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Audhyogic Nivesh Protsahan Yojana (IIPS) Normal Financing Scheme for Fixed Assets Single Window Scheme(FATL & WCTL) Seed Capital Scheme from Central Govt./ SIDBI/NEF/MUM Financin to Construction Activities Financing to Entertainment Sector Financing to Technology Upgradation of Central Govt./SIDBI/RTDM /TUFS/ Tannery Modernization
Credit Link Capital Subsidy Scheme for Technical Upgradation of SSI Units Capital Investment Subsidy Scheme for Construction/Expansion/ Modernization of Cold Storage for Horticulture Produce Financing Assistance to Doctors Under NEF |
Industrial Investment Promotion Scheme
Audhyogic Nivesh Protsahan Yojana was launched by the State Govt. vide G.O. No. 3806 dated 11.3.203 for providing interest free loan to Mega Industrial Units to meet out the short fall in Working Capital in the initial years of production due to making large capital investment. The rules of the Audhyogic Nivesh Protsahan Yojana were notified vide G.O. No. 3090/77-6-03-41 (TAX) 01 dated 6.11.2003 where in it was specified that Interest Free Loan shall be provided to Mega Industrial Unit having capital investment of Rs. 10.00 Crore and above in Food processing and live stock sector or units which are being set up in Eastern and Bundelkhand Regions of the State irrespective of the sector and above Rs. 25.00 Crore in any industrial sector in other parts of the State. The quantum of the Interest Free Loan shall not exceed the total of the CST/UPTT(UPVAT) paid during the financial year and the calculation of Interest Free Loan shall be made as per table given in the para 5(4) of the rules of the Industrial Investment Promotion Scheme. Subsequently amendment was made vide GO No.674 dated 18.03.2005 and GO No.776 dated 11.07.2005 vide which the amount of the Interest Free Loan was not restricted to the amount of the CST/UPVAT paid and the minimum limit of the Interest Free Loan was fixed between 5 to 10% of annual turnover. UPFC was nominated as the Operating agency for the scheme and PICUP was nominated as Operating Agency for PICUP financed cases. Under the scheme the interest free loan is provided to eligible Mega units for a period of 10 years and repayment period is 7 years. The Interest Free Loan is to be secured by 1st charge / 2nd charge on the assets of the unit in favour of the Operating Agency. The eligible mega unit has to submit loan application under the scheme by 30th September of the following financial year alongwith annual audited accounts of the previous year and other required papers duly certified by Chartered Accountants. The detailed G.Os. of the Scheme are available on the Web site of the U.P. Govt. at www.upgov.nic.in
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