Industrial Investment Promotion Incentive Scheme:-
The state Government has introduced the Tripura Industrial Investment Promotion Incentive Scheme (TIIPIS) offers incentives for setting up industrial units in the manufacturing and service sector. The main aim of the scheme is to provide the necessary infrastructure to ensure sustained industrialization in Tripura.
Applicability:
The Tripura Industrial Investment Promotion Incentives Scheme applies to the following
- Micro, Small and Medium Enterprises (MSME) commencing its commercial production activities in the state during the years of 2017-2020
- The private sector, co-operative sector, self-help-groups, joint sector and companies owned or managed by the State Government.
- It does not apply to the enterprises that have commenced commercial production before April 2017 and to all large scale units and industrial activities listed in the exception list.
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Eligibility Criteria for Incentives:
The concerned authority of the state government requires any industrial enterprise seeking incentives under this scheme to present the “Incentives Eligibility Certificate” in the specified format. This certificate will not be issued until certain conditions are met.
- The project obtains approval through an industrial license, letter of intent, or a registration certificate under the Industries (Development and Regulation) Act. Alternatively, it receives an industrial Approval reference number or an acknowledgment of online Udyog Aadhaar Memorandum filing through the national MSME registration portal.
- The enterprises are identified with the issuance of a compulsory license as notified by the central or the state Government.
- The unit has gone into commercial production.
Capital Investment Subsidy:
Eligible enterprises will receive incentives at a rate of 30% of the fixed capital investment, capped at RS 60 lakhs per enterprise. Thrust Sector enterprises will get incentives at a rate of 40% of the fixed capital investment, with an overall ceiling of RS 70 lakhs per enterprise. Proprietorship units belonging to ST< SC and Women individuals or partnership business where all partners (Women) belong ST,SC communities will be eligible for an additional subsidy at the rate of 2.5% on fixed capital investment, with an aggregate ceiling of RS 60 lakhs or RS 70 lakhs per enterprise.
Partial Reimbursement of Power Charges:
Eligible enterprises will be provided with power subsidies at the rate of 25% of the actual power charges paid by an enterprise after 5 years of operation. The incentive will be for 5 years, with an annual upper ceiling of Rs. 6 lakhs for enterprises that have an employee strength of 20 to 50 persons, Rs. 9.00 lakhs for entities with 51 to 100 employees and Rs. 12 lakhs if the number of employees exceeds 100.
Partial Reimbursement of Interest on Working Loans:
Interest incentives at the rate of 4% on working capital loan availed would be provided for 5 years with a ceiling of RS. 3.00 lakhs per year for each enterprise. The reimbursement of interest subsidy is limited to 4% of the 25% turnover of the enterprise in the given year.
Reimbursement of Standard Certification Charges:
Reimbursement of 100% of the total cost for getting Standard certificates like ISO-9000 Quality Management system, ISO-14000 Environment Management System, ISO-18000 Occupational Health and safety standards, BIS Certification, Green Energy Certificate, Bureau of Energy Efficiency Certificate, FSSAI License, AGMARK, Forest Stewardship Council (FSC), etc. All eligible enterprises will receive a one-time full reimbursement for fees, charges, or expenses incurred in obtaining standard certification.
Security Deposit:
Eligible enterprise will be given a 100% exemption from the payment of security deposits for items indicated in their eligibility Certificate issued under this scheme.
Contact Details:
To know more about the Tripura Industrial Investment Promotion Incentives Scheme, contact the following address:
Tripura Industrial Development Corporation Limited
Address: Shilpa Nigam Bhawan, Near Ginger Hotel, Khejur Bagan
Kunjaban, Agartala, West Tripura, India
Pin code: 799006
Phone : 0381-2416617, 2416446, 2416373
Fax: 0381-2414503
E-mails: tidcltd.in@gmail.com
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