Key Policy Objectives
- Promotes quick investment implementation for job creation
- Provide cushion against Covid 19 distress in the backward regions
- Mitigate 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.