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UP TEXTILE AND GARMENTING POLICY 2022 - SUBSIDIES & INCENTIVES
Subsidy on Plant & Machinery (Max 4 Crore Per Unit)
Micro, small and medium enterprises situated in Gautam Bhddh Nagar (Noida, Greater Noida, and YEIDA) are eligible for capital subsidy on new/expansion of Plant & Machinery under UP-MSME POLICY 2022. They can get a Capital Subsidy of 10%–20%.
Eligibility:
- All new/expansion units with investments after 28-09-2022
- All MSME manufacturing units
- Units engaged in manufacturing-related services like CFC, CETP, R&D
- Production must have started after 28-09-2022
- Units that have increased gross block by 25% and production capacity
Amount of Subsidy: Maximum 4 Crore per Unit
Required Documents: Please connect with the Company Adda Team.
How We Can Help
We provide services only in Noida, Greater Noida, and YEIDA. Our team assists with application filing and document preparation as per the UP-MSME Policy 2022. We file the application on your behalf.
Who Will Grant the Subsidy
Eligible enterprises will receive the subsidy from the UP Government under MSME Policy 2022. The government reserves the right to cancel the application if documents are missing or do not meet the criteria.
Subsidy on DG Set
Micro and small industrial units situated in Gautam Bhddh Nagar (Noida, Greater Noida, and YEIDA) are eligible for capital subsidy on installing generators based on gas dual fluid mode under UP-MSME POLICY 2022.
Eligibility:
- Micro and Small Units for procurement/upgradation of generator
- Must follow CAQM guidelines
- Date of purchase must be after 27-09-2023
- MSME status as per latest UDYAM
Amount of Subsidy:
Maximum: 20 Lacs based on the following slabs:
| Particular | DG Cost up to 10 Lacs | 10 Lacs to 40 Lacs | Above 40 Lacs |
|---|---|---|---|
| Micro Units | 50% or 5 Lacs (whichever is lower) | 40% or 10 Lacs (whichever is lower) | 25% or 20 Lacs (whichever is lower) |
| Small Manufacturing Units | 40% or 5 Lacs (whichever is lower) | 30% or 10 Lacs (whichever is lower) | 20% or 20 Lacs (whichever is lower) |
| DG Type | Gas, Bio or Diesel (as per NGT Approval) | ||
Required Documents: Please connect with the Company Adda Team.
How We Can Help
Services available only in Noida, Greater Noida, and YEIDA. Our team will help file the application and gather documents as per policy. We handle the complete application process.
Who Will Grant the Subsidy
The UP Government will provide the subsidy as per MSME Policy 2022. They may cancel applications if any documents are missing or invalid.
Stamp Duty Exemption
Available under MSME Policy 2022.
Other Subsidies under MSME Policy 2022
- Interest Subsidy
- Infrastructure Interest Subsidy
- Stamp Duty Exemption
- Technical Upgradation
- Subsidy on Export Cargo sent by Air
- Freight Charges Subsidy (up to Gateway Port) – Max 20 Lacs/Unit/Year
- ...and many more
Please connect with the Company Adda team for more information.
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