Being Consultant of Various Government Schemes
ASKS & Associates, Chartered Accountants
1. Expand existing Business as well as establish new business
2. Support in Opportunity Capitalization
3. Acquire New Technology
4. Improve the quality of products
5. Adopting a latest technology available in Current Market
6. Support in onslaught attack fromother competitive Market / Countries
7. Manufacture World Class Products by Technology Upgradation
8. Increase Export Business
9. Attract Global Market
10. Employment Generation
ASKS & Associates, Chartered Accountants
1. Cash Subsidy: Providing food or fertilizer to consumer at lower price.
2. Interest or credit subsidies
3. Tax subsidies
4. In kind subsidies
5. Procurement subsidies
6. Regulatory subsidy
ASKS & Associates, Chartered Accountants
1. Capital Subsidy to SSI Unit (15% CLCSS) – Various Industries
2. Capital Subsidy to SSI Unit (15% TUFS) – Textile and Jute Industries
3. Capital Subsidy to SSI Unit (30% TUFS) – Weaving Sector
4. Capital Subsidy to SSI Unit (25% TUFS) – Handloom Sector
5. 2% Interest Subsidy under TUFS – Spinning Unit
6. 5% Interest Subsidy under TUFS – Any Textile (other than S.R. No.
5 and 7) and Jute Unit
7. 6% Interest Subsidy under TUFS – Weaving
8. 10% Capital Subsidy under TUFS – Specific Sector of Textile
9. Capital Subsidy (25% or 33%) - MOFPI – Food Processing Industries
10.Many More Schemes are available to Industries
ASKS & Associates, Chartered Accountants
Capital Subsidy to SSI Unit (15% CLCSS) – Various
Industries
Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
Maximum Capital Subsidy of Rs. 15.00 Lakhs
Unit in production upto 3 years
Minimum Repayment Period 3 years
Application should be done as soon as disbursement complete
ASKS & Associates,
Chartered Accountants
Capital Subsidy to SSI Unit (15% TUFS)
–Textile & Jute Industries
Subsidy in lieu of 5% Interest Subsidy
Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
Maximum Capital Subsidy of Rs. 75.00 Lakhs
Unit in production upto 3 years
Minimum Repayment Period 3 years
Subsidy should be apply on sanction ASKS & Associates,
Chartered Accountants
Capital Subsidy to SSI Unit (30% TUFS)
– Weaving Sector
Subsidy in lieu of 5% Interest Subsidy
Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
Max. Capital Subsidy of Rs. 1.50 Crore (In case of New Machine Imported as
well as Indigenous)
In case of Indigenous Manufacturer, it should be registered with Office of
Textile Commissioner, Mumbai
Unit in production upto 3 years
Minimum Repayment Period 3 years
Subsidy should be applied on completion of project
ASKS & Associates, Chartered Accountants
Capital Subsidy to SSI Unit (30% TUFS)
– Handloom Sector
Subsidy in lieu of 5% Interest Subsidy
Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
Maximum Capital Subsidy of Rs. 45.00 Lakhs
Minimum Repayment Period 3 years
Subsidy should be apply on sanction
Unit should be register with respective authority
ASKS & Associates,
Chartered Accountants
2% Interest Subsidy under TUFS
– Spinning Unit
Any Stand alone Spinning Unit
Any New Unit / Replacement or Modernization
2% Interest Subsidy to Stand alone Spinning Unit
No Upper Limit for Subsidy
Subsidy available upto 7 years incld. Maximum 2 year Moratorium period
ASKS & Associates,
Chartered Accountants
5% Interest Subsidy under TUFS
– Any Textile and Jute Unit
Any New Unit or Expansion
5% Interest Subsidy to all other sector
No Upper Limit for Subsidy
Subsidy available upto 7 years incld. Maximum 2 year Moratorium period
ASKS & Associates,
Chartered Accountants
6% Interest Subsidy under TUFS
– Any Weaving Unit
Any New Unit or Expansion
6% Interest Subsidy to any weaving units
No Upper Limit for Subsidy
Subsidy available upto 7 years incld. Maximum 2 year Moratorium period
ASKS & Associates,
Chartered Accountants
10% Capital Subsidy under TUFS – Specific Sector
Any New Unit or Expansion
Technical Textile / Readymade Garment / Processing / Weaving Sector
No Upper Limit for Subsidy
Addition of 5% Interest Subsidy
In case of Technical Textile Unit, Registration Number from Office of
Textile Commissioner, Mumbai should be obtained
ASKS & Associates, Chartered Accountants
1. Interest Subsidy (5%/6%/7%/8%) – Any New or Expansion Upto MSI
2. Interest Subsidy (5%) – Any Textile and Jute Industries
3. Interest Subsidy (6%) – Technical Textile and Non-woven
4. Interest Subsidy (7%) GTP-12 – Spinning and Apparel Unit
5. Interest Subsidy (5%) GTP-12 – Any Textile, Processing and Jute Industries
6. Interest Subsidy (6%) GTP-12 – Technical Textile and Non-woven
7. Marketing Development Assist. – Marketing of New Products
8. Critical Infrastructure Project – Development of Industrial Infrastructure
9. Technology Acquisition – New Technology Acquisition in India
10.Interest Subsidy (6%) – Agriculture Product Manufacturer
11.Electric Duty Exemption – New Unit or Expansion
12.Power Tariff Subsidy - Spinning and Weaving Unit
13.VAT Refund - Spinning and Weaving Unit
ASKS & Associates Chartered Accountants
Interest Subsidy (7%) – Spinning and Apparel Unit
Any new industrial undertaking
Any Expansion / Modernization / Diversification
Unit should be in cotton spinning only
2nd Hand Machine is allowed spinning within specific criteria
Benefit is available upto 5 years Only
There is no upper ceiling for Interest Subsidy
Unit should be in operation for Minimum 10 years from Commercial Production
Partly or Fully benefits is available with Industrial Policy - 2009
ASKS & Associates,
Chartered Accountants
Interest Subsidy (5%)–Other than Spinning, Apparel & Technical Textile
Any new industrial undertaking
Any Expansion / Modernization / Diversification
Benefit is available upto 5 years Only
There is no upper ceiling for Interest Subsidy
Unit should be in operation for Minimum 10 years from Commercial
Production
Synthetics Filament Yarn Manufacturing Unit are not allowed
Partly or Fully benefits is available with Industrial Policy - 2009
ASKS & Associates,
Chartered Accountants
Interest Subsidy (6%)–Technical Textile and Non-woven
Any new industrial undertaking
Any Expansion / Modernization / Diversification
Benefit is available upto 5 years Only
There is no upper ceiling for Interest Subsidy
Unit should be in operation for Minimum 10 years from Commercial
Production
Partly or Fully benefits is available with Industrial Policy - 2009
ASKS & Associates, Chartered Accountants
Power Tariff Subsidy ( R 1/-) – Spinning and Weaving Unit
Any new industrial undertaking
Any Expansion / Modernization / Diversification
Benefit is available upto 5 years Only
Power Tariff Subsidy @ 1/- per unit
In case of expansion / modernisation, demarcation must be required of
power use.
Unit should be in operation for Minimum 10 years from Commercial
Production
ASKS & Associates,
Chartered Accountants
VAT Refund – Spinning and Weaving Unit
Any new industrial undertaking Any Expansion / Modernization / Diversification Benefit is available upto 5 years Only VAT refund on purchase of Raw Material as per ACT In case of expansion / modernisation, VAT refund will be allowed
on new investment Refund will be given upto 8 years to tune of cost of new
investment Unit should be in operation for Minimum 10 years from
Commercial Production
ASKS & Associates, Chartered Accountants
Visit website of different ministries and get thorough knowledge of scheme to
give your client maximum benefit.
For eg. www.txcinda.gov.in, www.mofpi.nic.in etc
Read all criteria's/conditions that are to be fulfill for
receiving grants.
Provide details to client and manage their work accordingly.
Follow check list provided by ministry for applying for
subsidy claim.
Proper follow – up of implementing agencies.
ASKS & Associates,
Chartered Accountants
EXPLORE THIS OPPORTUNITY
Thanks!!!
ASKS & Associates, Chartered Accountants
Surat. M. No. +91 90331 37457
E-mail: [email protected]