Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants
in Uttarakhand
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Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants in Uttarakhand
Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants is a government scheme available to eligible residents of Uttarakhand.
Apply for Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants in Uttarakhand
Scheme Overview
The scheme aims to promote the establishment and growth of aromatic industries in Aroma Park, SIIDCUL, Kashipur by providing financial incentives, concessional facilities, and technical support to entrepreneurs, thereby fostering industrial development and economic growth in the region.
Eligibility Criteria
Entrepreneurs/ individuals interested in setting up an aromatic industry in Aroma Park will be eligible under this scheme.
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Benefits
Under this scheme, industries to be set up in Aroma Park are provided with investment promotion assistance, interest subsidy, reimbursement of SGST, exemption from stamp duty, exemption from market fees, and supply of electricity at concessional rates, as detailed in the table below:
**Sr. No.****Criteria****Incentives for units to be set up**1Investment promotion assistance40% (maximum ₹40 lakh) on the fixed capital investment made in plant and machinery and workshop building of the enterprise2Interest Subsidy10% of the interest payable on term loans taken for construction of workshop building and purchase of plant &amp;amp;amp; machinery for a period of 5 years from the date of commencement of production (maximum ₹8 lakh per year per unit)3Reimbursement of SGST100% of the net SGST liability on sales made to customers within the state (B2C) for a period of 5 years from the date of commencement of production4Exemption from Stamp DutyFull exemption from stamp duty charges payable on registration of sale deed/lease deed for land for establishment of the enterprise5Exemption from Market Fee100% exemption from market fee on raw materials for a period of 5 years from the date of commencement of production6Supply of Electricity at Concessional RatesFor a period of 5 years from the date of commencement of production, electricity will be supplied at concessional rates applicable for irrigation/tubewell (currently ₹1.55 per unit) along with uninterrupted supply<br>
Required Documents
| # | Document |
|---|---|
| 1 | Documents are required as per SIIDCUL guidelines to avail the benefits of the scheme. |
| 2 | <br> |
Common questions in Uttarakhand
Who can apply for Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants in Uttarakhand?
Eligible residents of Uttarakhand who meet the scheme’s overall criteria can apply for Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants. Refer to the eligibility section above for the complete checklist.
What documents are required for Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants in Uttarakhand?
Applicants in Uttarakhand typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Entrepreneurs or individuals interested in setting up an aromatic industry in Aroma Park, SIIDCUL, Kashipur, are eligible to avail of the scheme benefits. <br>