Incentives to Medium / Mega / Large Scale Industries

Introduction :

  • TIIC has been nominated as Nodal Agency for considering State Capital (Back-ended) Subsidy for all Non-MOU projects (both assisted and non-assisted units of TIIC / own fund projects) whose investment is upto Rs.300 crores.

  • A gist of information of eligibility critieria, etc. is given below for quick reference

  • All the eligible units may download the prescribed application and submit the duly filled-in application along with enclosures directly to Loans Monitoring Department at Head Office.

Eligible Beneficiary :

  • New manufacturing industrial units

  • Units which have not availed subsidy/grant against the proposal for the same purpose and activity from the Central Government Department/Ministry/Agencies/State Government

  • Units undertaking expansion by investing Rs.200 crores and above

  • Units located anywhere in Tamilnadu irrespective of location, satisfying the eligibility norms are eligible.

Type of units to be covered under the scheme:

  • New manufacturing units

  • The industrial units set up in Tamilnadu for the first time by the existing companies having manufacturing units in other states.

  • Units undertaking expansion by investing more than Rs.200 crores.

  • New manufacturing facilities set up by an existing company in a new site or in an adjacent vacant site within existing facility for manufacturing a product already manufactured in the existing unit or an entirely new product would be treated as a new unit for the purpose of Incentives under the policy subject to production volume/value in the older unit being preserved.

 Investment Period :

            The investment made on eligible fixed assets during 3 years period prior to the date of commencement of commercial production will be considered for computing the investment made in the project.

Quantum of Subsidy :

  • New units investing between Rs.5 crores and 50 crores and employing more than 100 direct workers would be eligible for a capital subsidy of Rs.30 lakhs.

  • New units investing between Rs.50 crores and 100 crores and employing more than 200 direct workers would be eligible for a capital subsidy of Rs.60 lakhs.

  • New units investing between Rs.100 crores and 200 crores and employing more than 300 direct workers would be eligible for a capital subsidy of Rs.100 lakhs.

  • New as well as expansion units investing Rs.200 crores and above and employing more than 400 direct workers would be eligible for a capital subsidy of Rs.1.50 crores.

  • Manufacturing units located within a SIPCOT Industrial Park or SIPCOT SEZ or SIPCOT Industrial Estate or SIPCOT Industrial Complex or SIPCOT Growth Centre will be provided an additional 50% capital subsidy over and above the eligible limit.

  • Dedicated Effluent Treatment Plant (ETP) and/or Hazardous Treatment Storage and Disposal Facility (HWTSDF) set up by individual manufacturing units would be eligible for Environment Protection Infrastructure subsidy of Rs.30 lakhs or 25% of capital cost of setting up of such ETP/HWTSDF whichever is less.

Eligible Projects:

               All manufacturing units other than those belonging to the following categories are eligible for subsidy:

  • Sugar Mills

  • Mineral water and aerated soft drinks

  • Alcoholic beverages

  • Ice cream and confectionary

  • Fertilizer and animal feed manufacture

  • Mining and beneficiation

  • Steel re-rolling, steel fabrication, stainless steel utensils

  • Tobacco processing, cigarette or beedi manufacture

  • Timber or wood processing

  • Service or repair facilities

  • Service sector

  • Any other industries as may be notified by Government

 For downloading application form with enclosures, please click here.


Page modified on 27.12.2013

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