MSME Incentives under The Karnataka Industrial Policy 2025-2030
Dear-Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you an informative series i.e., “MSME Incentives” under The Karnataka Industrial Policy 2025-2030.
Objective:
The Karnataka Industrial Policy 2025-2030 aims to attract ₹7.5 lakh crore in investments and generate 20 lakh new jobs by 2030, focusing on innovation, sustainability, and inclusive growth across the state. The Geographical location of the state is categorised into TALUKS- ZONE 1, ZONE 2, and ZONE 3 as per their development position. In order to efficient growth of all the area, the taluks are grouped based on backwardness in industrial development.
Quantum of Assistance:
Exemption of Stamp Duty for MSMEs:
Zone 1: This scheme provide assistance @100% Exemption of Stamp Duty.
Zone 2: This scheme provide assistance @100% Exemption of Stamp Duty.
Zone 3: This zone will not get any assistance.
NOTE: The government has exempted stamp duty on certain documents, including loan agreements, credit deeds, mortgage and hypothecation deeds, executed with specified financial institutions such as State Financial Corporations, commercial banks and regional rural banks. Additionally, stamp duty is also exempted on lease deeds, lease-cum-sale, sub-lease, transfer of leasehold rights and absolute sale deeds executed by industrial enterprises in respect of industrial plots, sheds and other properties developed by designated authorities like Karnataka Industrial Areas Development Board and Karnataka State Small Scale Industries Development Corporation. This exemption aims to promote industrial development and facilitate access to credit for businesses.
Eligible Entities:
Under this scheme incentives can avail by an entity/organisation such as Proprietary, Partnership, Pvt. Ltd. Company, Public Ltd., LLP (Limited Liability Partnership) and Co-operative society etc.
Eligibility/key points of scheme :
Commencement and Applicability:
This policy will be valid for a period of 05 years from the date of notification of this policy or the date of any new policy/amendment, introduced by the Government of Karnataka, whichever is earlier (2025-2030).
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