Government of Uttar Pradesh has declared several benefits for MSMEs in its new MSME Policy 2022.
Eligibility:
- All new projects set up after 28 September 2022.
- Expansion of all existing projects after 28 Septemebr 2022.
Benefits:
- Capital Subsidy of upto 25% or Rs 4 Crore whichever is minimum. For Example if you are investing Rs 10 Crore in Plant and Machinary then you are eligible for subsidy of Rs 2 Crore.
- Subsidy amount varies regionwise and on amount of total investment.
- Women owned or SC /ST owned projects will get additional 2% capital subsidy.
- Micro Units with upto 1 Crore investment in plant and machinary will be eligible for interest subsidy of 50% for five years. For example if interest on your loan is Rs 50 Lakh per year than government will give you Rs 25 Lakh as subsidy per year.