The state Govt. has announced new incentive package called “Tripura Industrial Investment Promotion Incentives Scheme, 2022” effective from 01.04.2022 for a period 5(five) years. Under this Policy, the following incentives are provided for setting up industries in Tripura:
1. Capital Investment Subsidy:
a) Non-Thrust Sector MSMEs: 30% of fixed capital investment with ceiling of Rs. 100 lakhs per enterprise,
b) Thrust Sector MSMEs: 40% of fixed capital investment with ceiling of Rs.125 lakhs per enterprise.
c) Additional Subsidy for ST/SC/PH/Women enterprises @ 5% with the upper ceiling of Rs.100 lakhs/125 lakhs.
d) For Large units @ 30% or 40% of investment on land & b uilding with upper ceiling of subsidy Rs. 200 lakhs.
e) For Private Infrastructure Developer for creation of industrial infrastructure, subsidy will be @ 30% with upper ceiling of Rs.500 lakhs.
f) For substantial expansion of the existing units subsidy will be provided @ 30% or 40% (with addl. 5% for ST/SC/PH/Women) within overall ceiling of Rs.100 lakhs or Rs.125 lakhs for non-thrust and thrust section enterprises respectively.
2. Procurement Preference:
a) 15% Procurement Preference to local manufacturer on all purchases through tenders by State Government Agencies on products manufactured in Tripura, subject to 20% value addition within State.
b) Local enterprises having capacity of partial supply of tendered quantity/value shall be allowed to participate in tender process for minimum 40% of the tendered quantity, sub ject to 20% value addition within State.
3. Industrial Promotion Subsidy:
100% reimbursement of the net amount (net of input taxed) of the “Goods and Services Tax” actually paid by an enterprise subject to-
a) For Non-Thrust Sector with an overall ceiling of Rs.80 lakhs per enterprise per annum.
b) For Thrust sector with an overall ceiling of Rs.125 lakhs per enterprise per annum.
c) Aggregating limit of entitlement of an enterprise for 5 years shall not be exceeding to 150% value of investment made in plant & machinery.
4. Power charges:
a) Power charges will be provided to industrial units having connected load of above 20 HP @ Rs.5.00 per unit without any upper ceiling.
b) Industrial units having connected load up to 20 HP shall be reimbursed @ 25% of the power charges actually paid, subject to an upper ceiling of Rs.15 lakhs for non-thrust sector and Rs.25 lakhs for thrust sector enterprise per annum.
5. Partial reimbursement of Interest on Term Loans:
a) For Non-Thrust Sector: 4% reimbursement of interest paid on Term loan with upper ceiling of Rs.5.00 lakhs per enterprise per annum.
b) For Thrust sector 5% reimbursement of interest paid on Term loan with upper ceiling of Rs.12.00 lakhs per enterprise per annum.
6. Reimbursement of charges/fees for obtaining Standard Certification/Technology Know-how:
a) Full reimbursement of fees/charges for obtaining of Standard Certifications & subsequent renewal in 12 selected areas issued by National and Inter-national Bodies.
b) One time full reimbursement of fees payable for getting Technical know-how/Technology Transfer from any recognized national/international organizations.
7. Exemption from the payment of Earnest Money and Bid Security Deposits:
a) 100% Exemption to local manufacturer from payment of Earnest Money & Bid Security Deposits on tenders floated by State Government Agencies for procurement of goods.
b) Local service sector entrepreneurs (excluding works contract & IT/ITes) eligible for State Capital Investment Subsidy under TIIPIS,2022 shall also be allowed for the said benefit.
8. Employment Cost Subsidy (for Thrust Sector only):
100% reimbursement of expenditure to MSMEs on account of contribution made towards Employee,s Provident Fund and Employee’s State Insurance Scheme on employment of 20 or more persons who are domicile of the State.
9. Subsidy on fees paid for Credit Guarantee Trust Fund for Micro and Small Enterprise (CGTMSE):
100% reimbursement for one time guarantee fees & service fees paid every year by Micro & small enterprises for CGTMSE coverage taken on loan granted by Banks/NBFCs.
10.Export Promotion Subsidy:
a) 10% reimbursement of value of goods exported to Bangladesh through the Land Custom Stations in the State, subject to an upper ceiling of Rs.50 lakhs per annum.
b) It is applicable only for the items manufactured in the State subject to an enterprise shall have to achieve at least 20% value addition within the State.
11. Subsidy for participation in fares and exhibitions:
a) 50% reimbursement of the expenditure incurred for travelling expenses of one person and transportation of goods to participate in State & National level fares subject to an upper ceiling of Rs.1.00 lakhs for each participation & maximum participation of 2 fares in a year.
b) For participation in International Level fares prior approval of the appropriate authority is to be obtained.
12. State Transport Subsidy:
a) 50% reimbursement of transportation cost of secondary raw materials for local resource based industry and raw materials required for manufacturing of packaging materials in the packaging industries in the State.
b) Transport Subsidy shall be provided for transportation of raw materials from the nearest railway station of seller to the nearest railway station of the buyer as per the Railway Standard Parcel Rate.
13. Operational Subsidy to industrial units:
New eligible industrial unit availed fixed capital investment subsidy from any subsidy scheme of State/Central Government shall be provided all operational subsidies under this new scheme at the applicable rate and upper ceiling of the scheme, subject to obtaining of Eligibility Certificate under TIIPIS,2022 from the concerned DIC.
14.One time additional subsidy/Incentive shall be provided to MSMEs registered under Udyam portal of MSME and obtained ZED Certification from the Ministry of MSME as per the following break-up.
a) Investment made in Plant and Machinery up to 1.00 Cr; Max. of Rs.2.00 lakhs.
b) Investment made in Plant and Machinery from 1.00 Cr to 10 Cr; Max. of Rs.5.00 lakhs.
c) Investment made in Plant and Machinery above 10 Cr; Max. of Rs.10.00 lakhs.
15. Special Incentives to Industrial Enterprises continue to operate for 5 years are for a further period of 5 years which are as follows:
a) Industrial Promotion Subsidy shall be provided to enterprises @ 25% of Goods and Services Tax (net of input tax) actually paid after 5 years of operation with a condition that the aggregating subsidy amount paid since commissioning of the project shall not exceed the 150% of investment in plant and machinery.
b) Power charges will be provided to all eligible industrial units with connected load of above 20HP @ Rs.5.00 per unit without any upper ceiling. The industrial units with connected load up to 20 HP shall be provided partial reimbursement of power charges @ 25% of power charges actually paid by the enterprise, subject to a maximum amount of Rs.15.00 lakhs per annum per enterprise. In case of Thrust Sector Industries, the annual upper ceiling shall be Rs.25 lakhs per enterprise.
c) Employment cost subsidy shall be paid to MSME enterprises with employment of 20 or more persons @ 50% of employer contribution paid towards EPF and ESI after 5 years of operation.
