Key Policy Objectives
Target to achieve an annual growth rate of 15% in
development of MSME industries
Target to generate employment with annual growth
rate of 15%
Expansion and technical upgradation of the
existing MSME industries
Providing support to the new MSME for setting up
the industries
Create a favorable business environment for the
MSME
Key policy highlights
- Capital Interest Subsidy @5% per annum for 5 years
- Infrastructure Interest Subsidy @5% per annum for 5 years.
- Land Use conversion@ 100 % exemption for converting agricultural land to Industrial land of
agriculture land development authorities - Stamp Duty: Exemption in accordance with the CLAUSE 5.1 of UPIIEPP 2017
- SPV Formation: The Government will provide grant of equal proportion of contribution by the
allotees - EPF Reimbursement@100% reimbursement for 5 years from the date of commencement of the unit
for MSMEs. - Industrial Quality Development subsidy @ 5% per annum for 5 years
- Energy@100% Electricity duty exemption to new units for 10 years
- Electricity Charges Reimbursement @one rupee per unit for 5 years from the date of
production for MSMEs
Download Policy Document (English Language) Size : 244 KB Last Updated On – May 03, 2021 Download Policy Document (Hindi Language) Size : 1.04 MB Last Updated On – May 03, 2021
