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.