Subsidy on Buildtech Textile Units in Haryana
Are you running Buildtech 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 Buildtech Textile Units.
Buildtech Textile Units: Those units which are manufacturing of textile product which are directly used in Building sector .
A. Type of Business Covered:
A brief listing of those items which are covered under Buildtech Textile Units are as:
1. Acoustic Fabrics
2. Architectural Membranes
3. Auditorium Fabrics
4. Awnings and Canopies Fabrics
5. Canvas Tarpaulins
6. Coir Blinds/ Awnings
7. Fabric Formwork for Concrete
8. Flex material for hoardings and advertisements
9. HDPE Tarpaulins
10. Jute Tarpaulins
11. LDPE Sheets
12. Lifting Slings
13. Polyester Harnesses Belts
14. PP Tarpaulins
15. PVC Coated Tarpaulins
16. PVC Laminated Flex
17. Scaffolding Safety Nets
18. Shelter Fabrics
19. Tents
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.
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