About this business scheme
The scheme aims to promote large-scale industrial development and investment in the state of Uttarakhand by creating a favourable business environment, encouraging capital investment, and generating employment opportunities.
The “Mega Industrial and Investment Policy – 2021” is implemented by the Micro, Small, and Medium Enterprises (MSMEs) Department under the Department of Industries, Government of Uttarakhand. The scheme aims to promote large-scale industrial development and investment in the state of Uttarakhand by creating a favourable business environment, encouraging capital investment, and generating employment opportunities.
Benefits at a glance
| Scheme name | Uttarakhand Mega Industrial and Investment Policy – 2021 (UKMIIP) |
|---|---|
| Launched by | Industry Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Uttarakhand |
| Official portal | investuttarakhand.uk.gov.in (link at the end of this page) |
Key facts
| Implementing agency | Uttarakhand Micro, Small And Medium Enterprises |
|---|---|
| Scheme for | Individual |
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 80 years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Classification of Projects Based on Fixed Capital Investment:
- Large Projects – Rs. 50 crore to Rs. 75 crore.
- Mega Projects – Projects with a capital investment of more than Rs. 75 crore and up to Rs. 200 crore.
- Ultra Mega Projects – Projects with a capital investment of more than Rs. 200 crore and up to Rs. 400 crore in plant and machinery.
- Super Ultra Mega Projects – Projects with a capital investment of more than Rs. 400 crore in plant and machinery.
Financial Incentives: Rebate/concession on prevailing land rates in SIIDCUL Industrial Areas (for manufacturing industries only):
- Large Projects – 15%
- Mega Projects – 25%
- Ultra Mega Projects – 30%
- Super Ultra Mega Projects – 30%
Interest Subsidy: Reimbursement assistance on interest for term loans taken from banks for 5 years:
- Large Projects – 7%, maximum Rs. 25 lakh per annum
- Mega Projects – 7%, maximum Rs. 35 lakh per annum
- Ultra Mega Projects – 7%, maximum Rs. 50 lakh per annum
- Super Ultra Mega Projects – 7%, maximum Rs. 75 lakh per annum
SGST Reimbursement (for manufacturing enterprises only): Reimbursement of net SGST for 5 years after adjustment of Input Tax Credit (ITC) on B2C sale of self-manufactured goods/items:
- Large Projects – 30%
- Mega Projects / Ultra Mega Projects / Super Ultra Mega Projects – 50%
Electricity Bill Reimbursement Assistance (for manufacturing enterprises only): To support production, electricity reimbursement assistance will be provided at Rs. 1.00 per unit in the electricity bill, from the date of issuance for the next 5 years:
- Large Projects – Rs. 50 lakh per annum
- Mega Projects – Rs. 75 lakh per annum
- Ultra Mega Projects – Rs. 1 crore per annum
- Super Ultra Mega Projects – Rs. 1.50 crore per annum
Reimbursement of Electricity Duty: 100% reimbursement.
Reimbursement of Stamp Duty: 50% reimbursement of stamp duty charges payable during the execution of land purchase deed and lease deed.
Reimbursement of Registration Fee: Registration of Land Purchase Deed/Lease Deed at the rate of Rs. 999 per Rs. 1,000.
Subsidy on ETP: Capital subsidy of 30%, maximum Rs. 50 lakh for setting up an ETP plant.
Payroll Assistance to Encourage Large-Scale Employment Generation: Payroll assistance will be provided based on the minimum limit for regular employment:
- Large Projects – 50 employees
- Mega Projects – 100 employees
- Ultra Mega Projects – 200 employees
- Super Ultra Mega Projects – 400 employees
Payroll assistance will be given as a subsidy for the next 5 years at the rate of Rs. 500/- per month per employee for additional employees employed beyond the specified limit. For women employees, this rate will be Rs. 700/- per month per employee.
Who qualifies
- Any person who wishes to invest in Uttarakhand under the "Mega Industry and Investment Policy" is eligible.
Papers to keep ready
Details of the required documents are available on the official website.
Registration walkthrough
Online
- To avail of the financial incentives provided under the policy, investors can apply online through the portal developed under the single-window system at https://investuttarakhand.uk.gov.in/.
- Details of the entire registration process and the documents required are also available on the official website.
Frequently asked questions
Who is eligible to invest under this policy?
Any person or entity wishing to invest in Uttarakhand under the "Mega Industry and Investment Policy" is eligible.
How can investors apply for the policy incentives?
Investors can apply online through the single-window portal at https://investuttarakhand.uk.gov.in/. The portal also provides details on registration procedures and required documents.
How are projects classified under this policy?
Projects are classified based on fixed capital investment:
- Large Projects: Rs. 50 crore to Rs. 75 crore
- Mega Projects: More than Rs. 75 crore and up to Rs. 200 crore
- Ultra Mega Projects: More than Rs. 200 crore and up to Rs. 400 crore
- Super Ultra Mega Projects: More than Rs. 400 crore
What interest subsidy is provided under this policy?
Reimbursement assistance on interest for term loans taken from banks is provided for 5 years:
- Large Projects: 7%, maximum Rs. 25 lakh per annum
- Mega Projects: 7%, maximum Rs. 35 lakh per annum
- Ultra Mega Projects: 7%, maximum Rs. 50 lakh per annum
- Super Ultra Mega Projects: 7%, maximum Rs. 75 lakh per annum
What is the SGST reimbursement for manufacturing enterprises?
Manufacturing enterprises can claim reimbursement of net SGST for 5 years after adjustment of Input Tax Credit (ITC) on B2C sales of self-manufactured goods:
- Large Projects: 30%
- Mega, Ultra Mega, Super Ultra Mega Projects: 50%
Are electricity duties reimbursed?
Yes, 100% reimbursement of electricity duty is provided.
Is there any reimbursement of stamp duty?
Yes, 50% of stamp duty charges payable during the execution of land purchase and lease deeds are reimbursed.
What payroll assistance is provided to promote employment?
Payroll assistance is offered for 5 years for additional employees beyond minimum employment limits:
- Large Projects: 50 employees
- Mega Projects: 100 employees
- Ultra Mega Projects: 200 employees
- Super Ultra Mega Projects: 400 employees
The subsidy is Rs. 500 per month per additional employee, and Rs. 700 per month for women employees.
How long can investors avail SGST reimbursement?
SGST reimbursement is available for 5 years after adjusting Input Tax Credit on B2C sales.
Where can investors find the list of required documents?
All details, including required documents and registration steps, are available on the single-window portal: https://investuttarakhand.uk.gov.in/.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines (Page No. 151) uk.gov.in (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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