Scheme Name:

State: Andhra Pradesh

Description of the Scheme: Fiscal incentive under Department of Industries Industrial Policy 2021 ? 23

Target group : Micro & Small Enterprises

Sector of the Scheme: Multiple Sectors

Eligibility Criteria: Micro & Small Enterprises

Nature & Mode of Assistance:

• Reimbursement of 100% stamp duty and Transfer duty paid by the industry on purchase, for lease of land/shed/buildings, mortgages and hypothecations.
• Fixed power cost reimbursement @ Rs. 1.00 per unit for a period of five years from the date of commencement of commercial Production 
• Reimbursement of 100% of net SGST accrued to state for a period of 5 years from the date of commencement of commercial production or up to realization of 100% fixed capital investment, whichever is earlier
• 15% Investment Subsidy on Fixed Capital Investment limited upto Rs. 20 lakh, whichever is lower 
• Interest subsidy of 3% on the term loan taken for fixed capital investment by new Micro and Small enterprises for 5 years from the date of commencement of commercial production 
• Reimbursement of 25% land conversion charges for Industrial use limited to Rs. 10 lakh

"Financial Information (Subsidy, low interest rate, etc.)": Subsidy

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)": Not Availaible

How to apply: Not Availaible

Whom to Contact: Apply through the singe window portal