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Post Covid19 Accelerated Investment Promotion Policy 2020

Key Policy Objectives

GO BACK

  • Image of Promotes quick investment implementation for job creationPromotes quick investment implementation for job creation
  • Image of Provide cushion against Covid 19 distress in the backward regionsProvide cushion against Covid 19 distress in the backward regions
  • Image of Mitigate the incidence of reverse migration through rapid investmentsMitigate the incidence of reverse migration through rapid investments

Key Policy Highlights

Following incentives to mega and mega plus category of industrial undertakings will have to initiate commercial production within 30 months and super mega categories within 42 months from the notification date of this policy:-

  • 70% reimbursement of net SGST for 12 years in Madhyanchal subject to 200% of eligible capital investment (made during the policy period) and 15 years in Poorvanchal and Bundelkhand subject to 300% of eligible capital investment (made during the policy period).
  • Capital interest subsidy @5% pa. for 5years upto Rs 1 Cr
  • Electricity duty exemption @50% for 10years. Same subsidy will apply for electricity captive power plant for self use.

Download Policy Document (English Language Size : 233 KB Last Updated On – Oct 21, 2021)    Download Policy Document (Hindi Language Size : 683 KB Last Updated On – Oct 21, 2021)

Image of Post Covid19 Accelerated Investment Promotion Policy 2020