The Tamilnadu Industrial Investment Corporation Ltd
(A Government Of Tamil Nadu Undertaking)
Funding Success...

Subsidy/Incentives for Medium / Large / Mega Industries.

Back Ended Capital Subsidy, Environmental Protection Infrastructure Subsidy and Soft Loan / Investment Promotion Subsidy:
Purpose
  • Granting Subsidy /Incentives for the investment made towards land, building, plant and Machinery, environment protection infrastructure equipments and Soft Loan /Investment  promotion subsidy for net output  VAT + CST paid to the Government for the Medium / Large / Mega projects set up in Tamil Nadu.
Eligibility
  • Investment in Eligible Fixed Assets ranging from Rs.5.00 crore to Rs.300.00 crore.
  • Direct Employment ranging from 100 to 300 employees.
  • Investment period ranging from 2 to 4 years.
Subsidy Amount
  • Backended Capital subsidy: Ranging from Rs.0.30 crore  to Rs.1.50 crores.
  • Environmental Protection Infrastructure Subsidy:  Rs.30.00 lakhs or 25% of capital cost to set up ETP and/or HWTSDF plant whichever is less. 
Additional Capital Subsidy
  • Additional Capital Subsidy /Incentives, ranging from 10% to 100%, over and above the eligible subsidy amount depending upon the location of the unit.
Soft Loan / Investment Promotion Subsidy for Net output  VAT + CST paid to the Government 

Depending upon the location of the unit, Soft Loan / Investment Promotion subsidy will be given for 10 years from the date of commencement of commercial production with a ceiling of 100% of investment made in Eligible Fixed Assets within the investment period. 

 

List of enclosures (whichever is applicable) to be submitted:

(all copies shall be duly attested by the Statutory Auditors/Chartered Accountant of the company/Chartered Engineer)

☛ MSME/ SIA Acknowledgement /ROC/Company Identification Number

☛ Partnership Deed and Firm Registration Certificate

☛ Memorandum & Articles of Association and Date of Incorporation Certificate.

☛ Sale deed/lease deed executed for the factory premises

☛ Building plan approval

☛ Industrial License as applicable

☛ TNPCB Clearance

☛ Invoices of the plant and machinery (imported & indigenous)

☛ T&C of term loan/working capital loan sanction, if any, extended by Bank/Financial Institution

☛ Certificate from Company’s Statutory Auditor / Chartered Accountant for the amount spent in Land, Building and             Plant & Machinery.

☛ Chartered Engineer’s Certificate for the investment made in Land, Building and plant and machinery.

☛ The date of commencement of commercial production for the new/expansion project duly certified Statutory Auditors / Chartered Accountant.

☛ First invoice raised along with certificate given by the Statutory Auditors / Chartered Accountant.

☛ Last 3 years Audited Balance Sheet and Profit and Loss Account along with the schedules

☛ The certificate issued by Statutory Auditor / Chartered Accountant for the employment of the direct workers.

☛ The documents for imported machinery such as copy of Letter of Credit, Bill of Entry, Bill of Lading, duty and details of clearing charges paid etc.

☛ Details of payments made to all vendors / suppliers / contractors for having settled in full and no vendor liability for the Eligible Fixed Assets.

Note:

  1. Chartered Engineers who are duly approved by the Institution of Engineers of India and enrolled as Panel Valuers with Income Tax Department / Nationalised Banks / Public Sector Insurance Companies will be eligible to give certificates.
  2. Practicing members of the Institute of Chartered Accountants of India will be eligible to give certificates.

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