Uttarakhand Mega Industrial and Investment Policy - 2021

***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.

<br>