Subsidy on Agrotech Textile Units in Haryana
Are you running Agrotech Based Textile Unit or planning to start than Don’t miss the subsidy benefits available under “Haryana AtamNirbhar Textile Policy 2022-25”.
Before knowing the subsidy benefits, let’s know how many types of business covered under the Agrotech Textile Units.
Agrotech Textile Units: Those units which are manufacturing of textile product which are directly used in Agriculture sector or in any allied farming activities.
A. Type of Business Covered:
A brief listing of those items which are covered under Agrotech Textile Units are as:
1. Anti-Bird Nets
2. Anti Hail Nets
3. Anti-Insect Nets
4. Crop Covers
5. Crop Support Nets
6. Dole Nets
7. Fishnet Twines
8. Fruit Protection Covers
9. Gill Nets
10. Ground cover Fabric
11. Harvesting Nets
12. Jute Soil Savers
13. Mulch Mats
14. Nylon Monofilament Fishing Nets
15. Nylon Multifilament Fishing Nets
16. Pelagic Nets
17. Purse Seine Nets
18. Root Ball Nets
19. Seed production Cages
20. Shade Nets
21. Staking Cords
22. Trawls (Trawl Nets)
23. Turf Protection Nets
24. Vermi Beds
B. Subsidy Available:
1. Capital Subsidy:
Capital investment subsidy @35% up to a maximum of INR 3.5 Crore in ‘B’ category blocks and 40% up to a maximum of INR 5 Crore in ‘C’ &‘D’ category blocks on eligible capital investment.
2. Stamp Duty Refund:
Reimbursement of 80% of stamp duty in ‘B’ category blocks and 100% in ‘C’ & ‘D’ category blocks.
3. Interest Subsidy on Term Loan:
Interest subsidy on term loan for MSMEs @6% or maximum up to INR 20 lakh per year in ‘B’ category blocks, 7% or maximum up to INR 30 lakh per year in ‘C’ category blocks and 7% or maximum up to INR 50 lakh per year in ‘D’ category blocks for 7 years.
4. Refund of State GST Paid:
25% of Net SGST for 8 years in ‘B’ category blocks with cap of 100% of Fixed Capital Investment.
50% of Net SGST for 10 years in ‘C’ &‘D’ category blocks with cap of 125% of Fixed Capital Investment.
5. Employment Generation Subsidy:
@ INR 48,000/- per year for SC/ Women and INR 36,000/- per year for General Category for 7 years in ‘B’, ‘C’& ‘D’ category blocks.
6. Electricity Duty Exemption:
- 100% exemption for 10 years in ‘B’ category blocks
- 100% exemption for 15 years in ‘C’ category blocks
- 100% exemption for 20 years in ‘D’ category blocks
To know the block category for your units and subsidy planning, connect with us.
KIP: Business Subsidy Consultant.
Leave a Comment