Uttarakhand Tourism Entrepreneur Promotion Scheme

Stamp Duty Reimbursement:

1. Amount: 100% of the applicable stamp duty.
2. Intended Use: For new eligible tourism units to receive reimbursement on the stamp duty paid on:

Sale/lease deeds related to the purchase/lease of land/built-up area for tourism projects, provided the sale/lease deed is executed during the scheme's validity period.

Loan agreements are made for initiating the project during the scheme's validity period.

Mortgages and pledges were made for initiating the project during the scheme's validity period.

1. Conditions: The stamp duty reimbursement will be provided in a lump sum after the tourism unit commences commercial operation (COD). The application for stamp duty reimbursement must be submitted along with the capital grant application.

Capital Grant/Assistance:

1. Amount: Financial grant/assistance will be provided based on the permissible capital investment for establishing new or expanding existing eligible tourism units in the identified categories.

Category A districts: ₹33,00,000 plus 15% of the additional permissible capital investment above ₹1,00,00,000, with a maximum grant of ₹80,00,000.

Category B districts: ₹33,00,000 plus 25% of the additional permissible capital investment above ₹1,00,00,000, with a maximum grant of ₹1,20,00,000.

Category C districts: ₹33,00,000 plus 30% of the additional permissible capital investment above ₹1,00,00,000, with a maximum grant of ₹1,50,00,000.

1. Eligible Capital Investment: For calculating the capital grant/assistance, "permissible capital investment" includes peripheral infrastructure (boundary wall, internal roads, and other basic structural facilities), structure and building, plant, indigenous and imported machinery and equipment, material handling equipment, mechanical, electrical, and plumbing installations, fixtures, furniture and fittings, waste management facilities, transformers, generators, captive power plants, and other auxiliary facilities installed for use on the premises and their related installation expenses.
2. Excluded Capital Investment: Investment in "land and land development," pre-construction expenses, consulting fees, capitalised interest, and working capital will not be included in the calculation for the capital grant.
3. Conditions: Full payment by the investor for all capital assets and complete ownership of the project is required. All capital assets must be installed and used at the project site.

Interest Subsidy Reimbursement:

1. Amount: 3% interest subsidy on term loans.

Category A districts: Maximum ₹4,00,000 per year, per unit.

Category B districts: Maximum ₹5,00,000 per year, per unit.

Category C districts: Maximum ₹6,00,000 per year, per unit.

1. Intended Use: Applicable to eligible tourism units on term loans taken from notified commercial banks, financial institutions, state government cooperative banks, regional rural banks, or financial institutions recognised by the Government of India/State Government for financing the permissible capital investment.
2. Conditions: The interest subsidy reimbursement will be payable for a maximum of 3 years from the date of commercial operation commencement. The percentage of interest subsidy reimbursement will be calculated annually based on the interest paid by the unit on the term loan after commercial operation commences.

The applicant should be a permanent resident/entrepreneur of Uttarakhand.

The applicant's proposed investment in identified tourism activities/operations should be between ₹1,00,00,000 and ₹5,00,00,000.

The applicant's unit should be registered as a sole proprietorship/partnership/LLP/private limited company, or any other legal entity. The participation in all these companies/organizations must be exclusively by permanent residents/entrepreneurs of Uttarakhand.

The applicant's unit should be established on fully owned land. If the unit is to be built on leased land, the remaining lease period must be more than 10 years.

The applicant should obtain in-principle approval (CAF) through the Single Window Portal under the Uttarakhand Udhyam Ekul Khidki Sugamata aur Anugyapan Adhiniyam, 2012 (as amended), prior to establishing a new unit or expanding an existing one. This is necessary for the grants mentioned under this scheme.

The applicant's unit should provide a minimum of 70% permanent local employment.

The applicant's tourism unit should be mandatorily registered with the State Goods and Services Tax Department.

Units that commence commercial operations under this scheme within 180 days from the date of the notification will need to submit documentation and records for capital investment assistance in a comprehensive and clear manner.

The right to interpret the rules/provisions of this scheme, or to add, remove, or modify new tourism activities, is vested with the Uttarakhand Government.

Online

Registration Process:

Step 1: Visit the Official Portal of Invest Uttarakhand.

Step 2: Click on "Login as" located in the right corner. On the login page, you will find a "Create an account" option; click on it.

Step 3: A new page will open. Begin the registration process to create a new account.

Step 4: Select Registration Type:

Choose your registration type from the available options: "Investor On Behalf of Investor" or "Exhibitor", or "Organiser."

Step 5: Provide Investor Information:

Enter your PAN Card number, Enter your full name, Provide the name of your legal entity, Mobile Number, Enter your mobile number, Input your complete address, Select your country, Select your state, Enter your district, Provide your email address, Create a password for your account, Re-enter the password to confirm it, Once all required fields are filled, complete the registration.

Step 6: Click on "Registered" to proceed to the login page.

Login Process:

Step 1: Visit the Official Portal of Invest Uttarakhand.

Step 2: Click on "Login as" located in the right corner.

Step 3: Investor Login:

Once registered, the applicant can log in using their registered credentials (IUID/Email and Password).

Step 4: Choose Category/Fill Details:

The applicant will likely need to choose the relevant business category (e.g., tourism unit) and fill in enterprise details, details of the managing director/partner/CEO, authorised coordinator, financial indicators, and organisational details.

Step 5: Common Application Form (CAF):

The scheme document mentions the mandatory in-principle approval (CAF) through the Single Window Portal. This suggests that a Common Application Form will be a key part of the online application process.

Step 6: Upload Documents:

Necessary documents (as per the scheme's requirements, listed previously) will need to be uploaded online. Click on "Submit" to submit the form.

Notes:

Tracking Application: Applicants can track their application status online at any time through the Official Portal of Invest Uttarakhand.

Verification and Approval: The application will undergo verification by authorities (District Tourism Development Officer, Nodal Officer at UTDB, State Level Authorised Committee). Site inspections may also be conducted.

Issuance of Certificates/Approvals: Upon approval, digitally signed certificates or licenses can be downloaded from the website.

Sale/Lease Deed (related to the purchase/lease of land/built-up area for tourism projects, applicable if executed during the scheme period and for stamp duty reimbursement)

Loan Agreements (for project commencement, applicable if executed during the scheme period and for stamp duty reimbursement)

Mortgages And Pledges (for project commencement, applicable if executed during the scheme period and for stamp duty reimbursement)

Goods And Services Tax (GST) Returns (required annually for 10 years after Commercial Operation Date for Capital Grant disbursement)

Income Tax Returns (ITR) (required annually for 10 years after Commercial Operation Date for Capital Grant disbursement)

Details Of Unit Shareholding (required annually for 10 years after Commercial Operation Date for Capital Grant disbursement)

Affidavit Of Commercial Operation (required annually for 10 years after Commercial Operation Date for Capital Grant disbursement)

Approved Conceptual Application Form (CAF) (mandatory for grants under the scheme, obtained through the Single Window Portal)

Documents Related To Capital Assets Ownership And Payment (required to verify full ownership and payment of capital assets for capital grant calculation)