Subsidy on Mobiltech Textile Units in Haryana
Are you running Mobiltech 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 Mobiltech Textile Units.
Mobiltech Textile Units: Those units which are manufacturing of textile product which are directly used in Automobiles sector.
A. Type of Business Covered:
A brief listing of those items which are covered under Agrotech Textile Units are as:
1. Airbags
2. Automotive Carpets
3. Automotive Heat Shields
4. Automotive Textiles
5. Brake Diaphragm Fabrics
6. Car body Covers
7. Car Upholstery: Seat Cover Fabrics
8. Cargo Nets
9. Chafer Fabrics for Tyres
10. Cycle Tyre cord Fabrics
11. Dipped Rayon tyre cord Fabrics
12. Grey Rayon tyre cord Fabrics
13. Headliners
14. Helmets (Textile material inside the helmets)
15. Inflatable Floats & Boats for Defence
16. Insulation Felts
17. Literature pockets in Air planes
18. Marine yarns for cruise ships
19. Mooring Ropes for Shipping
20. Nylon Tyre Cord Fabric – Dipped Fabric
21. Nylon Tyre Cord Fabric (HSN – 59021090) – Greige Fabric
22. Polyester Tyre Cord Fabric
23. Railway Fabrics
24. Sails
25. Seat Belt Webbings
26. Spacer Mesh
27. Sunblind/Sun visors
28. Tarpaulins
29. Transport Ropes
30. Truck Covers
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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