Incentives to Encourage Consumption of Local Raw Material Scheme, 2008
"Incentives to Encourage Consumption of Local Raw Material Scheme, 2008" promoted the use of local raw materials, supporting local manufacturers and village economies. It offered Sales Tax reimbursement and subsidies on power and water bills to eligible Micro, Small, and Medium Enterprises.
About This Scheme
Benefits
₹2.0 L · annual
- Reimbursement to the extent of a maximum of 90% of Sales Tax paid by such unit, subject to the quantum based on the proportion of local raw material consumed.
- Incentives in the form of a subsidy on power and water bills annually.
- 25% subsidy on the total expenditure incurred by the unit on power and water tariffs, subject to a maximum of ₹2,00,000/- per annum, as per the proportion of local raw material consumed.
Eligibility
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Required Documents
- ✦Affidavit Sworn by the Promoter Stating the Facts in the Specified Format.
- ✦Self-certified Copies of Bills of Purchase of Local Raw Material.
- ✦Statement From the Department of Commercial Taxes.
- ✦Comparative Statement to Support the Claim.
- ✦Photocopies of Monthly Water and Electricity Bills From April to March, Along With a Self-certified Copy of Proof of Payment.
✦ Required ◦ Optional
How to Apply
Step 1: The interested applicant had to obtain the specified proforma from the Directorate of Industries, Trade and Commerce. Alternatively, the prescribed format could also be downloaded from the official website of the Directorate.
Step 2: The applicant was required to take a print of the form, fill in all the mandatory fields, paste a passport-sized photograph, and attach copies of all the mandatory documents (self-attested, if required).
Step 3: The duly filled and signed application form, along with the documents, had to be submitted to the Director, Directorate of Industries, Trade and Commerce. The Director of Industries, Trade and Commerce would scrutinize the application and verify the eligibility of the unit.
Deadline: The applications for the financial year had to be submitted by 30th September. No claim was entertained after this date.
Post-Application ProcessesStep 1: The Directorate of Industries, Trade and Commerce displayed the list of claimants under the Scheme on the notice board on the first working day after 30th September. A copy of this list was forwarded to the Government immediately.
Step 2: Upon receipt of the application, the Director of Industries, Trade and Commerce scrutinized and disposed of the application within three months. A Task Force Committee scrutinized and recommended the benefits. No dues were confirmed by the Directorate of Industries, Trade and Commerce with concerned departments under the deemed provision basis within 60 days before disbursement.
Step 3: Once approved, the eligible unit received the benefits as per the Scheme, including reimbursement of Sales Tax and subsidies on power and water bills.
Quick Info
- Level
- Central Government
- Max benefit
- ₹2.0 L
- Launched
- 15 Jan 2009