MSMEs in the manufacturing sector which start commercial production on or after the date of notification of the policy will be eligible to get assistance under this Policy. Such manufacturing MSMEs which have started commercial production on or after 01.07.2020 but before the date of notification of this Policy and invested more than Rs. 10 crores & up to Rs. 50 crores in the plant & machinery, will be eligible to receive assistance under the earlier relevant policies. It is clarified that such units will not be eligible for assistance/facilitation under this Policy.
Industrial development subsidy will be provided as follows for a new industrial unit investing up to Rs.10 crores in plant and machinery :-
1. Industrial development subsidy to the new industrial units @ 40% on the eligible investment made by them in Plant & Machinery and building. This assistance shall be disbursed in 4 equal annual installments.
2. The cost of building shall not be more than 100% of the cost of Plant and machinery for the purpose of calculating the assistance.
3. Additional Industrial Development Subsidy of 2% per year (for four years) for unit set up by women/SC/ST entrepreneur(s) or 2.5% per year (for four years) for unit set up by women entrepreneur(s) of SC/ST category;
4. Additional Industrial Development Subsidy of 2% per year (for four years) to the industrial units for exporting more than 25% and upto 50% of their total sales;
5. Additional Industrial Development Subsidy of 3% per year (for four years) to the industrial units for exportingmore than 50% of their total sales.
