The UP Bio-plastics Industry Policy 2024 promotes the manufacture of environment-friendly bio-plastic materials as a sustainable alternative to conventional plastics, positioning Uttar Pradesh as a pioneer in green industrial manufacturing.
Eligibility Criteria
- Anchor unit investment of ₹1,000 Cr or more
Key Incentives
| Incentive | Details |
|---|---|
| Capital Subsidy | @50% over 7 years |
| Net SGST Refund | 100% refund for 10 years |
| Interest Subsidy | @5% p.a. for 2 years |
| Electricity Duty Exemption | 100% for 10 years |
| Stamp Duty Exemption | @50–100% |
Total of all incentives subject to maximum of 200% of eligible investment.
Nodal Agency: Invest UP
Policy and GO’s
Important Links
