The government has decided to extend till August 31 this year the deadline for registration of units and submission of claims to avail the special package of industrial incentives for Himachal Pradesh and Uttarakhand.
The Cabinet Committee on Economic Affairs had on January 15 given its approval for extension of the Special Package for these two states from January 7, 2013, to March 31, 2017, to catalyse industrial development there and give a fillip to manufacturing and SMEs.
It was then said that all new industrial units and existing units on substantial expansion would be eligible for Central Capital Investment Subsidy at the rate of 15% of investment in plant and machinery subject to a ceiling of R30 lakh.
Further, the cap on amount of subsidy will be raised from R30 lakh to R50 lakh for MSME units at the rate of 15% of their investment in plant and machinery.
The notification had said only those units that pre-register under the scheme, commence commercial production/operation before March 31, 2017, and file claims within a year of commencement of commercial production shall be eligible for subsidy under the scheme.
However, there were units that commenced commercial production after January 7, 2013, but were not registered with the concerned authorities. There were also units that had not submitted the claim within the prescribed period.
An official statement said on Tuesday that the deadline was extended till August 31 for the benefit of such units.
