Uttarakhand Mega Industrial and Investment Policy - 2021

Description
The “Mega Industrial and Investment Policy - 2021” is implemented by the Micro, Small, and Medium Enterprises MSMEs Department under the Department of Industries, Government of Uttarakhand. The scheme aims to promote large-scale industrial development and investment in the state of Uttarakhand by creating a favourable business environment, encouraging capital investment, and generating employment opportunities.

Benefits
• ***Classification of Projects Based on Fixed Capital Investment:***
• **Large Projects** – ₹50 crore to ₹75 crore. - **Mega Projects** – Projects with a capital investment of more than ₹75 crore and up to ₹200 crore. - **Ultra Mega Projects** – Projects with a capital investment of more than ₹200 crore and up to ₹400 crore in plant and machinery. - **Super Ultra Mega Projects** – Projects with a capital investment of more than ₹400 crore in plant and machinery.
• ***Financial Incentives:*** Rebate/concession on prevailing land rates in SIIDCUL Industrial Areas (for manufacturing industries only):
• **Large Projects** – 15% - **Mega Projects** – 25% - **Ultra Mega Projects** – 30% - **Super Ultra Mega Projects** – 30%
• **Interest Subsidy:** Reimbursement assistance on interest for term loans taken from banks for 5 years:
• **Large Projects** – 7%, maximum ₹25 lakh per annum - **Mega Projects** – 7%, maximum ₹35 lakh per annum - **Ultra Mega Projects** – 7%, maximum ₹50 lakh per annum - **Super Ultra Mega Projects** – 7%, maximum ₹75 lakh per annum
• **SGST Reimbursement (for manufacturing enterprises only):** Reimbursement of net SGST for 5 years after adjustment of Input Tax Credit (ITC) on B2C sale of self-manufactured goods/items:
• **Large Projects** – 30% - **Mega Projects / Ultra Mega Projects / Super Ultra Mega Projects** – 50%
• **Electricity Bill Reimbursement Assistance (for manufacturing enterprises only):** To support production, electricity reimbursement assistance will be provided at ₹1.00 per unit in the electricity bill, from the date of issuance for the next 5 years:
• **Large Projects** – ₹50 lakh per annum - **Mega Projects** – ₹75 lakh per annum - **Ultra Mega Projects** – ₹1 crore per annum - **Super Ultra Mega Projects** – ₹1.50 crore per annum
• **Reimbursement of Electricity Duty:** 100% reimbursement.
• **Reimbursement of Stamp Duty:** 50% reimbursement of stamp duty charges payable during the execution of land purchase deed and lease deed.
• **Reimbursement of Registration Fee:** Registration of Land Purchase Deed/Lease Deed at the rate of ₹999 per ₹1,000.
• **Subsidy on ETP:** Capital subsidy of 30%, maximum ₹50 lakh for setting up an ETP plant.
• **Payroll Assistance to Encourage Large-Scale Employment Generation:** Payroll assistance will be provided based on the minimum limit for regular employment:
• **Large Projects** – 50 employees - **Mega Projects** – 100 employees - **Ultra Mega Projects** – 200 employees - **Super Ultra Mega Projects** – 400 employees
• Payroll assistance will be given as a subsidy for the next 5 years at the rate of ₹500/- per month per employee for additional employees employed beyond the specified limit. For women employees, this rate will be ₹700/- per month per employee.
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Eligibility Criteria
1. Any person who wishes to invest in Uttarakhand under the &amp;quot;Mega Industry and Investment Policy&amp;quot; is eligible.
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Required Documents
• Details of the required documents are available on the [official website](https://investuttarakhand.uk.gov.in/).
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Frequently Asked Questions
Q: Who is eligible to invest under this policy?
A: Any person or entity wishing to invest in Uttarakhand under the &quot;Mega Industry and Investment Policy&quot; is eligible.
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Q: How can investors apply for the policy incentives?
A: Investors can apply online through the single-window portal at [https://investuttarakhand.uk.gov.in/](https://investuttarakhand.uk.gov.in/). The portal also provides details on registration procedures and required documents.
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Q: How are projects classified under this policy?
A: Projects are classified based on fixed capital investment:

- Large Projects: ₹50 crore to ₹75 crore
- Mega Projects: More than ₹75 crore and up to ₹200 crore
- Ultra Mega Projects: More than ₹200 crore and up to ₹400 crore
- Super Ultra Mega Projects: More than ₹400 crore

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Q: What interest subsidy is provided under this policy?
A: Reimbursement assistance on interest for term loans taken from banks is provided for 5 years:

- Large Projects: 7%, maximum ₹25 lakh per annum
- Mega Projects: 7%, maximum ₹35 lakh per annum
- Ultra Mega Projects: 7%, maximum ₹50 lakh per annum
- Super Ultra Mega Projects: 7%, maximum ₹75 lakh per annum

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Q: What is the SGST reimbursement for manufacturing enterprises?
A: Manufacturing enterprises can claim reimbursement of net SGST for 5 years after adjustment of Input Tax Credit (ITC) on B2C sales of self-manufactured goods:

- Large Projects: 30%
- Mega, Ultra Mega, Super Ultra Mega Projects: 50%

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Q: Are electricity duties reimbursed?
A: Yes, 100% reimbursement of electricity duty is provided.
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Q: Is there any reimbursement of stamp duty?
A: Yes, 50% of stamp duty charges payable during the execution of land purchase and lease deeds are reimbursed.
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Q: What payroll assistance is provided to promote employment?
A: Payroll assistance is offered for 5 years for additional employees beyond minimum employment limits:

- Large Projects: 50 employees
- Mega Projects: 100 employees
- Ultra Mega Projects: 200 employees
- Super Ultra Mega Projects: 400 employees

The subsidy is ₹500 per month per additional employee, and ₹700 per month for women employees.
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Q: How long can investors avail SGST reimbursement?
A: SGST reimbursement is available for 5 years after adjusting Input Tax Credit on B2C sales.
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Q: Where can investors find the list of required documents?
A: All details, including required documents and registration steps, are available on the single-window portal: [https://investuttarakhand.uk.gov.in/](https://investuttarakhand.uk.gov.in/).
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