The total industrial investment promotion incentives provided under this package can be up to 100 percent of the amount invested in the project's Fixed Capital Investment.
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Chhattisgarh Large Industry Investment Promotion Package 2024-30
Are you a major corporation or industrial house planning a large-scale manufacturing investment or significant expansion in Chhattisgarh? The state's Industrial Development Policy 2024-30 introduces the Industrial Investment Promotion Package, offering powerful incentives—up to 100% of your project's Fixed Capital Investment (FCI)—to anchor large enterprises in core and thrust sectors.
Unique Group specializes in managing high-value industrial subsidies, ensuring your large enterprise maximizes every concession, reimbursement, and exemption available under this robust Chhattisgarh government scheme.
This package is tailored for eligible new Large Manufacturing Enterprises and existing large units undertaking expansion, diversification, substitution, or modernization in both General and Thrust sectors across Chhattisgarh's developmental blocks.
The incentives are strategically structured to provide substantial support across capital outlay, taxation, utilities, and employment, positioning your large project for long-term fiscal advantage.
Key Benefits and Subsidy Components
1. Net State Goods and Services Tax (Net SGST) Reimbursement OR Fixed Capital Investment Subsidy
Note: An investor must make an irrevocable choice between one of these two key benefits and submit an option letter with an affidavit.
A. Net SGST Reimbursement
|
Category of Developmental Blocks |
General Enterprise (Reimbursement Period) |
General Enterprise (Maximum Limit of FCI) |
Thrust Enterprise (Reimbursement Period) |
Thrust Enterprise (Maximum Limit of FCI) |
|
Group-1 |
Up to 6 years |
Max up to 60% |
Up to 8 years |
Max up to 100% |
|
Group-2 |
Up to 7 years |
Max up to 80% |
Up to 10 years |
Max up to 100% |
|
Group-3 |
Up to 8 years |
Max up to 100% |
Up to 12 years |
Max up to 100% |
B. Fixed Capital Investment Subsidy
|
Development Block Group |
Enterprise Category |
% Subsidy on FCI |
Maximum Limit (in Crores) |
Subsidy Distribution Period |
|
Group-1 |
General |
15% |
₹50 Cr |
10 years, in equal annual installments |
|
Thrust |
30% |
₹100 Cr |
8 years, in equal annual installments |
|
|
Group-2 |
General |
15% |
₹60 Cr |
10 years, in equal annual installments |
|
Thrust |
30% |
₹125 Cr |
8 years, in equal annual installments |
|
|
Group-3 |
General |
15% |
₹75 Cr |
10 years, in equal annual installments |
|
Thrust |
30% |
₹150 Cr |
8 years, in equal annual installments |
2. Interest Subsidy (Thrust Sector Only)
- Eligibility: New and expanding/diversifying enterprises under Thrust sectors.
- Rate & Term: 40% of the interest paid OR 5% interest rate (whichever is lower), for a period of 5 years from the date of commercial production.
- Maximum Limit: Up to ₹25 crore per annum.
3. Electricity Duty Exemption (New Enterprises Only)
|
Development Block Group |
General Enterprise (Duration of Full Exemption) |
Thrust Enterprise (Duration of Full Exemption) |
|
Group-1 |
6 years |
8 years |
|
Group-2 |
7 years |
10 years |
|
Group-3 |
8 years |
12 years |
Note: For expansion/diversification, the exemption is proportional to the additional investment made.
4. Other Key Exemptions, Reimbursements, and Concessions
|
Incentive Type |
Eligibility & Details |
|
Stamp Duty Exemption |
Complete Exemption on executed deeds for purchase/lease of land, sheds, and buildings, including related land lease deeds, for new and expanding enterprises. |
|
Registration Fee Reimbursement |
50% reimbursement of the registration fee payable on the land for new and expanding enterprises. |
|
Land Use Conversion Fee Exemption |
50% exemption on land use conversion fees (diversion fees) for up to a maximum of 50 acres of land for new and expanding enterprises. |
|
E.P.F. Reimbursement |
75% reimbursement of the EPF contribution for Chhattisgarh domicile employees for 5 years. Maximum limit of ₹1 crore per year. |
|
Mandi Fee Exemption |
Complete Exemption for 5 years (max annual limit ₹5 Cr, total max 75% of FCI) for new enterprises in agricultural/food processing and biofuel/ethanol sector. |
|
Employment Subsidy (Special Categories) |
40% reimbursement of net salary/remuneration (max ₹5 lakh annually for 5 years) for providing permanent employment to persons with disabilities, retired Agniveers, and surrendered Naxal individuals from the state. |
|
Training Stipend Reimbursement |
Reimbursement of one month's salary or up to ₹15,000 per person (whichever is lower) for Chhattisgarh domicile employees earning < ₹50,000/month. Duration: 5 years or up to 100% of FCI. |
|
Combined Other Subsidies Limit |
Subsidies like Project Report, Quality Certification, Technical Patent, Technology Purchase, Water/Energy Efficiency, and Transportation Subsidy are available at standard rates, but subject to a combined maximum limit of 2% of the fixed capital investment |
|
Special Industrial Investment Promotion |
Units investing ₹1,000 crore or more or providing employment to 1,000 or more individuals may be considered for additional incentives beyond the declared policy by the Cabinet Sub-Committee. |
Why Choose Unique Group for Industrial Subsidy Consulting?
Navigating the high-stakes environment of large industry investment requires specialized expertise. The selection between SGST Reimbursement (up to 12 years) and Fixed Capital Subsidy (up to ₹150 Cr) is a strategic decision that shapes your project's fiscal outcome for over a decade.
Unique Group is the consultant of choice for major industrial players seeking support in states like Chhattisgarh, Gujarat, Maharashtra, Tamil Nadu, and Karnataka because we offer:
- 15 Years of High-Value Consulting: Our proven track record is built on successfully securing complex, multi-crore subsidies, including the specific Thrust Sector Interest Subsidy (up to ₹25 Cr per year) and the substantial EPF Reimbursement (up to ₹1 Cr per year).
- Strategic Investment Structuring: We provide expert guidance on structuring your investment to qualify for the maximum incentives, particularly the Special Industrial Investment Promotion for units exceeding the ₹1,000 Crore investment threshold.
- Deep Local & National Reach: Our consultants are geo-targeted to understand the local regulatory nuances across major Indian industrial hubs and high-growth regions like Raipur, Bilaspur, and Durg in Chhattisgarh, providing a localized advantage in securing approvals.
- End-to-End Compliance: We manage every phase, from the initial irrevocable option selection to the staggered annual installment claims for the Fixed Capital Subsidy over 8 to 10 years.
Frequently Asked Questions (FAQs)
-
What is the maximum percentage of Fixed Capital Investment (FCI) that can be reimbursed under this package?
-
How long is the Net SGST Reimbursement period for a Thrust Enterprise in a Group-3 developmental block?
A Thrust Enterprise in a Group-3 developmental block is eligible for Net SGST Reimbursement for up to 12 years from the date of commencement of commercial production, with a maximum limit of 100% of the FCI.
-
What is the maximum financial limit for the Fixed Capital Investment Subsidy for a Thrust Enterprise?
The maximum limit for the Fixed Capital Investment Subsidy is ₹150 Crore for a Thrust Enterprise established in a Group-3 developmental block. This subsidy is distributed over 8 years in equal annual installments.
-
What is the key incentive provided for employees from Chhattisgarh in large enterprises?
New large enterprises are eligible for a 75% reimbursement of the EPF contribution for employees who are domicile of Chhattisgarh, available for 5 years, up to a maximum of ₹1 crore per year.
-
What are the combined maximum limits for other miscellaneous subsidies like Project Report and Patent?
Subsidies such as Project Report, Quality Certification, Technical Patent, Technology Purchase, Water/Energy Efficiency, and Transportation Subsidy are subject to a combined maximum limit of 2% of the fixed capital investment.