Subsidy on Protech Textile Unit in Haryana
Are you running Protech 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 Protech Textile Units.
Protech Textile Units: Those units which are manufacturing of textile product which are directly used in manufacture sector or in any allied farming activities.
A. Type of Business Covered in Protech Textile Unit in Haryana :
A brief listing of those items which are covered under Agrotech Textile Units are as:
1. Aerostat Fabrics,
2. Anti-Static Garments
3. Aramid Fabric
4. Bio Gas Balloons
5. Ballistic Fabric,
6. Bitumen & Wax Coated Fabric
7. Bomb Disposal Jackets
8. Bullet Proof Protective Jackets
9. Camouflage Nets
10. Wind Cheaters and Rain Coats
11. Chemical Protective
Clothing
12. Electric Static Discharge Tapes made for safety shoes and work
shoes for electronic assembly industries
13. EMI Shielding textiles
14. Fighter
Aircraft Special Clothing
15. Fire Retardant Apparel
16. Fire Retardant Zippers
17.Flame Resistant Fabric
18. High Altitude
Clothing, High Visibility Clothing
19. Industrial Gloves
20. Infra-red Clothing
(Military use)
21. Life Jackets and Life Belts
22. Man dropping Parachute Fabric
23. Meta Aramid Fibre
24. Nuclear Biological and Chemical Protection Suits
(NBC)
25. Overcoats, Capes and Anoraks
26. Para Aramid Fibres
27. Submariner
Clothing
28. Tarpaulins for use of security forces
29. Thermal Liners for fire and safety
30. Truck Covers
31. Umbrella Cloth Fabrics
32. UV Resistant Clothing
33. Waterproof & Breathable Fabrics
B. Subsidy Available on Protech Textile Unit in Haryana :
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.
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