Subsidy on Packtech Textile Unit in Haryana
Are you running Packtech Based Textile Unit in Haryana 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 Packtech Textile Units in Haryana.
Packtech Textile Units In Haryana: Those units which are manufacturing of textile product which are directly used in technical sector or in any allied farming activities.
A. Type of Business Covered in Packtech Textile Unit in Haryana:
A brief listing of those items which are covered under Agrotech Textile Units are as:
1. Advanced Composites
2. Bulk Bags
3. Cordura Fabrics
4. D cut bags
5. Flexible Intermediate Bulk
Containers
6. Gunny Bags
7.Tea-Bags
8.Wrapping Fabric
9. Handle Bags
10. HDPE Woven Mesh for
Vegetable Packing
11. HDPE Woven Sacks and Bags,
12. Hook and Loop Tapes
13. Hydrocarbon Free Food Grade Bags
14. Jute Hessian and
Sacks
15. Jute Shopping Bags
16. Laminated Nonwoven Fabrics
17. Leno Bags
18. Military Backpacks
19. Nonwoven Fabric Bags
20. Polyolefin Woven Sacks
21.Toiletry Bags and Satchels
22.Wallets and Purses
23. PP
Woven Sacks and Bags,
24. Punching Bag Fabric
25. Rucksack Fabric
26. Sacking
Bags
27. Soft Luggage
28. Stitching
Threads
29.W cut bags
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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