Industrial Investment and Employment Promotion Policy 2017

Key Policy Objectives

GO BACK

  • Attract investment in UP for job creation
  • Mobilise the key strengths of the State for maximising manufacturing output
  • Promote innovations, entrepreneurship and Make in India
  • Ensure balanced regional and sustainable development through rapid industrialisation

Key Policy Highlights

  • Stamp Duty : 100% in Bundelkhand & Poorvanchal, 75% in Madhyanchal & Paschimanchal (except GBNagar & Ghaziabad districts) and 50% in GBNagar & Ghaziabad districts.
  • EPF Reimbursement : Facility to the extent of 50% of employer’s contribution to the units providing direct employment to 100 or more unskilled workers
  • SGST Reimbursement : Net SGST reimbursement @90% for Small Industries for 5 years, @60% for Medium Industries for 5 years, @60% for Large Industries other than Mega Industries for 5 years, and @70% for Mega category Industries for 10 years.
  • Capital Interest Subsidy : 5% per annum for 5 years
  • Infrastructure Interest Subsidy : 5% per annum for 5 years
  • Industrial Quality Development : 5% per annum for 5 years
  • Electricity Duty : 100% exemption to all new industrial units set up in the state for 10 years. Also, 100% exemption to all new industrial units producing electricity from captive power plants for self-use for 10 years
  • Mandi Fee : 100% exemption to all new food processing units on purchase of raw material for 5 years.
  • Incentivising employment generation : Units generating minimum employment of 200 direct workers including skilled and unskilled will be provided 10% additional EPF reimbursement facility on employer’s contribution.

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