Subsidy on Indutech Textile Units in Haryana
Are you running Indutech 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 Indutech Textile Units.
Indutech Textile Units: Those units which are manufacturing of textile product which are directly used in Industrial sector.
A. Type of Business Covered:
A brief listing of those items which are covered under Indutech Textile Units are as:
1. Abrasive Cloth
2. Acoustic Insulation Fabric
3. Advanced Composites for Oil and Gas
4. AGM Glass Battery Separators
5. Bolting Cloth
6. Computer Printer Ribbons
7. Conveyor Belting Fabrics
8. Decatising Cloth
9. Drive Belts
10. Highperformance Ropes and Cordages
11. HVAC Filter Cloth
12. Industrial Filter Fabrics
13. Industrial Hoses
14. Industrial Tapes
15. Industrial Webbings and Slings
Industrial Wipes
16. Laminated
17. Nonwoven Filters
18. Liquid Filter Fabrics
19. Meta Aramid Fibres
20. Nonwoven Jute Felts
21. Nylon Ropes
22. OPAN Fibre (Pyromex)
23. Paper Making Fabrics
24. Peel Ply Fabrics
25. Polyamide Nylon Monofilament Yarns
26. Polyester Industrial Yarns
27. Printed Circuit Boards
28. Ropes and Cordages
29. Speaker Fabrics
30. Tape Fabrics (Nylon Curing, Electric Cable, Nuclear Plant Pipes)
31. Twines
32. Typewriter Ribbon Cloth
33. Water and Oil Filters
34. Water Repellent Canvas
35. Waterproof Covers
36. Wicks and Gas Mantle Fabrics
37. Woven Fabrics of Glass
38. Woven Filter
39. Woven Narrow Goat Hair Puttis Tape
40. Woven Narrow Jute Webbing
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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