As­sis­tance avail­able un­der the new gar­ment pol­icy of Govern­ment of Mad­hya Pradesh

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The max­i­mum as­sis­tance avail­able un­der var­i­ous heads of the gar­ment new pol­icy will be up to 200% of in­vest­ment in plant and ma­chin­ery. A large unit will be the one having in­vest­ment in plant and ma­chin­ery of over Rs. 10 crore. The in­vest­ments made by the unit, three years be­fore or three years after com­mence­ment of com­mer­cial pro­duc­tion, will be con­sid­ered for cal­cu­la­tions of as­sis­tance amount.

In­ter­est Sub­sidy

Re­im­burse­ment of in­ter­est @ 5% per an­num on term loans taken from Fi­nan­cial In­sti­tu­tions/Banks for pur­chase of plant and ma­chin­ery ap­proved by Govern­ment of In­dia for its Amended Tech­nol­ogy Upgra­da­tion Fund Scheme (ATUFS) for a pe­riod of 7 years.

In­vest­ment Pro­mo­tion As­sis­tance

As­sis­tance as per Or­der dated

13th Oc­to­ber 2017 of the State Govern­ment. This is in place of

VAT and CST Re­fund Scheme. The as­sis­tance is based on Gross Sup­ply Mar­ket Mul­ti­ple, Ex­port Mul­ti­ple and Em­ploy­ment Mul­ti­ple.

Train­ing Ex­penses/ Em­ploy­ment Gen­er­a­tion As­sis­tance

• Train­ing ex­penses @ Rs. 13,000/- per an­num for 5 years with re­spect to whether the em­ployee is trained and res­i­dent of the State.

• Em­ploy­ment Gen­er­a­tion @ Rs. 1,500 per month per em­ployee in re­spect of all those new em­ploy­ees who are ap­pointed in the first 8 years from the start of com­mer­cial pro­duc­tion. The pe­riod of as­sis­tance will be 5 years. The as­sis­tance will be lim­ited to 10 years; this im­plies that for a new em­ployee ap­pointed in the 8th year, the as­sis­tance will be avail­able for two years only. If the above ra­tio is not main­tained, the as­sis­tance will be reduced pro­por­tion­ately.

Re­im­burse­ment of stamp duty and reg­is­tra­tion charges

The units, which take land in In­dus­trial Ar­eas es­tab­lished by the State Govern­ment, will be re­im­bursed such charges.

De­vel­op­ment charges

Units tak­ing land in Govern­ment In­dus­trial Ar­eas will be al­lowed 50% re­bate in De­vel­op­ment Charges payable, which will be in ad­di­tion to re­bate in pre­mium as per MP In­dus­trial Land & Build­ing Man­age­ment Rules, 2015.

Ex­emp­tion from Elec­tric­ity Duty

All el­i­gi­ble new units will get ex­emp­tion from pay­ment of Elec­tric­ity Duty for a pe­riod of 7 years.

Re­bate in Elec­tric­ity Tar­iff

The new units will get elec­tric­ity at fixed rate of Rs. 5/- per unit for a pe­riod of 5 years.

For avail­ing above con­ces­sions/ as­sis­tance, the units should start com­mer­cial pro­duc­tion be­tween 1st April 2018 and 31st March 2022.

The units which invest up to 75% of pro­posed in­vest­ment will be al­lowed one year ex­tra for avail­ing th­ese con­ces­sions/as­sis­tances.

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