Scheme of Setting up of Plastic Park

Scheme of Setting up of Plastic Park Scheme of Setting up of Plastic Park Scheme of Setting up of Plastic Park Subsidy for plastic park

Objective

The Scheme has the following objectives:

1. Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern, research and development led measures.

2. Increase investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports.

3. Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.

 4. Adopt a cluster development approach to achieve the above objectives owing to its benefits arising due to optimization of resources and economies of scale.

Funding Pattern

Government of India would provide grant funding up to 50% of the project cost subject to a ceiling of Rs. 40 crore per project. The remaining contribution in the SPV will be from the State Government or State Industrial Development Corporation or similar agencies of State Government, beneficiary industries and loan from financial Institutions. The equity contribution of the State Government or State Industrial Development Corporation or similar agencies of the State Government shall be at least 26% of the cash equity of the SPV( excluding value of any land given as equity).

In the event of user enterprises/beneficiary industries/ private developers/JV partners not bringing in the required equity contribution within a period of one year from the date of final approval of the project, the deficit of cash equity (excluding value of land given as equity) shall be financed by the State Government or State Industrial Development Corporation or similar agencies of the State Government. Cost escalation due to any reason has to be borne by the State Government or its agency. Interest earned on central grant by the SPV would be treated as a part of the central grant.

Financial assistance

1. Each of the projects proposed to be implemented by a Special Purpose Vehicle (SPV) shall be eligible for grant funding under the scheme up to 50 % of the project cost (as mentioned in the previous section) not exceeding Rs 40.00 Crore per project subject to the following:

 a. A minimum of 25 per cent of the Grant-in-aid should be earmarked for common enabling facilities dedicated to plastic processing industry like characterization, prototyping & virtualization, non-destructive material testing, incubation, training, warehousing, plastic recycling, tooling design, Research & development, etc.

b. Assistance for Administrative and other management support of SPV including the salary of CEO for the project implementation period shall not exceed 5 % of Grant-in-aid of the overall project cost.

c. Assistance for engaging engineers / architects / construction management / other experts for execution of civil works shall not exceed 5 % of Grant-in-aid of the overall project cost.

  • Assistance for soft initiatives [as explained at pt. no  in the section above and as approved by SSC] shall be over and above the grant provision for infrastructure components and shall be restricted to 75 % of the cost of soft interventions not exceeding Rs 50 lakhs per project. This amount may be met from within the total grant to be given for each project.  
  • SPVs may dovetail funds from other sources as well for the project, provided there is no duplication of funding for the same component / intervention.  
  • The soft initiatives shall be funded during the project implementation phase. Subsequently, it will be the responsibility of the SPV to undertake such initiatives on its own.
Development of Solar Parks and Ultra Mega Solar Power Projects

Development of Solar Parks and Ultra Mega Solar Power Projects

Subsidy for Solar Parks Subsidy for Solar Parks Subsidy for Solar Parks

Objective of Development of Solar Parks and Ultra Mega Solar Power Projects

Solar power projects set up anywhere in the country, however the scattering of solar power projects leads to higher project cost per MW and higher transmission losses. Individual projects of smaller capacity incur significant expenses in site development, drawing separate transmission lines to nearest substation, procuring water and in creation of other necessary infrastructure.

It also takes a long time for project developers to acquire land, get change of land use and various permissions, etc.

which delays the project. To overcome these challenges, the scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects” was roll out in December,

2014 with an objective to facilitate the solar project developers to set up projects in a plug and play model. Development of Solar Parks and Ultra Mega Solar Power Projects

Salient Features

  • The scheme for “Development of Solar Parks and Ultra Mega Solar Power Projects” was roll out Ministry of New & Renewable Energy on 12-12-2014. Under
  • this scheme, it was proposed to set up at least 25 Solar Parks and Ultra Mega Solar Power Projects targeting over 20,000 MW of solar power installed capacity within a span of
  • 5 years starting from 2014-15.
  • The capacity of the Scheme has enhanced from 20,000 MW to 40,000 MW vide this Ministry’s order dated 21-03-2017. These parks are propos to set up by 2021-22.
  • The scheme envisages supporting the States/UTs in setting up solar parks at various locations in
  • the country with a view to create required infrastructure for setting up of solar power projects. The solar parks provide suitable developed land with all clearances, transmission system, water access, road connectivity, communication network, etc.
  • The scheme facilitates and speed up installation of grid connected solar power projects for electricity generation on a large scale.
  • All the States and Union Territories are eligible for getting benefit under the scheme.
  • The capacity of the solar parks shall be 500 MW and above. However, smaller parks are also considered where contiguous land difficult to acquire in view of difficult terrain and where there is acute shortage of non-agricultural land.
  • The solar parks are develop in collaboration with the State Governments and their agencies, CPSUs, and private entrepreneurs. The implementing agency is termed as Solar Power Park Developer (SPPD). There are 7 modes for selection of SPPDs.

CFA Pattern:

  • Under the scheme, the Ministry provides Central Financial Assistance (CFA) of up to Rs. 25 lakh per solar park for preparation of Detailed Project Report (DPR). Beside this,
  • CFA of up to Rs. 20.00 lakh per MW or 30% of the project cost, including Grid-connectivity cost, whichever is lower, is also provided on achieving
  • the milestones prescribed in the scheme.

  • the CFA of Rs. 20 Lakh /MW is apportionon 60:40 basis towards development of internal infrastructure of solar park to the SPPD and for development of external transmission system to Central Transmission Utility (CTU)/ State Transmission Utility (STU) respectively

  • i.e. Rs. 12 lakh per MW or 30% of the project cost whichever is lower is provided to the SPPDs towards development of internal infrastructures
  • if the solar parks and Rs. 8 lakh per MW or 30% of the project cost whichever is lower is provided to the CTU or STU as the case may be towards development of external transmission system.

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Pharmaceutical Industry for Common Facilities

Assistance to Pharmaceutical Industry for Common Facilities

Pharmaceutical Industry for Common Facilities Pharmaceutical Industry for Common Facilities Pharmaceutical Industry for Common Facilities Subsidy For Pharma Industry Subsidy For Pharma Industry

The Scheme

(i) A Central Sector Scheme for Assistance to Pharmaceutical Industry for Common Facilities.

(ii) The Scheme would implemented in a Public Private Partnership (PPP) mode through one time grant-in-aid to be released in various phases for creation of identified infrastructure and common facilities to a Special Purpose Vehicles (SPVs) set up for the purpose.

(iii) The various aspects and outcomes of the Scheme will reviewed after two years from the date of its initiation. Subsidy For Pharma Industry

Objective

(i) Strengthening the existing infrastructure facilities in order to make Indian Pharma Industry a global leader in Pharma Sector.

 (ii) Easy access to standard testing facilities and value addition in the domestic Pharma Industry

especially to SMEs through creation of common world class facilities for increased competitiveness.

(iii) To help industry meet the requirements of standards of environment at a reduced cost

through innovative methods of common Waste Management System.

 (iv) Exploit the benefits arising due to optimization of resources and economies of scale.

Common Facilities Common

Facilities under the Sub-Scheme will consist of creation of tangible “assets” as Common Facility Centers (CFCs). Some of the indicative activities under the Common Facilities are:-

(i) Common Testing Centres

 (ii) Training Centres

 (iii) R&D Centres

 (iv) Effluent Treatment Plants

(v) Common Logistics Centres The above list of common facilities is illustrative and each cluster could have its own specific requirement based on the nature of units being set up and the products proposed to manufactured.

The Scheme Steering Committee (SSC) shall approve the project components and funding thereof depending upon the merits of the proposal.

Salient Features of the Scheme

(i) The land and building for CFC shall be provided by SPV concerned as per cost indicated in

the detailed project report.

In case the SPV provides an existing land and building, the cost of the same will decided on the basis of valuation report prepared by an approved agency of Central/State Government Departments/Financial Institutions (FIs)/Public Sector Banks and the cost of land and building may taken towards contribution for the project.

Though the land and building is included in the total project cost, however, the Grant-in-Aid from GoI will not utilized for these components.

 (ii) Escalation in the cost of project over and above the sanctioned amount,

due to any reason will be borne by the SPV.

The Central Government shall not accept any financial liability arising out of operation of any CFC.

 (iii) The Grant-in-Aid shall not be available to any individual production units, if any,

owned by a member of the SPV.

 (iv) The CFC utilized by the SPV members and also by other pharma units on ‘user charges’ basis to decided by the SPV.

(v) User charges for services of CFC shall be on differential rate basis, lower fee for small units and higher fee for medium ones.

However, the user charges will graded in such a manner that average charges will be lesser than prevailing market prices, as decided by the Governing Council of the SPV.

The SPV members would given reasonable preference in user charges.

(vi) An MoU shall entered into among the GOI, the State Government concerned and the SPV for CFC projects

Financial Assistance

Maximum limit for the grant in aid under this category would be Rs 20.00 crore per cluster or 70% of the cost of project whichever is less.

The cost of project includes cost of land, building, administrative and management support expenses including the salary of CEO, engineers,

other experts and staff during the project implementation period, preliminary expenses, machinery & equipment, miscellaneous fixed assets and

other support infrastructure such as water supply, electricity and margin money for working capital.

Grant-in-Aid from GoI will not utilized towards land and building components of the project

Assistance for Administrative and other management support of SPV during

the project implementation period shall not exceed 5 % of the Grant-in-aid

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Promotion of Medical Devices Park Scheme

Guidelines of the Scheme “Promotion of Medical Devices Parks”

Promotion of Medical Devices Park Scheme Promotion of Medical Devices Park Scheme Promotion of Medical Devices Park Scheme subsidy for medical devices subsidy for medical devices

Objectives

  1. Creation of world class infrastructure facilities in order to make Indian medical device industry global leader. subsidy for medical devices
  2. Easy access to standard testing and infrastructure facilities through creation of world class Common Infrastructure Facilities for increased competitiveness will result into significant reduction of the cost of production of medical devices leading to better availability and affordability of medical devices in the domestic market Exploit the benefits arising due to optimization of resources and economies of scale.

Common Infrastructure Facility (CIF):

The Common facilities with capacity commensurate with the expected number and type of medical device manufacturing units in the park. Some of the indicative activities under the Common facilities/centres are:

 i. Component Testing Centre/ESDM/PCB/Sensors facility

 ii. Electra-magnetic interference & Electra Magnetic Compatibility Centre

iii. Biomaterial / Biocompatibility /Accelerated Aging testing centre iv. Medical grade moulding/milling/injection moulding/machining/tooling centre

 v. 3D designing and printing for medical grade products. vi. Sterilization/ETO/Gamma Centre

vii. Animal Lab and Toxicity testing centre

viii. Radiation testing centre, etc.

 ix. Radiology Tube/Flat Panel Detectors/MRI Magnets/ Piezo electrical crystals/power electronics facility

x. Solid waste management/ETP/STP/Electronic Waste management unit

 xi. Common Warehouse & Logistics (Clearing and Forwarding, Insurance, Transportation. Customs, Weighbridges, etc.) centre

xii. Emergency Response Centre/Safety/Hazardous Operations audit centre

 xiii. Centre of Excellence/Technology lncubator/ ITI/Training Centres

Medical Device Park:

 For the purpose of this Scheme, a Medical Device Park means a designated contiguous area of land with common infrastructure facilities for the exclusive manufacturing of medical devices. 3.3. Project cost: The cost of establishing CIF in the Medical Device Park.

Scope of the Scheme

This is a Central Sector Scheme.

  1. .Total financial outlay of the Scheme is Rs. 400 Crore.
  2. Four Medical Device Parks will be supported under the Scheme.
  3. Maximum grant-in-aid for one Medical Device Park will be limited to Rs 100 crore.
  4. The duration of the Scheme is from FY 2020-2021 to FY 2024-2025.
  5. Under the Scheme, a one-time grant-in-aid will be provided for creation of common infrastructure facilities in selected Medical Device Park proposed by a State Government.
  6. The Scheme will be implemented through a State Implementing Agency (SIA), a legal entity, set up by the concerned State Government.
  7. The grant-in-aid will be 70% of the project cost of the common infrastructure facilities. In case of North Eastern States and Hilly States (i.e. Himachal Pradesh, Uttarakhand, UT of Jammu & Kashmir and UT of Ladakh), the grant-in-aid will be 90% of the ClF
subsidy for medical devices
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Promotion of Bulk Drug scheme subsidy for bulk drug park Park scheme

Promotion of Bulk Drug Parks

Promotion of Bulk Drug Parks scheme Promotion of Bulk Drug Parks scheme Promotion of Bulk Drug Parks scheme subsidy for bulk drug park subsidy for bulk drug park

To promote setting up of bulk drug parks in the country for providing easy access to world class Common Infrastructure Facilities (CIF) to bulk drug units located in the park in order to significantly bring down the manufacturing cost of bulk drugs and thereby make India self-reliant in bulk drugs by increasing the competitiveness of the domestic bulk drug industry. Promotion of Bulk Drug Parks scheme subsidy for bulk drug park

To help industry meet the standards of environment at a reduced cost through innovative methods of common waste  management system.

Active Pharmaceutical Ingredient (API):

 Any substance or mixture of substances intended to be used in the manufacture of a drug (medicinal) product and that, when used in the production of a drug, becomes an active ingredient of the drug product. Such substances are intended to furnish pharmacological activity or other direct effect in the diagnosis, cure, mitigation, treatment, or prevention of disease or to affect the structure or function of the body.

Common Infrastructure Facility (CIF):

The Common facility with capacity commensurate with the expected number of manufacturing units in the bulk drug park, provided by the State Implementing Agency (SIA). Common facilities include:

 i. Central Effluent Treatment Plant(s) (CETP)

 ii. Solid waste management

 iii. Storm water drains network

 iv. Common Solvent Storage System, Solvent recovery and distillation plant

 v. Common Warehouse

vi. Dedicated power sub-station and distribution system with the necessary transformers at factory gate

 vii. Raw, Potable and Demineralised Water

viii. Steam generation and distribution system

 ix. Common cooling system and distribution network

 x. Internal road network, Compound Wall Note: The cost of these components (mentioned at serial no. x) shall not exceed 15% of the total project cost.

xi. Common logistics (Clearing and Forwarding, Insurance, Transportation, Customs, Weighbridges, etc.)

xii. Advanced laboratory testing Centre, suitable for even complex testing/ research needs of APIs, including microbiology laboratory and stability chambers

xiii. Emergency Response Centre

xiv. Safety! Hazardous operations audits centre

xv. Centre of Excellence:

 a) Regulatory awareness facilitation Centre

 b) Technology business incubator

 c) Intellectual Property Rights management services

 d) Process! technology development laboratory! Research Laboratory! with pilot plants run by eminent scientists with track record of such competitive technology development for import substitution

e) Industry Academia linkage Centre

 f) Training centre Bulk Drug Park: For the purpose of this Scheme, a bulk drug park means a designated contiguous area of land with common infrastructure facilities for the exclusive manufacture of APIs or Dis or KSMs.

Scope of the Scheme

 1. This is a Central Sector Scheme.

2. Total financial outlay of the Scheme is Rs. 3000 Crore.  

3. Three bulk drug parks will be supported under the Scheme.

4. Maximum grant-in-aid for one bulk drug park will be limited to Rs 1000 crore.

5. The duration of the Scheme is from FY 2020-202 1 to FY 2024-2025.

6. Under the scheme, a one-time grant-in-aid will be provided for creation of common infrastructure facilities in selected Bulk Drug Park proposed by a State Government.

7. The scheme will be implemented through a State Implementing Agency (SIA), a legal entity, set up by the concerned State Government.

8. The grant-in-aid will be 70% of the project cost of the common infrastructure facilities (CIF). In case of North Eastern States and Hilly States (i.e Himachal Page 3 of 3:1. Pradesh, Uttarakhand, UT of Jammu & Kashmir and UT of Ladakh), the grantin-aid will be 90% of the common infrastructure facilities.

 9. The Formulation units shall not be permitted in the Park.

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Production Linked incentive scheme for steel subsidy for steel manufacturing

Production Linked Incentive (PLI) Scheme for Specialty Steel

Production Linked incentive scheme for steel Production Linked incentive scheme for steel PLI scheme for steel sector PLI scheme for steel sector

Objectives of PLI Scheme for Steel sector

The objective of PLI scheme for ‘speciality steel’ is to promote manufacturing of specialty steel grades within the country by providing financial incentives. Presently the country operates at the low end of value chain in steel manufacturing PLI scheme for steel sector

The PLI incentive is expected to boost the domestic production of specialty steel by,


• attracting significant investment
• infusing technology and know-how
• promoting exports.

The total outlay will be ₹6,322 crore.

Incentive under the scheme will be provided for a maximum period of five (5) years.
The first incentive will be payable from 2023-24 based on the commercial production of 2022-23.   

The scheme covering Specialty steel grades shall be applicable for the following five (05) indicative product categories:
i. Coated/Plated Steel Products
ii. High Strength/ Wear resistant Steel
iii. Specialty Rails
iiii. Alloy Steel Products and Steel wires
v. Electrical Steel

Eligibility

A company registered in India under the companies Act 2013, that is engaged in manufacturing of the identified “Specialty steel” grades, subject to the input material being melted and poured within the country using iron ore/scrap/sponge iron/pellets etc. shall be eligible to apply for incentive under the scheme. End to end manufacturing will thus take place within the country.

Scheme Benefits

 Baseline (2019-20)  Projected (2026-27)  In % 
VolumeValueVolumeValue 
(Million tonnes)(Rs. Cr)(Million tonnes)(Rs. Cr) 
Production17.697,28742.22,42,838140%
Import3.729,2560.97355-76%
Export1.69,4745.533,024244%

• 

Projected production of the identified ‘specialty steel’ grades is expected to more than double by 2026-27. (Baseline production is 17 million tonnes, projected production is 42 million tonnes).
• Projected export (in volume) is expected to become more than 3 times the present volume.
• import (in volume) is expected to reduce by 4 times.
• An expected investment of ₹39,625 crore by 2029-30 in ‘specialty steel’.

Calculation

Incentive is calculated based on the incremental production which is multiplied by the incentive slab as applicable and the weighted average sales price of the product. For example,
A = Incremental sales in current year with reference to previous year or the base year whichever is higher

B = Weighted Average sale price (net of taxes) in current year
C = Weighted Average sales price (net of taxes) in the base year (2019-20)
Incentive = (A/B) x (B or C, whichever is lower) x (PLI rate as applicable)/100
*Current year means the year for which PLI has been claimed.

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Rural Infrastructure Development Fund

rural Infrastructure Development Fund rural Infrastructure Development Fund rural Infrastructure Development Fund RIDF scheme RIDF scheme

Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs.2,000 crore. With the allocation of Rs.29,848 crore for 2020-21 under RIDF XXVI, the cumulative allocation has reached Rs.3,78,348 crore, including Rs. 18,500 crore under Bharat Nirman. RIDF scheme rural Infrastructure Development Fund

Eligible Activities

At present, there are 37 eligible activities under RIDF as approved by GoI. (Annexure I). The eligible activities are classified under three broad categories i.e.

Agriculture and related sector

Social sector

Rural connectivity

Annexure I – Eligible Activities

Eligible Institutions

State Governments / Union Territories

State Owned Corporations / State Govt. Undertakings

State Govt. Sponsored / Supported Organisations

Panchayat Raj Institutions/Self Help Groups (SHGs)/ NGOs

{provided the projects are submitted through the nodal department of State Government (i.e Finance Department) }

Mode of Finance

NABARD releases the sanctioned amount on reimbursement basis except for the initial mobilisation advance @30% to North Eastern & Hilly States and 20% for other states.

Quantum of Loan and Margin/Borrower Contribution

The project for rural connectivity, social and agri-related sector, are eligible for loans from 80 to 95% of project cost. Cost escalation proposals for certain genuine reasons are consider within two years of sanction. i.e

Rate of interest:

With effect from 01 April 2012, the interest rates payable to banks on deposits placed with NABARD and loans disbursed by NABARD from RIDF have linked to the Bank Rate prevailing at that point of time.

Repayment period:

Loan to be repaid in equal annual instalments within seven years from the date of withdrawal, including a grace period of two years. The interest shall paid at the end of each quarter i.e. 31 March, 30 June, 30 September and 31 December every year, including grace period.

Penal Interest:

Interest on the overdue interest amount is to paid at the same rate as applicable to the principal amount.

Security for Loan:

Loans sanctioned would secured by the irrevocable letter of authority/mandate registered with Reserve Bank of India/any other Scheduled Commercial Bank, Time promissory Note(TPN), Execution of unconditional Guarantee from State Governments

(Additionally required for support to State Government sponsored organisations, etc.) and acceptance of terms and conditions of sanction in the duplicate copy of the sanction letter.

Phasing of RIDF projects:

The implementation phase for projects sanction is spread over 2-5 years, varying with type of the project and location of the State.

Additional Information

Cumulative Sanctions and Disbursements

Below is the list of annual and monthly cumulative sanctions and disbursements under RIDF

Monthly

Annual

Monitoring mechanism for RIDF Projects

Evaluation Studies

Rural Infrastructure Promotion Fund (RIPF)

Long Term Irrigation Fund

Ongoing Projects

Completed Projects

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Production Linked incentive scheme for steel subsidy for steel manufacturing

Production Linked Incentive (PLI) Scheme for Specialty Steel

PLI Scheme For Steel sector PLI Scheme For Steel sector PLI Scheme For Steel sector subsidy for steel manufacturing subsidy for steel manufacturing subsidy for steel manufacturing

Objectives of PLI Scheme for Specialty Steel

The objective of PLI scheme for ‘speciality steel’ is to promote manufacturing of specialty steel grades within the country by providing financial incentives. Presently the country operates at the low end of value chain in steel manufacturing subsidy for steel manufacturing

The PLI incentive is expected to boost the domestic production of specialty steel by,


• attracting significant investment
• infusing technology and know-how
• promoting exports.

The total outlay will be ₹6,322 crore.

Incentive under the scheme will be provided for a maximum period of five (5) years.
The first incentive will be payable from 2023-24 based on the commercial production of 2022-23.   

The scheme covering Specialty steel grades shall be applicable for the following five (05) indicative product categories:
i. Coated/Plated Steel Products
ii. High Strength/ Wear resistant Steel
iii. Specialty Rails
iiii. Alloy Steel Products and Steel wires
v. Electrical Steel

Eligibility

A company registered in India under the companies Act 2013, that is engaged in manufacturing of the identified “Specialty steel” grades, subject to the input material being melted and poured within the country using iron ore/scrap/sponge iron/pellets etc. shall be eligible to apply for incentive under the scheme. End to end manufacturing will thus take place within the country.

Scheme Benefits

 Baseline (2019-20)  Projected (2026-27)  In %
VolumeValueVolumeValue
(Million tonnes)(Rs. Cr)(Million tonnes)(Rs. Cr)
Production17.697,28742.22,42,838140%
Import3.729,2560.97355-76%
Export1.69,4745.533,024244%

• Projected production of the identified ‘specialty steel’ grades is expected to more than double by 2026-27. (Baseline production is 17 million tonnes, projected production is 42 million tonnes).
• Projecte export (in volume) is look for to become more than 3 times the present volume.
• import (in volume) is to reduce by 4 times.
• An expected investment of ₹39,625 crore by 2029-30 in ‘specialty steel’.

Calculation

Incentive is calculated based on the incremental production which is multiplied by the incentive slab as applicable and the weighted average sales price of the product. For example,
A = Incremental sales in current year with reference to previous year or the base year whichever is higher

B = Weighted Average sale price (net of taxes) in current year
C = Weighted Average sales price (net of taxes) in the base year (2019-20)
Incentive = (A/B) x (B or C, whichever is lower) x (PLI rate as applicable)/100
*Current year means the year for which PLI has been claimed.

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Maharashtra State Innovative Start-Up Policy 2018

Objectives

  • Provide a platform and nurture the entrepreneurial aspirations amongst the citizens of Maharashtra  
  • Empower start-ups to contribute significantly to Maharashtra’s economic growth andØ create employment opportunities for all sections of society  
  • Develop robust infrastructure and ease the regulatory framework to spur theØ development of the start-up ecosystem
  • Over a period of five years i.e. 2018 to 2023

Features

the digital mantra and the ‘e’ word buzzing across the globe, GoM will develop an online portal and a mobile app for easy access to all the relevant information related to the start-up ecosystem including the list of investors, mentors and various other facilities. This policy will help Maharashtra L-E-A-P-F-R-O-G into a premier start-up destination.

1. Lighten Regulatory Compliance

the benefits being provided by GoM, Start-ups ought to fulfil the eligibility criteria and should be registered with the GoM. Support will be provided to Start-ups across stages i.e. early/ idea/seed stage, growth stage and mature stage. One possibility is to create an organisation which may allow different start-ups to commence operations as an independent vertical and then to spin off after maturity

1.1. Self-Certification

The procedure for conducting inspections will be made simpler and will be on the lines of Start-up India: Action Plan. Start-ups shall be permitted to file self-certification in prescribed format for select government compliances. No inspections shall be conducted for a period of seven years. Start-ups will also be able to do the Self-Certification through the mobile app/porta

1.2. Relaxing of Laws

Local laws shall be looked into with the view of relaxing some norms to allow easy compliances and gradually the State will progress towards relaxing the full-fledged norms. The Maharashtra Shops and Establishment Act shall be relaxed to allow start-ups with assetlight models to incorporate at a residential address.

1.3. Compensation for Stamp Duty & Registration Fees

For recognized incubators or start-ups that wish to rent space/property, 100% of stamp duty and registration fee may be compensated for first three years and 50% for the second tranche of three years

1.4. Assistance in Patent Filing Often start-ups are initiated by young people having very limited or no prior knowledge about various formalities including the Intellectual Property Rights (IPR). To sustain in this competitive world it is essential that they protect their IPRs. With limited manpower and resources, Start-ups are unable to protect their IPRs. GoM will ensure that these start-ups sustain by providing assistance in filing of Patents, Trademarks and Designs. Both technical and financial assistance will be provided to the Start-ups to withstand in this competitive world. Start-ups shall be provided with an 80% rebate in patent filing costs up to INR 2 lakhs for Indian patents and up to INR 10 lakhs for international patents.

2. E-connect the Ecosystem

The Start-up ecosystem is comprised of entrepreneurs, mentors, investors, industries, educational institutes, service providers, funding organizations and research organizations. There is a dire need to connect these stakeholders together to ensure there is sufficient flow of information and knowledge sharing. Young aspirants not only need financial assistance but also require technical expertise and learnings from experienced entrepreneurs to succeed in their current venture

3. Augment Infrastructure

The GoM will assist in providing world-class infrastructure facilities to emerge as one of the premier states in attracting Start-ups to Maharashtra. This section details out various initiatives that will be taken by the State to augment infrastructure for Start-ups, Incubators, Accelerators, Centres of Excellence, and Start-up Parks in Maharashtra.

3.1. Setting up Innovation

Clusters The GoM would leverage the strength bestowed upon various cities across the State and simultaneously build on it. Each State of Maharashtra has its own forte like Mumbai is the financial hub as well as a leader in AVGC segment. Pune has its strength in Auto & Electronics industry as well as Hardware products, Aurangabad has attracted leading manufacturing industries. Thus, based on existing and potential regional economic advantages, urban local bodies and the local industries will work together to nurture sector-specific start-ups and establish major urban/rural areas as innovation clusters.

3.2. World Class Incubators through Collaborations

 The GoM shall support development of incubators on a Private, Public or Public-Private Partnership (PPP) mode in collaboration with higher educational institutions, R&D institutions, and the corporate sector. The GoM will collaborate with both national and international accelerators and incubators to develop world-class facilities and enable cocreation/ collaboration programs to learn from such ecosystems. This is critical for holistic growth of emerging start-ups. The incubators will be required to be incorporated as a Special Purpose Vehicle (SPV), either a Section 8 company or a private limited company registered under the Companies Act, 2013. The SPVs will not be allowed to incorporate as trusts or societies.

3.2.1. Academic

Universities/Colleges/Polytechnics/ITIs with a demonstrated history of innovation on campus will be identified and business incubators will be established within their premises. These incubators will have an independent board to oversee its functioning and existing incubators at premier academic institutions will mentor the upcoming facilities

3.2.2. Research

Three cluster-specific Centres of Excellence (CoEs) will be established in premier research institutions in the state. State would build partnerships at the global level to ensure that these CoEs not only provide world-class infrastructure facilities but also world-class services and guidance to the start-ups at various stages of growth. Each CoE will be connected to an academic/private incubator

3.2.3. Private

The State will provide support to leading corporates, industries and industry associations to establish incubation facilities specializing in their domain. Private firms will be encouraged to establish sector agnostic co-working spaces. Whenever any government department or a government agency allocates any land for any industry or provide extra FSI over and above of base FSI on the land owned by any industry, it should be mandated that the industry shall promote and mentor the start-ups and also undertake minimum 10% product or service procurement from these start-ups

3.2.4. Rural & Social

The State will play a facilitative role between entrepreneurs and innovators especially in the social enterprise space. This is crucial because innovators invest on improving the kind of product/service that should reach market but entrepreneurs take these innovations as products to the market. To ensure that the rural and social sector start-ups focus on their business ideas, the State will provide scholarships to select promising social and rural startups by providing rental rebates of up to 50% at incubators/co-working spaces.

 4. Funding Start-Ups

To ensure seamless and uninterrupted growth of start-ups, adequate funding support will be provided to the start-ups across stages i.e. early/seed stage, growth stage and mature stage to ensure holistic growth of the entire ecosystem. Start-ups that would qualify for the eligibility conditions in Maharashtra and who are registered at the portal will be entitled to receive grants and financial assistance. The State envisages to develop a self-sustaining financial model for the start-ups in Maharashtra.

4.1. Fund-of-Funds

A fund-of-funds will be established with an initial corpus of ₹100 Crore and a total corpus of ₹500 Crore over a period of four years. Investments will be made in SEBI-registered funds including early stage i.e. angel and seed funds. A professional investment management team will be recruited for

4.2. Infrastructure Fund

The State will institute an Infrastructure Fund to provide assistance to academic incubators, CoEs, and tinkering labs to cover capital and operational expenditures in the establishment and/or expansion of facilities. Special infrastructure like cloud, internet etc. may be made available through various service providers.this purpose. Certain risks of primary funds may be hedged using this fund of funds to cover the cost of funds for concerned start-ups.

4.3. Crowdfunding

 Social entrepreneurs comes with a very different set of problems and hence, the cost for bringing their product/service into market/doorstep is very high as compared with commercial enterprises. The social enterprises in India require a huge amount of long-term capital and have long gestation period. The State will provide vital financial support to the Social sector start-ups4 . They may receive grants matching the contributions raised on verified online crowdfunding platforms, up to INR 5 lakhs. The number of individual donors must exceed 100.

4.4. Corporate Social Responsibility

The State will encourage private and public corporations to utilize CSR funds towards supporting academic incubators/accelerators/CoEs/Start-up parks.

4.5. Alternative Investment Mechanism

 An alternative investment mechanism would be established in Maharashtra which would allow start-ups to float their shares in more flexible ways that may enable investments in various modes, scales and lock-in periods. This would increase the base of possible investors in start-ups to whole of society at lower scales and would attract investors from across the world at higher scales

subsidy for sugarcane Irrigation

Drip Irrigation for Sugarcane

subsidy for sugarcane Irrigation subsidy for sugarcane Irrigation subsidy for sugarcane Irrigation

Government of Maharashtra is giving focus on drip irrigation while issuing new water lifting permissions. Moreover, subsidy is extended to the extent of 60 % to the farmers having agriculture land up to 5 acres and 50 % to the farmers having agriculture land above 5 acres. It is now established that use of drip irrigation in raising sugarcane crop increases yield about 20-25 tons per ha. The use of drip system also helps in saving energy consumption to the extent of 40% and water about 50%

Selection of the area

Nagpur District is rain fed area and has great potential for drip irrigation as one of the important crop grown here is sugarcanes. Hence the whole of Nagpur district is targeted for the proposed area development scheme for drip irrigation as it not only help in saving precious water resources but would also enhance agri. productivity from the region andcontribute to great extent in mitigating prevailing agrarian crises. We may select 2 blocks i.e. Umred and Hingana as these blocks are having 90% of sugarcane production in the district

Selection of beneficiaries

The primary criteria for selection of beneficiary for drip irrigation would be those farmers having dug well or other permanent source of water in or at vicinity from their fields. The marginal and small farmers especially from backward and tribal classes given priority along with women headed families, and destitute /widow women in selection of beneficiary under this scheme.

Forward and backward linkages

Forward linkages – increased agri productivity, diversified crop production, markets, industries (small and cottage), value addition, agri processing units etc

 Backward linkages – increased wage labour, availability of wage labour opportunities, skill enhancement, access and increased credit facilities, reduction in drudgery of women, gender equality, etc

Training / Capacity building of the beneficiaries

The supplier and respective company providing drip irrigation sets shall orient the beneficiaries regarding the operation and maintenance of the drip irrigation units.

Techno economic assumptions & project components

The small and marginal farmers from the region are supposed to benefitted under the proposed activity as they entitled to drip irrigation units with a subsidy of 50%. The drip irrigation

system would be helpful in cultivation of cotton crop and would further help the small and marginal farmers in increasing their agricultural productivity

Subsidy:

Subsidy is available under the Maharashtra Micro Irrigation Project scheme subsidy pattern will as per operational guidelines of National Mission on Micro Irrigation (NMMI) which is indicate below

Type of BeneficiaryIndicative cost depending on the Lateral Spacing per haSubsidy %Remarks
Small and marginal farmers18820 to 9759860%Upper limit of subsidy upto 5 ha. per beneficiary
Other Farmers (General)18820 to 9759850%


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