Stamp Duty

• Stamp Duty Exemption: Eligible units will be provided 100% exemption from stamp duty. The exemption will be granted against a bank guarantee of equivalent amount, which will be released upon commencement of commercial production.

Land Cost

• Stand-alone footwear, leather products and machinery units in Madhyanchal, Purvanchal and Bundelkhand will receive land cost grant up to 35%.
• In Western UP (Paschimanchal / “Paschimanchal” / “Western UP”), the grant is 25%.
• Mega anchor units and clusters get higher subsidies: up to 80% grant in backward areas (Madhyanchal/Purvanchal/Bundelkhand) and 75% in Western UP / Paschimanchal.
• The land subsidy is applicable only if land is acquired from industrial authorities / state government institutions / clusters under the policy.
• Note: When land subsidy is availed, the cost of land is excluded from future capital subsidy calculations.