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.