Incentives by MSME Department for Setting Up of Aromatic Industries in Aroma Park located at SIIDCUL, Kashipur - Centre for Aromatic Plants

Under this scheme, industries to be set up in Aroma Park are provided with investment promotion assistance, interest subsidy, reimbursement of SGST, exemption from stamp duty, exemption from market fees, and supply of electricity at concessional rates, as detailed in the table below:

Sr. No. Criteria Incentives for units to be set up

1 Investment promotion assistance 40% (maximum ₹40 lakh) on the fixed capital investment made in plant and machinery and workshop building of the enterprise

2 Interest Subsidy 10% of the interest payable on term loans taken for construction of workshop building and purchase of plant & machinery for a period of 5 years from the date of commencement of production (maximum ₹8 lakh per year per unit)

3 Reimbursement of SGST 100% of the net SGST liability on sales made to customers within the state (B2C) for a period of 5 years from the date of commencement of production

4 Exemption from Stamp Duty Full exemption from stamp duty charges payable on registration of sale deed/lease deed for land for establishment of the enterprise

5 Exemption from Market Fee 100% exemption from market fee on raw materials for a period of 5 years from the date of commencement of production

6 Supply of Electricity at Concessional Rates For a period of 5 years from the date of commencement of production, electricity will be supplied at concessional rates applicable for irrigation/tubewell (currently ₹1.55 per unit) along with uninterrupted supply

Entrepreneurs/ individuals interested in setting up an aromatic industry in Aroma Park will be eligible under this scheme.

Offline

For the establishment of aromatic industries in Aroma Park, SIIDCUL invites online applications through advertisements posted on its website: https://esiidcul.com/eprocure/home. Applications for vacant plots in Aroma Park are open for a fixed period. Details regarding plot sizes and the Earnest Money Deposit (EMD) are available on the SIIDCUL website.

Applicants can apply online for their preferred plot based on the plot size and submit the required EMD. After considering all applications received for specific plots within the specified period, industrial plots will be allotted, subject to availability, following the procedure outlined by SIIDCUL. Online bidding is conducted, and the highest bidder is awarded the plot. The successful applicant is issued an allotment letter.

More information about vacant plots and advertisements can be obtained from www.siidcul.com. The Centre for Aromatic Plants (CAP) provides technical assistance to entrepreneurs interested in setting up industries in Aroma Park.

Documents are required as per SIIDCUL guidelines to avail the benefits of the scheme.