Under the Shrama Shakthi Loan scheme, religious minority community entrepreneurs will be trained in artistic and technical skills and will …
Uttarakhand Micro, Small and Medium Enterprises Policy - 2023
The scheme aims to promote investment and employment in the state by supporting the establishment, expansion, and diversification of micro, small, and medium enterprises through financial incentives and a favourable ecosystem.
About This Scheme
Benefits
₹4.0 Cr · annual
Assistance Provided under the MSME Policy:
- DPR Assistance: 75% reimbursement of expenditure incurred on the preparation of Detailed Project Report (DPR).
- Stamp Duty Reimbursement: 50% to 100%, depending on the category of the enterprise.
- Capital Goods Assistance: 20% to 50% of the total fixed capital investment in workshop building, plant, and machinery, up to a maximum reimbursement of ₹4 crore, as per the district and category of enterprise.
- Interest Subsidy Reimbursement: 2% to 4% per annum, within the prescribed maximum limit, as per the district and category of enterprise.
- Electricity Duty Reimbursement: 100% reimbursement for load up to 500 KW.
- Market Fee Reimbursement: 50% reimbursement, subject to a maximum annual limit.
- Quality Certification Incentive Assistance: 75% reimbursement, up to a maximum of ₹1 lakh.
- Incentive for Cluster Development: Financial incentive of 70% of the project cost, up to a maximum of ₹5 crore per project.
Eligibility
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Micro, small, and medium manufacturing enterprises in Uttarakhand, excluding those in the restricted categories under the policy, will be eligible.
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The benefits of the policy will be applicable only if there is a minimum of 25% additional capital investment in the existing enterprise along with at least a 25% increase in capacity.
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Under the Uttarakhand Enterprise Single Window Facilitation and Licensing Act, 2012, enterprises must obtain in-principle approval from the District/State Empowered Committee before commencing commercial production by applying through the CAF (Common Application Form) via the single-window portal.
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Financial incentives will be provided based on the category of the enterprise (Micro, Small, Medium) and the classification of the district/area (Category A, B, C, D).
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For new units or substantial expansion of existing enterprises, commercial production must commence during the policy’s period of operation, starting from 01.08.2023.
Required Documents
- ✦Documents are required as per the MSME Policy guidelines to avail the benefits of the scheme.
✦ Required ◦ Optional
How to Apply
- Units fulfilling the eligibility criteria under the policy can apply for incentives through the Incentive Tab on the portal www.investuttarakhand.uk.gov.in after commencing commercial production.
- Claims for financial incentives will be approved by the State Level Authorized Committee, headed by the Director General/Commissioner of Industries.
- Capital subsidy will be disbursed to micro enterprises in 2 equal annual installments and to small and medium enterprises in 5 equal annual installments. All other financial incentives will be provided in a lump sum.
Quick Info
- Level
- Central Government
- Max benefit
- ₹4.0 Cr
Available In
Categories
Data Sources
- https://www.myscheme.gov.in/schemes/ukmsmep2023 ↗Accessed Yesterday
- https://www.myscheme.gov.in/schemes/ukmsmep2023 ↗Accessed 9 days ago
- https://www.myscheme.gov.in/schemes/ukmsmep2023 ↗Accessed 16 days ago
- https://www.myscheme.gov.in/schemes/ukmsmep2023 ↗Accessed 24 days ago
- https://www.myscheme.gov.in/schemes/ukmsmep2023 ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/ukmsmep2023 ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/ukmsmep2023 ↗Accessed 1 months ago
