An investment subsidy on the total
investment shall be provided on a graded level to the
industry. It will be available to both new units as well
as those carrying out expansion, diversification or modernisation
activities.
Artisan and Tiny Scale units
Small scall Units
Medium/Large Scale
15 percent of total capital investment in
plant and machinery,
10 percent of total capital investment in
plant and machinery,subject to maximum of
Rs.5 lakhs (Rupees five lakhs).
5 percent of total capital investment in
plant and subject to a a maximum of Rs.10 lakhs
(Rupees ten lakhs).
For units set up in the thrust
areas, a larger subsidy will be provide as follows:
Artisan and Tiny Scale Units
Small Scale Units
Medium/Large Scale Units
20 percent of total capital investment
in plant and-machinery.
15 percent of total capital investment
in plant and machin- ery,subject to a B maximum
of Rs.7 lakhs (Rupees seven lakhs).
10 percent of total capital invest-
ment in plant and machinery,subject
to a maximum of Rs.15 lakhs)
In order to encourage
and assist industrial units to be self sufficient in
their requirements of power the State Government shall
subsidise upt 25 percent of the cost for purchase of
captive power generatings sets, subject to a maximum
of Rs.one lakhs (Rupees one lakh).
Industries set up in the thrust area shall get a 30
percent subsidy, subject a maximum of Rs.1.25 lakhs
(Rupees one lakh and twenty five thousand).
Subsidy
On Power Consumption
An Industrial unit consuming power
upto Rs.50,000/- (Rupees fifty thousand) per annum shall
be eligible for 100 percent reimbursement. For units
consuming power above Rs.50,000/- (Rupees fifty thousand)
per annum, the reimbursement will be to the extent of
Rs 50,000/- (Rupees fifty thousand) plus 25 percent
of the balance actual payment subject to a maximum of
Rs,2 lakhs (Rupees two lakhs) per annum, in total.
The State Government shall grant
a subsidy of 30 percent in power tariff to industrial
units coming up at approved locations or in thrust areas.
An industrial units shall receive
a one-time subsidy on consultancy charge paid to an
approved consultant as per the scale noted below:
For project upto Rs. 10 lakhs
3 percent subject to (Rupees ten lakhs) maximum
of Rs. 20,000/- (Rupees twenty thousand)
For project above Rs. 10. lakhs 3
percent subject to a (Rupees ten lakhs) maximum of Rs.
1,00,000/- (Rupees one lakh)
Price Preference
A price preference shall be admissible
to industrial undertakings established in Sikkim, on
the purchases made by various State Government Department
and organisations, over the rates quoted for similar
products brought in from outside the State. The preference
will however, be admissible provided the goods as of
equivalent quality to those brought in from outside
the state. The preference will be 15 percent in case
of small scale and tiny undertakings and 10 percent
for all other units.
Subsidy on Registration Fee Of Promotion Council, Indian
Standard Institution, Commodity Board, Chamber of Commerce.
The amount spent by an industrial
unit in obtaining a registration with Promotion Council,
Indian Standards Institution, Commodity Board, Chamber
of Commerce, etc. shall be reimbursed to the unit, subject
to a maximum of Rs. 10,000/ (Rupees ten thousand) or
the actual registration fee, whichever is less.
