Key Policy Objectives
- Develop and promote attractive business ecosystem in the State
- Promote human development and infrastructure development by means of IT Cities, IT Parks, IT-BPM units
- Instill and nourish entrepreneurship and innovation by providing impetus to Start-ups, Incubators, Centers of Excellence
- Lead digital empowerment through creation of citizen centric services, whereby welfare is generated across all sections of the society
Key policy highlights
- Interest subsidy @5% per annum for a period of 7 years
- Stamp Duty@100% exemption on purchase/lease of land/office space/ buildings for IT/ITeS use with condition of commencing operations within 3 years
- Electricity Duty@100% reimbursement for new IT/ITeS units for a period of 10 years post commencement of commercial operations
- Grant on EPF@100% reimbursement of the total EPF amount paid for IT/ITeS Professionals of Uttar Pradesh domicile with employment for continuous 1 year, after start of commercial operation
- Incentive for Certification: Maximum reimbursement of 3 certifications with total limit of INR 25 lakhs per unit.
- Recruitment Assistance: INR20,000 per employee located in Tier-II and Tier-III cities subject to continuous employment of minimum 6 months and annual recruitment of at least 50 students in the field of IT-BPM, recruited from UP based colleges.
- Patent Filing Subsidy @up to 100% of actual filing costs on awarded patents
- Provision for land: Reimbursement up to 25% of the cost of purchase of land from State Agencies subjected to certain conditions
Download Policy Document (English Language) Size : 676 KB Last Updated On – Oct 14, 2021