Commerce & Industries Department, Government of Mizoram, India

State Government Incentives

Highlights of State Incentive Subsidy Schemes of MSME of the Mizoram Industrial Policy 2012

The investors/entrepreneurs to avail subsidy under different heads, needs to apply in prescribed application forms, available with the directorate on payment of Rs.50/- (each)

Name of subsidy

Eligibility

Amount Claimable

Subsidy on Cost of

Project Report

All new Industrial

Unit within 5 years of

existence

(i) 90 per cent in case of micro enterprises subject to a ceiling of Rs. 5,000/- per unit.

(ii) 75 per cent in case of small enterprises subject to a ceiling of Rs. 25,000/- per unit.

(iii) 50 per cent in case of medium

enterprises subject to a ceiling of Rs.50,000/- per unit.

Land Subsidy

New Industrial unit

established inside

Notified Industrial

Area within 5yrs of

existence.

(i) 25% of the lease charge/fee of allotted developed/undeveloped land will be subsidized for a period of 5 years unless the claimable amount is not adjusted at the time

of payment of such fee or charges.

(ii) 25% of the amount spent by the unit on development of undeveloped land allotted to

the unit will be subsidised.

Factory Rent Subsidy

New MSME

occupying the built

up factory sheds

within the declared

Industrial Area on

monthly/annual rent

basis for a period of

5yrs from the date

of commencement

of production

50 per cent of the duly assessed rent of factory Shed subject to a ceiling of Rs.30,000/- per unit per year.

Manpower

Development Subsidy

New and existing

Industrial units

50 per cent of the actual course fee for training subject to a ceiling of Rs. 10,000/- per trainee and Rs. 50,000/- per unit per year.

Interest Subsidy

New Industrial unit

i) The interest on loan paid by an industrial unit in excess of 8.5 per cent shall be subsidized up to a maximum of 4 per cent.

ii) Subsidy shall be limited to a claim on a total amount not exceeding Rs. 3,60,000/-

paid by an industrial unit towards interest on term loan in a full year. However, for working capital loan, the total amount paid towards interest on which subsidy can be

claimed shall be limited to Rs. 1,20,000/- in a full year.

iii) If the unit avail interest subsidy under NEIIPP, only the shortfall amount, if any, will be applicable for interest subsidy on

working capital loan.

Power Subsidy

New MSME for a

period of 5yrs from

the date of commencement of production

i) 60 per cent of total expenditure on power consumption in case of micro enterprises.

ii) 50 per cent of the total expenditure on power consumption in case of small enterprises.

iii) 30 per cent of the total expenditure on power consumption in case of medium enterprises.

Subsidy on Power

Line