Subsidy on Sportech Textile Unit in Haryana
Are you running Sportech 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 Sportech Textile Units.
Sportech Textile Units: Those units which are manufacturing of textile product which are directly used in manufacture sector or in any allied farming activities.
A. Type of Business Covered:
A brief listing of those items which are covered under Agrotech Textile Units are as:
1. Active wear A (Jackets, Wind-cheaters, Shorts, Outdoor legwear, Track
suits, Jackets, Tearproof designs, Swim suits)
2. , Active wear B (Yoga pants, Leggings, Joggers, Capris, Shorts, Long Tops, T-Shirts (for multiple usage), Crop-tops, Hoodies, Swim suits)
3. Artificial Turfs
4. Basketballs
5. Breathable
Fabric for sports jackets
6. Cordages for climbing ropes
7. Cricket Nets
8. Footballs
9. High Performance Sports and swimwear (Skinsuits,
Football jersey, Surfsuits, Golf T-shirts, Tracksuits, Yoga pants, Swimsuits,
Sweatshirts, Trekking apparels)
10. Hot air Balloon Fabrics
11. Moisture
management Fabrics
12. Others Sports Nets (other than Soccer, Volleyball,
Tennis and cricket)
13. Parachute Fabrics
14. Punching Bags
15. Roller Blinds
16. Rugby Balls
17. Volley Balls
18. Sail Cloths
19. Shoe components
20. Shoetech-waterproof shoes which also are visible in dark
21. Sleeping Bags
22. Snookers/Pool Table Cloths
23. Soccer Nets
24. Sport Composites
25. Sport Rings
26. Yarns for sports shoes
27. Sports footwear components
28. Sportswear (includes gloves, pads, guards)
29. Tennis Nets
30. Tent Fabric
31. Toe Puffs
32. Trekking Boots
33. Velcro for sports use
34. Volley Ball Nets
35. Yarns for sportswear
36. Golf Nets
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.
Leave a Comment