Friday, April 15, 2011

[ZESTCaste] Incentives offered for SC, ST enterpreneurs in state

 

http://www.hyderabadcircle.com/hyderabad-news/incentives-offered-for-sc-st-enterpreneurs-in-state-21638

Incentives offered for SC, ST enterpreneurs in state
Posted by HC-Team on April 14, 2011

Hyderabad: As part of the Industrial policy 2010-15, the State
Government will be extending the following incentives to the SC and ST
entrepreneurs for setting up the Micro, Small and Medium enterprises
in the State.

A subsidy of 35 per cent on fixed capital investment, additional five
per cent subsidy to the SC and ST women entrepreneurs and five per
cent subsidy for ST entrepreneurs in scheduled areas with a maximum
limit per unit of Rs 50 lakh. A rebate of 33- 1/3 per cent on land
cost limited to Rs 10 lakh. Land conversion charges 25 per cent for
the industrial use limited to Rs 10 lakh. Fixed power cost
reimbursement at One rupee per unit (upper ceiling) on the proposed
Budget rates (2010-11) for five years from the date of commencement of
commercial production. Reimbursement of 100 per cent VAT/ CST of State
Goods and Service Tax for a period of five years for micro enterprises
and 50 per cent in case of small enterprises.

Apart from these, there will be a 50 per cent subsidy for quality
certification or patent registration limited to Rs Two lakh for new
units and existing units. Interest subsidy on the Paavala Vaddi Scheme
on the term loan taken on the fixed capital investment of new Micro
and Small enterprises in excess of thee per cent per annum subject to
a maximum reimbursement of nine per cent per annum for a period of
five years from the date of commencement of commercial production.
Seed capital assistance to first generation entrepreneurs to set up
Micro entrepreneurs at 10 per cent of the machinery cost. A subsidy of
25 per cent on specific cleaner production measures limited to Rs five
lakh.

For the scheduled Caste and Scheduled Tribe entrepreneurs setting up
the Micro and Small enterprises, infrastructure facilities like roads,
water and power will be provided at door step of the industry for
stand alone units under IIDF with a ceiling of Rs One crore. (NSS)

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