Scheme Name: Scheme for Investment Subsidy by way of Reimbursement of VAT/SGST

State: Punjab

Description of the Scheme:

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance:

1. Micro, Small and Medium Enterprises
   100% of SGST net paid on intra state sale for first 7 years from the date of commencement of commercial production with a cap of 100% of fixed capital investment.
2. Large Units
   75% of SGST net paid on intra state sale for first 7 years from the date of commencement of commercial production with a cap of 100% of fixed capital investment
3. Anchor Units
   
4. Early Bird Units
   100% of SGST net paid on intra state sale for first 12 years from the date of commencement of commercial production with cap of 125% of fixed capital investment for first 5 new enterprises in MSME and large sector each, in new Industrial estates/Industrial parks.
5. MSME and Large units in Thrust Sectors
   100% of SGST net paid on intra state sale for first 10 years from the date of commercial production with a cap of 125% of fixed capital investment.
6. Border Zone
   First unit which comes into commercial production for each sector of manufacturing and service industry with minimum FCI of Rs.100 crore would be entitled for 40% additional FCI in maximum limit prescribed for net SGST.
7. In case of Phased Investment
   In case of phased investment, eligibility period of seeking reimbursement of SGST against investment made in a particular phase will commence from the date of commencement of commercial production of phase.
8. In case of Expansion/Diversification/Expansion
   Reimbursement of net VAT/CST or net SGST with quantum and period of assistance as per (i), (ii), (iii), (iv), (v), (vi), (vii) mentioned above and up to 100% of FCI made during expansion/diversification/modernisation of the unit.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply:

http://investpunjab.gov.in/Content/documents/Notifications/Detailed_Schemes_and_Operational_Guidelines.pdf

Whom to Contact: General Manager, District Industries Centre