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The scheme has been introduced to upgrade and provide better facility for … The scheme was … Credit linked Capital Subsidy scheme. Under the new Investment Promotion Policy, the State Government of Rajasthan has given Investment Subsidy/Exemption benefits encourage the investment and creation of significant employment opportunities in the State. 5. The incentive will be available for investment made within 5 years from the date of acknowledgement of the application. When businesses are making capital investments it means they are confident in the future and intend to grow their businesses by improving existing productive capacity. (b) Capital Subsidy of 15% of Eligible Capital Investment (excluding the cost of the land) subject to a ceiling of Rs.20 crores. Get Loan/Subsidy; Get Subsidy; Capital Grant Scheme; Capital Grant Scheme. During the period of 10th Five Year Plan i.e. The new package provides Capital Investment Subsidy, Interest Subsidy and Insurance Subsidy to new industrial units and existing industrial units on their substantial expansion. Without taking prior approval of the Ministry of Industry, Department of Industrial Policy and Promotion/State Government/Financial Institution concerned, no owner of an industrial unit after receiving a part or the whole of the grant or subsidy will be allowed to change the location of the whole or any part of industrial unit or affect any substantial contraction or disposal of a substantial part of its … The Honourable Finance … Besides the existing manufacturing and service sectors, the government is promoting investments in social sectors like education, health, skills and more. Under the CLCSS, businesses can avail up to 15% subsidy (with a maximum limit of up to Rs. For the sake of brevity, all forms of assistance are hereinafter referred to as the 'subsidy'. I) TUFS: Scheme operated by Ministry of Textiles, Govt. The incentive against the eligible capital expenditure shall be released after the approval of the application, subject to capital expenditure exceeding the threshold value and commencement of commercial production. 6. 1 crore) on investment in eligible machinery. The Govt. Even when subsidy is hundred percent, i.e. the good is supplied free of cost, it should be distinguished from an income-transfer (of an equivalent amount) which need not be spent exclusively on the … He said that all transaction in respect of the cost of plant and machinery/project must be made through ‘A/c … ATUFS has been introduced by MoT for textiles and jute industry to facilitate induction of state-of-the- art technology by the textile units for the implementation period from January 13, 2016 to March 31, 2022. TIIC is the Nodal Agency for … Under this line of credit, NABARD has envisaged transformation of 35,000 … Green and … The CIT (A), however, directed the Assessing Officer to reduce, on proportionate basis, the capital subsidy received during the relevant assessment year from the written down value of respective block of assets for the purpose of computing depreciation allowance under the Act while directing that the subsidy should be treated as capital subsidy. kindly suggest the Accounting Treatment for the F.Y 2010-11. The scheme is being implemented by the Department of Agriculture & Cooperation through National Centre of Organic Farming (NCOF) in collaboration with NABARD or NCDC. Capital @ 3 % to 5 % of seven years from the date of commencement of Commercial.... Is funded by Corporation from its own resources the Capital investment or Rs the Taluka the investment incentive! The … the latest amendments in the policy were introduced in September 2019 upgradtion of SME of. 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