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Uttarakhand Electric Vehicle Manufacturing, EV Usage promotion, and Related Services Infrastructure Policy 2018
Uttarakhand Electric Vehicle Manufacturing, EV Usage promotion, and Related Services Infrastructure Policy 2018: Here are the Incentives & Subsidies Details for EVs
Interest Subsidy under Uttarakhand EV Policy
Applicable for 5 years from the date of commercial production, on the term loans availed from the scheduled bank/financial institutions. rate of subsidy to be administered as Below:
- MSME- as per MSME Policy 2015 ( as amended in 2018)
- for investment between 10 to 50 core- as per heavy industrial investment and employment promotion policy 2018 ( as amended in 2018)
- for investment above 50 crore- as per mega industrial and investment policy 2015
Electricity Duty Exemption
- 100% for 5 years from the date of commercial production
EPF reimbursement
- 50% reimbursement for 10 years with a ceiling of 2 crores for units employing 1000 or more skilled/semi-skilled labour on a full-time basis.
Stamp Duty Exemption
- MSME- as per MSME Policy 2015 ( as amended in 2018)
- for investment between 10 to 50 core- as per heavy industrial investment and employment promotion policy 2018 ( as amended in 2018)
- for investment above 50 crore- as per mega industrial and investment policy 2015
SGST Reimbursement
- for MSME & Large ( investment up to 50 crores) 30% for 5 years after adjustment of input tax credit
- for investment above 50 crore – 50% for 5 years
Concession of land cost in SIIDCUL Industrial Area
- for investment between 10 to 50 core- as per large industrial investment and employment promotion policy 2018
- for investment above 50 crore- as per mega industrial and investment policy 2015
Environment Protection Incentives
- for investment between 10 to 50 core- as per heavy industrial investment and employment promotion policy 2018 ( as amended in 2018)
- for investment above 50 crore- as per mega industrial and investment policy 2015
Electric Vehicle Mobility Incentives under Uttarakhand EV Policy
- 100 % Exemption of stage carriage permit for commercial vehicles for 5 years from the date of registration
- 1000% exemption from paying motor yan tax for 5 years from the date of registration
Incentives for Skill Development
- For organisations imparting skill development training in EV/HEV components manufacturing will be entitled to training reimbursement of INR 1000 per month for 50 trainees