Business Incentives for FPO in Agro – based, Food Processing & Allied Industry.
Special Benefits available to Farmer Producer Company in Haryana:
Registered Farmer Producer Organization (FPO)/ Integrated Pack Houses (having grading, sorting, packaging etc. facilities) shall be eligible for below mentioned incentives.
- Investment Subsidy in lieu of Net SGST:
100% of net SGST for 10 Years in ‘D’ Category blocks with cap of 150% of FCI
75% of net SGST for 8 Years in ‘C’ Category blocks with cap of 125% of FCI
50% of net SGST for 7 years in ‘B’ Category blocks with cap of 100% of FCI.
- Employment Generation Subsidy:
For capacity building of persons belonging to Haryana (skilled/semi-skilled/un-skilled) [having Haryana Resident Certificate], Subsidy @ INR 48,000/- per year for SC/ Women
INR 36,000/- per year for general category for 10 years in ‘B’ ‘C’ & ‘D’ category blocks for direct employment on pay roll or contract with valid ESI/PF Number.
- Interest Subsidy:
7% for Micro, Small and Medium Enterprises on term loan or maximum up to Rs. 20.00 lakh per year for 7 years in ‘C’ & ‘D’ Categories Blocks.
7% for Micro, Small and Medium Enterprises on term loan or maximum up to Rs. 20.00 lakh per year for 5 years in ‘B’ Categories Blocks.
- Stamp Duty:
100% refund in ‘C’ and ‘D’ category blocks; 80% in ‘B’ category blocks on the land meant for industrial use, after commencement of commercial production within 5 years from the date of purchase of land.
- EDC Charges:
100% exemption from External Development Charges in ‘D’ category blocks, 75% in ‘C’ category blocks and 60% in ‘B’ category blocks.
- Cane Purchase Tax Exemption:
100% exemption from cane purchase tax paid for purchase of sugarcane by the manufacturing enterprises.
- Electricity Duty Exemption:
100% exemption for 20 years in ‘D’ category blocks, for 15 years in ‘C’ category blocks and for 10 years in ‘B’ category blocks.
- Primary Processing Centre:
Capital subsidy @ 50% of FCI on plant & machinery and technical works, maximum of Rs. 1.75 crore for eligible entrepreneurs engaged in washing, grading, waxing, drying, packaging, cold chain and processing of fruits & vegetables using local produce as raw material for bank finance project in ‘B’, ‘C’ and ‘D’ category blocks. The subsidy will also include 35% grant-in-aid being provided by GoI.
- Excise Duty Exemption:
Wines/ Liquors/ Brandy made from 100% fruits and Barley produced in the State will be exempted from the Excise Duty throughout the State.
For more details, you can share your business idea and plan with us at:
Jitender Kumar (90171-51780)
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, KIP Complex, Red Square Market, Hisar – 125001 (HR)