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Special Incentives for Industrial Units of Himachal Pradesh & Uttarakhand

The central government in 2014 announced special incentive packages for the states- Himachal Pradesh and Uttarakhand known as Central Capital Investment Subsidy Scheme, 2013.

Duration:

The scheme would remain in force up to March, 2017.

 Eligibility of the scheme:

  • The aforementioned scheme is applicable to all existing and new industrial units depending upon their expansion in Growth Centres/Industrial Infrastructure Development Centres (IIDC)/Industrial Estates/Park/Export Promotion Zones and Commercial Estates set up by the state.
  • Industrial units registered before January, 2013 under this scheme and those have filed their subsidy claim within one year of business operation are eligible for special incentives.

Extended applicable subsidy:

  • The aforementioned units are eligible for a subsidy of 15% on investment in Plant and Machinery amounting to a maximum of ₹ 30 lacs.
  • MSMEs of the respective states are also eligible for a subsidy of 15% on investment in Plant and Machinery with a maximum amount of ₹ 50 lacs.

Nodal Agency:

Himachal Pradesh Himachal Pradesh State Industrial Development Finance Corporation (HPSIDC)
Uttarakhand State Industrial Development Finance Corporation of Uttarakhand Limited (SIDCUL)

How to avail:

Any unit should file its claim as per prescribed procedure at concerned District Industry Centres (DICs) within one year of its commercial operation date.

Prescribed forms are given HERE

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