Scheme for Financial Assistance to Industrial Parks

• New buildings constructed in the park to provide specific infrastructure facilities or services to the units located in it.
• Other construction — boundary wall and related security infrastructure, as approved by the State Level Empowered Committee.
• Infrastructure facilities: internal roads, substation and power distribution lines, communication facilities, water distribution and augmentation, sewage and drainage, and common parking.
• Hostel or dormitory buildings for domiciled workers, including canteen, playground, labour welfare centre, child care centre, RO plant and underground facilities.
• Eligible costs are worked out against the relevant Schedule of Rates norms of the concerned government department.

Ineligible expenditure, which no part of the assistance will cover:

• Purchase of land and land development.
• Goodwill fees, commissioning fees and royalty.
• Preliminary and pre-operative expenses, and capitalized interest.
• Transportation equipment and vehicles.
• Technical and consultant fees, and working capital.
• Anything else the State Level Empowered Committee specifies as non-eligible.

• State and central assistance together must not exceed 60% of project cost, or 80% in a Vanbandhu taluka. State assistance is reduced to the extent the combined figure would be breached.
• Reimbursement is proportionate to expenditure incurred, disbursed in four instalments at 25%, 50%, 75% and 100% of project cost.
• 15% of the sanctioned assistance is released only after the park is complete.

• The institution developing the park is reimbursed 100% of stamp duty paid on purchase of land required for the project as approved by the SLEC.
• Reimbursement is made only after the total required land has been purchased and at least 10% of the infrastructure completed.
• Individual units located inside the park are separately reimbursed 50% of the stamp duty they pay on purchase of a plot.

• Register the proposed park with the Industries Commissionerate first — a project already under execution before registration is not eligible for any assistance.
• After taking 100% possession of the purchased land, apply with a Detailed Project Report and approved layout plan to obtain sanction.
• The Industries Commissionerate scrutinises the application and places it before the SLEC for decision.
• The park must be completed within 3 years of the sanction letter; the SLEC may grant up to 1 further year on merit.
• A Third Party Quality Assurance agency must be appointed from the approved list, and its report submitted with every claim.
• The developer must inform the Industries Commissioner if it has applied for any central government incentive.
• The developing institution cannot claim under another state scheme, but enterprises setting up inside the park remain eligible for other state schemes in their own right.