Question: Recently, the Government of India announced the Industrial Development Scheme, 2017 for Himachal Pradesh. Effective period of this scheme is-
(a) March 1, 2017 to March 31, 2022
(b) April 1, 2017 to March 31, 2022
(c) August 1, 2017 to – March 31, 2021
(d) April 1, 2018-March 31, 2021
Answer: (b)
Related Facts:
- According to the reports published on June 28, 2018, the Government of India has announced the Industrial Development Scheme, 2017 for Himachal Pradesh.
- This announcement was essential to the new and existing industrial units engaged in manufacturing and service sector enterprises in the service sector that requires significant capital expenditure and employment generation.
- This scheme is effective from 1 April, 2017 and will remain in force till 31 March, 2022.
- Those units which have already commenced commercial production/operation after 1 April, 2017 can register under this scheme with department of Industrial Policy and Promotion, Government of India up to 30 September, 2018.
- He said this scheme will also be applicable to bio-technology and hydel power generation units’ up to 10 MW.
- The web link for applying for registration at DIPP portal is gov.in/ds/login.
- The salient features of this Industrial Development Scheme includes Central Capital, Investment Incentive for access to credit (CCIIAC) @ 30 percent investment in plant and machinery with an upper limit of Rs. 5 crore.
- All eligible new industrial units and existing units on their substantial expansion located anywhere in the State and Central Comprehensive Insurance Incentive (CCII) under which eligible units are included in Fire Policy ” C” as per All India Fire Tariffs, will be eligible for reimbursement of 100 percent insurance premium on insurance of building plant and machinery for a period of five years from the date of commencement of commercial production/operation.
Reference:
http://himachalpr.gov.in/OnePressRelease.aspx?Language=1&ID=12469