Hyderabad: As part of the Industrial policy 2010-15, the State Government will be extending the following incentives to the SC and ST entrepreneurs for setting up the Micro, Small and Medium enterprises in the State.
A subsidy of 35 per cent on fixed capital investment, additional five per cent subsidy to the SC and ST women entrepreneurs and five per cent subsidy for ST entrepreneurs in scheduled areas with a maximum limit per unit of Rs 50 lakh. A rebate of 33- 1/3 per cent on land cost limited to Rs 10 lakh. Land conversion charges 25 per cent for the industrial use limited to Rs 10 lakh. Fixed power cost reimbursement at One rupee per unit (upper ceiling) on the proposed Budget rates (2010-11) for five years from the date of commencement of commercial production. Reimbursement of 100 per cent VAT/ CST of State Goods and Service Tax for a period of five years for micro enterprises and 50 per cent in case of small enterprises.
Apart from these, there will be a 50 per cent subsidy for quality certification or patent registration limited to Rs Two lakh for new units and existing units. Interest subsidy on the Paavala Vaddi Scheme on the term loan taken on the fixed capital investment of new Micro and Small enterprises in excess of thee per cent per annum subject to a maximum reimbursement of nine per cent per annum for a period of five years from the date of commencement of commercial production. Seed capital assistance to first generation entrepreneurs to set up Micro entrepreneurs at 10 per cent of the machinery cost. A subsidy of 25 per cent on specific cleaner production measures limited to Rs five lakh.
For the scheduled Caste and Scheduled Tribe entrepreneurs setting up the Micro and Small enterprises, infrastructure facilities like roads, water and power will be provided at door step of the industry for stand alone units under IIDF with a ceiling of Rs One crore. (NSS)