Investment Incentives
1. Any small scale unit set up with its own investment can avail 10% limited to maximum Rs. 10 lakhs of the eligible fixed capital investment under interest subsidy or investment subsidy scheme - 2000.
2. Any small scale unit set up with the loans from financial institution or any existing small scale unit going for modernization program can avail of 5% subsidy on the applicable interest over the loan period, limited to Rs. 5 lakhs per annum totaling to Rs. 25 lakhs. This subsidy is limited to 3% in case of expansion or diversification of the existing small scale unit limited to RS. 3 lakhs per annum totaling to Rs. 15 lakhs.
3. In case of declared backward areas by the Government, the subsidy mentioned u nder (1) and (2) in increased by 25%.
4. Any medium or large scale unit having incurred cost for creation of infrastructure can avail 25% subsidy limited to Rs. 100 lakhs under medium and large scale units subsidy scheme - 2000. The upper limit is extendable to Rs. 250 lakhs for schemes under rural linkage projects.
5. Under New Industrial Policy - Assistance for Research and Development and Patent Registration scheme, assistance will be provided by the State Government on specific proposals on merits for activities related to research and development. Assistance will be provided at the rate of 50% limited to Rs. 5 lakhs for patent/ IPR.
6. Any unit with minimum investment of Rs. 20 crores set up after 31st July 2001 till 31st July 2003 in Kutch district of Gujarat can avail of excise exemption benefit of maximum 5 years from the date of commencement of commercial production.
7. Under Incentive scheme 2001 for Economic Development of Kutch District, any unit set up between 31-7-2001 and 31-10-2004 can avail of sales tax exemption or sales tax deferment or composite scheme for units having capital investment exceeding Rs. 100 crores for a period of 5 years from the date of commencement of commercial production.
8. 92 talukas of 21 districts are declared by the State Government as backward areas which are eligible for enhanced benefits under various schemes mentioned above
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