Download - State Incentives
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8/20/2019 State Incentives
1/1
Incentives
available
under
J&K
State
Industrial
Policy
.
15olo
Capitat
Investment subsidy on Plant
and
N4achinery is available
to
nevr
ssI,
l4edium
and Large units up to the
{imit of
Rs.30.00
lakhs.
for
the
Units
not
falling in Notified Locations/Backward
Blocks
.
Units
falling
in
prestigious
ctegory
having Capital
investment more than
Rs,
25.00 crores
are
eligible for
15olo
Capital
Investment
subsidy
on
plant
and ma€hinery up
to Rs. 60'00 lakhs.
.
Uniis falting
in thrust
areas, the upper
limit of Capital Investment
Subsidy
@15olo
is
avaibble
on
plant
and machinery upto
Rs.45.00 lakhs.
.
Units
fatling
jn preSrigious
and thrust area
category
the Gpital
lnvestrnent
SLrbsidy
@
150/0 on
Plant and machinery
shall
be
up
to Rs.
75.00lakhs.
.
7 o/d
subsidy on construction
of
a captive tube
welLor building a captive
water
liftinq
plant
by Ptestigious
units in any
ofthe
Thrlst
areas
up
to Rs.
22.50 lacs.
.
100%
subsidy
on Projed
Repofts tlp
to
P"s.
2.00
lakhs
.
1oo./o
subsidi
on
puahase/installation of
D.G.
sets
from 10 Kw to
1000 K v- maximum
l:mit Rs. 2s.o0
lakhs.
.
3% interest:ubsidy
on
working capitat
loan to exlsting and
new industrial units
for
a
period
of 5
years
from
the date of
production
to
the
units
not falling
within Notified locations/
Th
rust areas.
.
100%
capital subsidy
of
Testing Equipment's-
maximunr limii
Rs. 25.00 lakhs.
.
Assistance
in the
shape
of subsidy
on
the
expenses
lncurred on Brand
Promotion
a.
500/0
uo to Fls.
20.00 lakhs first
vear'
b.
300/0 up to Rs.
15.00
lakhs for
second
year'
c.
10o/o up
to
Rs.
10.00
lakhs for third
year'
.
500/0 Air
Freight
Subsidy
-l4aximum
limit
Rs. 5'00
lakhs
per yeaf per
unit.
.
30%
subsidy
on Pollution
Control Equipment-
maximum
limil Rs. 20.00
lakhs
.
5olo
intercst subsidy for
Technocrats
(which
are Engineering
Gnduate/l1BAs/Postgraduates)
on
Term loan i.e Land/Building
and
Plant
and
l4achinery.
.
upto 15%
price
preference
is
available on the
larided
cos of
ihe
product
to the
local
ssl
units
in all Government
purchases
Monev
Securiw Deposit.
D
SSI
unit.t'all
be
required to
pay
only
500/0
ofthe
amount
of earnest
money
or Rs-5000/-
whichever is
lower'
iD
Tender documents
shatl
als;
be
supptied
to
the
SSI
unic
@
50%
ofthe
price
of
documents or Rs.100/_
whichever
be
lower.
iii)
SICOP
shall
be
treated
at
par
with the
SSI units
for the
purpose
ofthe
aforementioned
provisions
Duw
in fauour of
the financing
institutions required
to be signed by
the
promoter
shall be
exempted
from
payment
of
dutv,
of
Court
fee
Exemption
from
Court fee
for registration of
documents
relatiag to
lease
of land will be
granted
to
registered industrial
units
and
Development
(R&D)
i)
50o/d
subsidy
on
Expenditure incurred
on Research
and
Development
(R&D)
with maximum
limit of Rs. 5'00
lakhs for
such
Projed.
25olo sLrbsidy
on Non-
recurring
items with a Maximum
limit of
Rs. 5.00 lakhs.
Human Resourc€
Develooment.
D
50./"
"f
th"
.".t
"f
tt"^"S
"n
human
R€source
Dev€lopmeni
(R&D)
subject
to Rs.
5000/-
per
trainee
and trs. 1.00
lakh
'
pei
annum
for any unit
for;
pe
od
of
five years,
ln
case
of
women trainees
the
corresponding figures shall be 75olo, Rs.
7500
and Rs.1.50
lakhs respedivelY,
ii)
For
progGmmes of ski development
leading
to
employment
of tlaine€s,
50o/o
of the
cost of training
shall be borne
by the
-
Government
on
approved
programmes
sublect to
maximum of
Rs.
5 lakhs
per
unit,
In
case
of
women trainees,
the
mrrespondinq
figures would
be
75olo
and
7.5lakhs.
.
VAT Remission up
to
l4arch
2014.
.
AdditionalToll
tax ExemotLon
On import of
raw materials,
procurement
of
plant
and machjnery
and bulldinq mateials
to be
jmported
from outside
State to
existing
or
new
tocat
smalt
iedium
and
Large
Scale
industrial
r.rnits
(including
prestigious
units
)
and on
Expolt of finished
goods
to outside State
for a
peiod
of five
years
frorn
the date of
provlsional
registration.
.
Exemption
of Entry
Tax on
impot
of
plant
and machinery.