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.

1. Any person who wishes to invest in Uttarakhand under the "Mega Industry and Investment Policy" is eligible.

Online

1. To avail of the financial incentives provided under the policy, investors can apply online through the portal developed under the single-window system at https://investuttarakhand.uk.gov.in/. 1. Details of the entire registration process and the documents required are also available on the official website.

The “Mega Industrial and Investment Policy - 2021” is implemented by the Micro, Small, and Medium Enterprises (MSMEs) Department under the Department of Industries, Government of Uttarakhand. The scheme aims to promote large-scale industrial development and investment in the state of Uttarakhand by creating a favourable business environment, encouraging capital investment, and generating employment opportunities.