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:
Concessional Registration Charges for MSMEs:
Zone 1: This scheme provides assistance @INR 1/- per INR 1000/- on Registration Charges.
Zone 2: This scheme provides assistance @INR 1/- per INR 1000/- on Registration Charges.
Zone 3: This zone will not get any assistance.
NOTE: 1. The exemption of stamp duty and concessional registration charges are also applicable to lands purchased under Section 109 of the KLR Act, 1961 for the projects approved by SLSWCC/ DLSWCC. This incentive will also be applicable for the land transferred by KIADB to landowners as compensation for the acquired land.
- The exemption of stamp duty and concessional registration charges are also available for registration of final sale deed in respect of lands, sheds, plots, and industrial tenements after the expiry of the lease period at the rate as specified in the Industrial Policy which was in force at the time of execution of lease-cumsale deed.
- CETP/Industrial Hazardous waste disposal projects set up by private investors to support these industries will be eligible for 100% exemption from stamp duty and concessional registration charges of INR 1/- per INR 1,000/- in all zones.
- 100% reimbursement of stamp duty shall be provided in Lieu of 100% exemption of Stamp Duty till such time an amendment is made in the Karnataka Stamp Act. However, Enterprises can avail stamp duty exemption and concessional registration charges as per Karnataka Industrial Policy 2020-25 till such time an amendment is made to the Karnataka Stamp Act in all Zones.
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.
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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