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MSME SCHEME

Micro Small Medium Enterprises (MSMEs)

ØNew Central scheme for Industrial Dev. Of J&K (01-04-2021 to 31-03-2037)
ØCredit linked Subsidy

                      1. Plant & Machinery - Manufacturing

                      2. Building and Durable Physical assets - Services Sector

Ø Age ≥ 18 years, no upper age bar, no qualification bar
Ø50  % Subsidy
Ø25-30 % Benificiary Contribution

Micro, Small and Medium enterprises can be financed requiring large amount of finance 

Objectives of New Central scheme for Industrial Dev. Of J&K

•Transforming the industrial ecosystem of entire J&K 
•Enabling Jammu and Kashmir to compete nationally
•Estimated expenditure of 28,400 crores 
•Industrial development to the block  level in UT of J&K. 
•Direct & indirect employment opportunity for about 4.5 lakh people 

Sustainable development 

MSME Incentives

A. Package of incentives by Govt. of India

 1. Capital Investment Incentive/Subsidy

§@ 50 % - Plant & Machinery/ Building and Durable Physical assets
§ maximum ceiling - Rs. 7.5 Crores    

2.  Capital Interest Subvention (CIS)

§ 6% - upto 07 consecutive years
§C.I.  loan up to Rs. 500 crore.
3.Working Capital Interest Subvention 
•@5%  -  Upto 05 consecutive years
•Upper Ceiling- 1 Crore

4. GST Related Subsidy:

100 % - 10 Years

B. Package of incentives by State/UT

 1. D.G. Set Subsidy

•10 KW- 200 KW
•100 %
•40 lacs max- Zone A, 45 lacs – Zone B.

2. Subsidy on Pollution Control Devices (PCDs):

§60 %
§Max. % 50 Lacs

3. Subsidy for Green & Envt. Protection Initiatives:

§50 %

2- 6 lacs max.

4. Quality Control and Testing Equipments:

§    100 %
§    35 lacs max.

5. Subsidy on procurement of Quality Certification

      - ISO, ISI, BIS, AGMARK

       - 30 % Subsidy (on total cost incurred for obtaining the certificate)

  - Max. Limit 2.00 lacs

6. Subsidy on automation

   -  25 % Subsidy on total cost incurred

  - Max. Limit 2.00 lacs