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The Mizoram Industrial Policy, 2012

The Mizoram Industrial Policy, 2012 focuses on development of local resource base Industries, upliftment of indigenous people, giving them gainful employment and self employment opportunities in the Industries and allied sectors. The policy aims to engineer rapid sustainable growth of Industry in the State. It stresses on encouraging Industries utilizing locally available raw materials. The Government had adopted the approach for identification of thrust areas and promoting them with fiscal and other incentives packages.

Objectives:

  1. To create infrastructure facilities, provide incentives and marketing as well as technical support to industries.
  2. To create employment opportunities particularly to the vulnerable section of the society and people in rural area, ensuring inclusive development.
  3. To provide skill development and training for educated youth to develop entrepreneurial skills and make them self-employed.
  4. To attract investments in the state and reduce procedural formalities to speed up industrialization.
  5. To reduce sectoral and regional imbalance in the industrial development in the State by promoting Industries under all sectors.
  6. To create proper linkage of processing Industries with the farm produce of agriculture, horticulture, forest and livestock’s.

Eligibility: All MSME Units.

Incentives:

 

S/ No.

Name of subsidy Eligibility Amount Claimable
1 Subsidy on Cost of Project Report

 

All new Industrial Unit within 5 yrs of existence (i) 90 per cent in case of micro enterprises subject to a ceiling of Rs. 5,000/- per unit.

(ii) 75 per cent in case of small enterprises subject to a ceiling of Rs. 25,000/- per unit.

(iii) 50 per cent in case of medium enterprises subject to a ceiling of Rs. 50,000/- per unit.

 

2 Land Subsidy New Industrial unit established inside Notified Industrial Area within 5yrs of existence. (i) 25% of the lease charge/fee of allotted developed/undeveloped land will be subsidized for a period of 5 years unless the claimable amount is not adjusted at the time of payment of such fee or charges.

(ii) 25% of the amount spent by the unit on development of undeveloped land allotted to the unit will be subsidised.

3 Factory Rent Subsidy

 

New MSME occupying the built up factory sheds within the declared Industrial Area on monthly/annual rent basis for a period of 5yrs from the date of commencement of production 50 per cent of the duly assessed rent of factory Shed subject to a ceiling of Rs. 30,000/- per unit per year.
4 Man Power Development Subsidy New and existing Industrial units 50 per cent of the actual course fee for training subject to a ceiling of Rs. 10,000/- per trainee and Rs. 50,000/- per unit per year.
5 Interest Subsidy New Industrial unit i) The interest on loan paid by an industrial unit in excess of 8.5 per cent shall be subsidized up to a maximum of 4 per cent.

ii) Subsidy shall be limited to a claim on a total amount not exceeding Rs. 3,60,000/- paid by an industrial unit towards interest on term loan in a full year. However, for working capital loan, the total amount paid towards interest on which subsidy can be claimed shall be limited to Rs. 1,20,000/- in a full year.

iii) If the unit avail interest subsidy under NEIIPP, only the shortfall amount, if any, will be applicable for interest subsidy on working capital loan.

6 Power Subsidy New MSME for a period of 5yrs from the date of commencement of production i) 60 per cent of total expenditure on power consumption in case of micro enterprises.

ii) 50 per cent of the total expenditure on power consumption in case of small enterprises.

iii) 30 per cent of the total expenditure on power consumption in case of medium enterprises.

8 Subsidy on Power Generating Set New MSME for a period of 5yrs from the date of commencement of production 50 per cent of the cost of Captive generating set and installation charge thereof subject to a ceiling of Rs. 3,00,000/- per unit.
9 State Transport Subsidy on Plant & Machineries New MSME for a period of 5yrs from the date of commencement of production 50 per cent of the actual cost of transportation by railway or on road or both of plants and machineries.

 

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