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

Download Uttarakhand EV Policy 2018 (PDF)