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 under (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
Incentive Scheme 2001
for Economic Development of Kutch District
The economic activities in the district
of Kutch came to a standstill on account of the devastating
earthquake in the State on 26th January, 2001. New employment
opportunities could be created if new investment takes
place. The Government is committed to attracting industries
in the district to make the industrial and economic
environment live. Government of India have announced
excise duty exemption for new industries to promote
large scale investment in the district, along with which
the State Government has also decided to announce the
scheme of sales tax incentives. Since the scheme is
aimed at making the economic environment of Kutch district
live, it has been decided to confine the same only to
Kutch district.
