PACKAGE SCHEME OF INCENTIVE 2019 – SCHEME HIGHLIGHTS
Scheme highlights
- Period of operation– Application under PSI 2019 can be made between April 2019 to March 2024 provided one of the effective steps is undertaken during the validity period
- Coverage – Industries envisaging manufacturing; qualifying as SSI, MSMED, Large Scale Units, IT Manufacturing, Bio Technology units, Cold Storages and specified mechanized and food processing industries
- Geographical Groups – Areas have been earmarked as A, B, C, D, D+, No Industry Disctrict, Naxalism Affected Area, Aspirational District in accordance with the development index of the region and benefits have been determined accordingly. Aspirational Districts consist of Osmanabad, Gadchiroli, Washim and Nandurbar.
- Capital investment Blocks – Criteria based on investment values have been determined viz. SSI, MSME, Large Scale units, Special Large Scale units, Mega Project and Ultra Mega Projects
- Thrust Sectors – Following thrust sectors have been identified which will be given priority in incentives and land allotmenta)Electric Vehicles (Manufacturing, Infrastructure and Servicing)b)Aerospace and Defence Manufacturing
c)Industry 4.0 (Artificial Intelligence, 3D Printing, Internet of Things and Robotics, Nanotechnology, among others)
d)Integrated Data Centre Parks (IDCP)
e)Textile Machinery Manufacturing
f)Bio technology and Medical and Diagnostic Devices
g)Agro & Food Processing (Secondary and Tertiary Food Processing units)
h)Information Technology (IT) & IT Enabled Services (ITeS)
i)Electronic Systems Design & Manufacturing (ESDM) and Semiconductor Fabrication (FAB)
j)Logistics & Warehousing
k)Green Energy/ Bio Fuel Production
l)Sports and Gym Equipment Manufacturing
m)Nuclear Power plant equipment manufacturing
n)Mineral / Forest based Industries/
- Type of incentivesa)Industrial Promotion Subsidy (Capital subsidy) – The Scheme provides with subsidy which is percentage of capital investment in the projects differentiated on the basis of Groupsb)Interest Subsidy – Interest paid on finances obtained for qualified investments is eligible for subsidy at rates specified in the Scheme document
c)Electricity duty exemption – Scheme provides exemption from payment of electricity duty to all eligible units to the extent of eligible period
d)Stamp duty exemption – Waiver of stamp duty on transactions undertaken during the investment period
e)Power Tariff Subsidy – Fixed subsidy is granted per unit consumption basis
f)Other incentives – Investments for MSME expansion units qualifying for promotion of Quality Competitiveness, Research & Development, Technology Upgradation, Water & Energy Conservation, Cleaner Production Measures and Credit Rating will get specified benefits under the Scheme
PACKAGE SCHEME OF INCENTIVE 2019 – KEY CONCEPTS
PACKAGE SCHEME OF INCENTIVE 2019 – BENEFIT MATRIX
