1. Introduction
  2. Objective
  3. Strategy
  4. Infrastructure
  5. Industrial Area
  6. Land
  7. Road Network
  8. Railways
  9. Air Transport
  10. Sea Access
  11. Water
  12. Tourism
  13. Telecommunication
  14. Information Technology
  15. Power
  16. Special Economic Zone
  17. Human Resource Development
  18. State Infrastructure Development
    & Management System
  19. Export
  20. Foreign Investment
  21. Industrial Finance
  22. Unit Undertaking Expansion/
    Diversification/ Modernisation
  23. Industrial Sickness
  24. Promotion of
    Rural Industrialisation
  25. Employment Programmes
  26. Entrepreneurship Development
  27. Identification of Thrust Area
  28. Commercial Tax Reforms
  29. Fiscal Incentives
  30. Environment Protection
    and Pollution Control Clearance
  31. Simplification of Procedures
  32. Marketing Assistance
    and Other Linkages
  33. Consultancy Services
  34. Research and Development
  35. Miscellaneous
  36. Monitoring and Review
  37. Power of the State Government
  38. Annexure - I
  39. Annexure - II
  40. Annexure - III

 

 

JHARKHAND STATE INDUSTRIAL POLICY 2001

29.0 FISCAL INCENTIVES
29.1

There is a dire need for the new born State of Jharkhand to accelerate industrialisation in the back ground of lost opportunities and non realisation of its industrial potential.

29.2

The type of incentives which are being offered are given below. Such incentives shall be admissible only once to a unit, which comes into commercial production during the period this policy remains effective:

  1. Capital Investment Incentive
  2. Captive Power Generating Subsidy
  3. Interest Subsidy
  4. Stamp Duty and Registration
  5. Employment Generation Based Incentives
  6. Special Incentives for Thrust Areas/ EOU and SC/ ST/ Women/ Ex-Servicemen and Handicapped Persons.
  7. Feasibility Study-Project Report Cost Reimbursement Subsidy
  8. Pollution Control Equipment Subsidy
  9. Incentive for Quality Certification
   
29.3

CAPITAL INVESTMENT INCENTIVE

 

The capital investment incentive shall be admissible to small and medium scale industries. The details of such incentives are as follows:

Sl. No. Incentive Category Maximum Incentive (%) Financial Limit (Lakhs) Special Benefits
1

Capital Investment Incentive (For Small & Medium Scale Industries)

  A
  B
  C
  15
  20
  25
  15
  20
  25

Additional 5% incentive over and above with a cap of Rs. 5 lakhs in thrust areas, 100% Export Oriented Units, SC/ST Entrepreneurs, Women Entrepreneurs, Handicapped persons and Ex-servicemen shall be admissible.

   
29.4

CAPTIVE POWER GENERATING SUBSIDY

   
 

The Captive Power Generating subsidy admissible to new industries in various categories of districts are as follows:

Sl. No. Incentive Category Maximum Incentive (%) Financial Limit (Lakhs) Special Benefits
1

Captive Power Generating Subsidy

  A
  B
  C
  15
  20
  25
2.25
3.00
3.75

Additional 5% incentive over and above with a cap of Rs. 0.75 lakhs in thrust areas, 100% Export Oriented Units, SC/ST Entrepreneurs, Women Entrepreneurs, Handicapped persons and Ex-servicemen shall be admissible.

 
   
29.5

INTEREST SUBSIDY

   
 

The objecting of providing this subsidy is to bring down interest cost of industry for the period an industry is most hard pressed. This subsidy is aimed to encourage industry to continuous growth rather than stagnate and contribute its share of prosperity to the state.

 
 

The interest subsidy admissible to new industries shall be admissible in the following manner on the interest actually paid to be financial institution/ banks on loans taken by such new industry:

Sl. No. Incentive Category Maximum Incentive (%) Financial Limit (Lakhs)
1 Interest subsidy   A
  B
  C

  25
  50
  60

The subsidy shall be limited to a sum of Rs. 100 lakhs per annum provided the total interest subsidy shall not exceed 2% of the total sales amount made in the State of Jharkhand and/ or in course of interstate sales as supported by the certificate/ document issued by the competent commercial tax authority. This subsidy shall be admissible for a period of 5 Years of all categories of industries from the date of commercial production.

 
   
29.6

STAMP DUTY AND REGISTRATION

   
 

An eligible industrial unit irrespective of its location will be entitled to exemption from payment of 50% of Stamp Duty and registration fee paid for registration of documents within the State relating to purchase/ acquisition of land and buildings for setting up of a new unit.

   
29.7

EMPLOYMENT GENERATION BASED INCENTIVES

29.7.1

This incentive would be admissible to following industries:

  •   All Khadi and Village industries
  •   All farm based industries such as horticulture, floriculture, sericulture, medicinal & aromatic   plants based industries etc.
  •   Forest based industries such as Shellac, Bamboo etc.

29.7.2

All workers/ labourers employed in such industries would be covered under Contributory Group Insurance Scheme (CGIS), in which the State would pay 50% of the premium paid by the employer against each such worker/ labourer. This incentive shall be admissible to only such industries employing a minimum of fifty workers/ labourers.

   
29.8

FEASIBILITY STUDY-PROJECT REPORT COST REIMBURSEMENT SUBSIDY

 

The Industrial Units will be provided feasibility study-project report cost reimbursement subsidy @50% of the cost incurred in preparation of such report subject to a ceiling of Rs. 50,000/-. Such feasibility study- project report shall have to be prepared by a recognized consultant drawn from duly approved panel by the Industries Department. This subsidy shall be admissible after the commencement of commercial production.

   
29.9

POLLUTION CONTROL EQUIPMENT SUBSIDY

 

Capital investment subsidy for installation of Pollution Control and monitoring equipment shall be allowed on the certificate of the State Pollution Control Board about the necessity for such installation. This incentive shall be admissible to new and existing industrial units. This subsidy will be 20% of the cost of the pollution control and monitoring equipment subject to ceiling of Rs. 20 lakhs, in addition to the capital investment subsidy admissible to such industrial unit. This would be in addition to any other incentive available from any other source. This subsidy will be paid only after such unit produces supporting documents for the expenses incurred along with the certificate of a Chartered accountant.

   
29.10

INCENTIVE FOR QUALITY CERTIFICATION

 

Small Scale/ Ancillary Industries would be encouraged to seek ISI/ ISO certification. The State Government shall facilitate for reimbursement of charges for acquiring ISO-9000 (or its equivalent) certification to the extent of 75% of the cost subject to a maximum of Rs. 75,000/- in each case from the Central Government.

   
29.11

MEGA UNITS:

 

Special Packages shall be formulated for the new projects with an investment of more than Rs. 50 crores on case to case basis through direct negotiation with prospective investors.

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