Industries minister Bikram Singh on Friday said the untiring efforts of Chief Minister Jai Ram Thakur had resulted in the…
Bikram Singh
Industries minister Bikram Singh on Friday said the untiring efforts of Chief Minister Jai Ram Thakur had resulted in the announcement of the Industrial Development Scheme by the Government of India (GoI) to the new and existing industrial units engaged in manufacturing and service sector in Himachal Pradesh.
He said this would be effective from 1 April 2017 and would remain in force till 31 March 2022.
Advertisement
Those units which have already commenced commercial production or operation after 1 April, 2017 could register under this scheme with Department of Industrial Policy and Promotion, GoI up to 30 September 2018. The scheme will also be applicable to bio-technology and hydel power generation units up to 10 MW.
Advertisement
Bikram Singh said the people of the state were grateful to Prime Minister Narendra Modi for considering the request of the state government and industrial fraternity which would go in long way in the promotion and actualisation of ‘Sabka Saath Sabka Vikas’.
He said salient features of the scheme includes central capital investment incentive for access to credit (CCIIAC) at the rate of 30 percent of the investment in plant and machinery with an upper limit of Rs 5 crore.
Besides, all eligible new industrial units and existing units on their substantial expansion located anywhere in the state and are included in Fire Policy ‘C’ as per all India fire tariffs would be eligible for reimbursement of 100 per cent insurance premium on insurance of building and plant and machinery for a period of five years from the date of commencement of commercial production or operation.
Advertisement
