subsidy - new opportunites for chartered accountant

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


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


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


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





Subsidy should be apply on sanction ASKS & Associates,



– Weaving Sector



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



Subsidy should be applied on completion of project



– Handloom Sector





Subsidy should be apply on sanction

Unit should be register with respective authority

ASKS & Associates,


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,



– Any Textile and Jute Unit

Any New Unit or Expansion

5% Interest Subsidy to all other sector



ASKS & Associates,



– Any Weaving Unit


6% Interest Subsidy to any weaving units



ASKS & Associates,


10% Capital Subsidy under TUFS – Specific Sector


Technical Textile / Readymade Garment / Processing / Weaving Sector


Addition of 5% Interest Subsidy

In case of Technical Textile Unit, Registration Number from Office of

Textile Commissioner, Mumbai should be obtained


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,


Interest Subsidy (5%)–Other than Spinning, Apparel & Technical Textile





Unit should be in operation for Minimum 10 years from Commercial

Production

Synthetics Filament Yarn Manufacturing Unit are not allowed


ASKS & Associates,


Interest Subsidy (6%)–Technical Textile and Non-woven






Production



Power Tariff Subsidy ( R 1/-) – Spinning and Weaving Unit




Power Tariff Subsidy @ 1/- per unit

In case of expansion / modernisation, demarcation must be required of

power use.


Production

ASKS & Associates,


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


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,


EXPLORE THIS OPPORTUNITY

Thanks!!!


Surat. M. No. +91 90331 37457

E-mail: [email protected]

subsidy - new opportunites for chartered accountant

Economy & Finance