.
|
| » |
Stamp
Duty Concessions: The Stamp Duty has been reduced from 4%
to 1% in the State.
|
| » |
Project
Report Preparation:
Project report cost reimbursement scheme allows
reimbursement of 1% to 0.5% of the expenses (as per
category of SSI/LMI). The GM, DTIC shall have the powers
to give clearance for upto Rs. 3 Lakhs worth of
reimbursement, applications for above Rs. 3.00 lakhs
reimbursement shall be eligible for clearance from the
State Govt. only.
|
|
| Project
Size
|
Reimbursement
Eligibility
|
| Upto
Rs. 1 crore |
1% |
| Rs.
1 crore > |
0.5% |
|
| » |
Assistance
for Quality Certification:
Assistance will be provided to industrial units
obtaining quality certification from approved
institutions/ research laboratories, at the rate of 50% of
the expenditure upto a maximum of Rs. 0.75 lakhs.
|
| » |
Patent
Registration: Assistance shall be provided at the rate of
50% of expenses in this regard upto a maximum of Rs. 2
lakhs.
|
| » |
Influence
the Development of Backward Areas: Specific industrial
development programmes will be planned for districts in
the backward areas. Industrial units coming up in
identified backward blocks will receive benefits as laid
out under the interest subsidy schemes, units set up in
the A, B, C and ‘No Industry’ blocks shall receive an
interest subsidy of 5% annually upto a ceiling of Rs. 10
Lakhs, Rs. 20 Lakhs, Rs. 30 Lakhs, Rs. 40 Lakhs and for a
period of 5, 6, 7, 7 years respectively.
|
| » |
Promote
Exports: The
government shall encourage exports by setting up
appropriate facilities and providing incentives. In this
context, the government proposes to set up an SEZ at
Indore along with a Dry Port with the necessary logistics
infrastructure. An Air Cargo Complex is also proposed at
Indore. The EPIP Pithampur will be provided with
appropriate infrastructure. The State also plans to
promote three Agri Export Zones (AEZ) in the State to
promote the development of Agri-Food exports. In addition,
mega projects (Rs. 50 crores and above) will attract
additional concessions in terms of a 25% relation in the
investment limit for eligibility for free of cost land.
|
| » |
Attract
NRI Investment: Special efforts would be made to attract
NRI investment. Quick and easy clearances will be provided
to all NRI proposals. Information regarding available
projects and facilities shall be put on the internet for
easy access by interested entrepreneurs. Mega Projects (Rs.
50 crores & above) being set up by Non-Resident
Indians (NRIs) shall attract a 25% relaxation in the
investment limit for eligibility for free of cost land,
over and above that available to other industrial units.
|
| » |
Facilities
for Schedule Caste / Tribes, Backward, Minority Sections.
Keeping in view the economic potential inherent in the
vast population of the disadvantaged sections, the state
will develop entrepreneurship of this section of
population. Due representation will be provided to this
section, in various Entrepreneurship Development
Programmes. An investment subsidy of 15% of Capital
investment is proposed to be provided to industrial units
being established by entrepreneurs from these
categories. |
