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Published bySuzanna French Modified over 9 years ago
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Government Promotion Schemes
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Central Government Incubation centres – 100 with a budget of Rs. 66. 5 lakhs per BI Host Institutions i) Indian Institutes of Technology (IITs) ii) National Institutes of Technology ( NITs) iii) Engineering Colleges iv) Technology Development Centres, Tool Rooms, etc v) Other recognised R&D&/or Technical Institutes/Centres, Development
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Contd Target 4:1 Micro & small The indicative areas of operation for innovative projects could be in the following fields: i) Bio-technology ii) Pharmaceuticals iii) Information Technology iv) Nano-technology v) Polymer Products
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Contd Other Possible Areas-1. vi) Fruit Processing vii) Ceramics Industry viii) Glass Industry ix) Herbal Medicines x) General Stores xi) Auto Components xii) Electrical appliances
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Contd Other Possible Areas-2. xiii) Ready-made Garments xiv) Sports Goods xv) Wet Grinders xvi) Metal Utensils xvii) Surgical Instruments xviii) Agriculture Implements xix) Cane and Bamboo Products xx) Leather Goods xxi) Engineering Industries
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State Government Incentives – Micro & small industries 100 % stamp duty reimbursement on land 25% rebate with a limit of 10 lakhs in industrial estates/parks Fixed power cost reimbursement @ 0.75 per unit for 5 years 15% subsidy on fixed capital with limit of 20 lakhs 100% VAT reimbursement for 5 five years to micro units
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Contd 50% reimbursement of VAT for small enterprises Pavala vaddi scheme new micro and small Seed capital finance 10% of machinery cost 50% reimbursement of cost in skill up gradation and training limit of Rs. 2000 per person 50% subsidy on expenses of quality certification with limit of Rs. 2 lakhs
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Medium & Large 100% reimbursement of stamp duty on land 25% rebate on land cost with limit up to 10 lakhs Fixed power reimbursement @0.75 per unit Reimbursement of 25% VAT 50% reimbursement of cost in skill up gradation with limit of Rs. 2000 per person
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Contd 50 % subsidy on expenses for quality certification limit of Rs. 2 lakhs only for medium enterprises Infrastructure 50% cost with limit of Rs. Crore
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SC/ST 100 % stamp duty reimbursement on land 331/3% rebate on land cost with limit of Rs. 10 lakhs Fixed power reimbursement @Re 1 per unit Seed capital assistance @ 10% of machinery cost 35% investment subsidy and additional subsidy of 5% in tribal areas
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Contd 100% VAT for micro 50% VAT for small Pavala vaddi 50% reimbursement of cost in skill up gradation with limit of Rs. 2000 per person 50 % subsidy on expenses for quality certification limit of Rs. 2 lakhs for micro and small
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Contd Infrastructure 50% of cost subject to a limit of Rs 1 crore
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Women Entrepreneur 5% additional subsidy All other benefits of small & micro
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