Updated on December 17, 2024 11:57:07 AM
The Electronics Manufacturing Subsidy in Manipur offers several subsidies programs to provide incentives to businesses for establishment with the goal of development in the electronics manufacturing industry of the state. The Electronics Manufacturing Subsidy in Manipur offers subsidies to business owners in order to expand business in the electronics manufacturing industry, provide job opportunities to locals and boost the economic growth of the state. In this article, you will learn about how the incentive aids in the growth of the electronics manufacturing industry of the state and what are the advantages of the Electronics Manufacturing Subsidy in Manipur.
The Electronics Manufacturing Subsidy in Manipur is an initiative by the Ministry of Electronics & Information Technology (MEITy) for businesses to advance the electronics manufacturing industry within the state. The MEITy implemented several subsidy programs through Electronics Manufacturing Subsidy in Manipur to provide financial assistance and incentives to the business owners for technological development and economic growth of the state.
Electronics Manufacturing Subsidy in Manipur assists the businesses with investments, interest rates, power, land and infrastructure. Businesses should be aware of the Electronics Manufacturing Subsidy in Manipur to understand which subsidy program suits their project depending on their investment, location, production scale and job generation.
The benefits of the Electronics Manufacturing Subsidy in Manipur for the businesses engaged in the electronics manufacturing industry of the state are written below.
The Electronics Manufacturing Subsidy in Manipur offers maximum subsidy rate and subsidy amount to the businesses to ensure prevention of exploitation or unfairness of the intermediary. The Electronics Manufacturing Subsidy in Manipur is categorized under 9 programs which are:
Performance-based Lease Rental Subsidy
| Subsidy Rate | Subsidy Amount | For 5 years from the month of commencement of commercial production |
|---|---|---|
| Not Specified | a) Rs 10 Lakhs per eligible unit | Maximum of 10 units considered on merit, based on growth, employment, secondary business development |
| b) Rs 20 Lakhs per eligible unit | Once after 2 years of operations, second time after 5 years of commercial operations |
Interest Subsidy
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| a) 7% on total project value | Rs 5 Lakhs per annum | For micro-enterprises, 5 years |
| b) 5% on total project value | Rs 10 Lakhs per annum | For small and medium enterprises, 5 year |
| c) Additional 1% subsidy | Rs 10 Lakhs per annum | For youth (<35 years), SC/ST/Women/Differently-abled in the first project, 5 years |
Quality Certification
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| 50% of cost | Rs 12 Lakhs per unit per year | Maximum 2 certifications per unit for IT/ITeS units registered in Manipur (CMMI, ISO, etc.) |
Technology Acquisition
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| 50% grant | Rs 50 Lakhs per technology | For 5 technology acquisition programs per year, tech must ensure citizen-centric impact, excludes resellers/franchisees |
Seed Funds
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Not Specified | Rs 10 Lakhs | For 5 years, implemented at village level, maximum 1 per district, Rs 1 Crore earmarked by state for 5 years |
Market Development Support
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| 50% of expenses | Rs 5 Lakhs | For 2 select MSME or Incubation units per year, assistance provided twice annually, apply within 6 months |
Assistance to Industry Associations for Participation in International Trade Fair as Manipur Pavilion Outside India
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| 50% of total rent | Rs 10 Lakhs per year | Participation required from at least 5 industrial units, provided for 5 years, assistance in the form of reimbursement |
Viability Gap Support to Industry Associations for Organizing Seminars / Exhibitions in Manipur
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Not Specified | Rs 4 Lakhs (national) | Maximum of 2 such events per category annually for 5 years |
| Rs 8 Lakhs (international) |
Setting Up of Finishing/Skill Building Schools
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| A Fund up to 20% of the cost | Rs 5 Lakhs | Maximum of 2 initiatives per year for 5 years, limited to IIIT-Manipur, State Academy, or any suitable state-allocated area |
The additional information regarding the Electronics Manufacturing Subsidy in Manipur in the electronics manufacturing industry is written below.
The Electronics Manufacturing Subsidy in Manipur aims to improve the electronics manufacturing industry by offering several subsidies and financial incentives to businesses for business expansion. The Electronics Manufacturing Subsidy in Manipur provides Performance-based Lease Rental Subsidy, Interest Subsidy, Quality Certification, Technology Acquisition, Seed Funds, Market Development Support, Assistance to Industry Associations, Viability Gap Support, Setting up of Finishing/ Skill Building Schools and many more to support the expansion of business and create more jobs for residents of the state. The Electronics Manufacturing Subsidy in Manipur aids in the overall economic development of the state to attract more businesses to be established within the electronics manufacturing industry.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
The Electronics Manufacturing Subsidy in Manipur offers subsidies and incentives to the businesses to expand business in order to improve the electronics manufacturing industry of the state.
The Electronics Manufacturing Subsidy in Manipur is prominent for the economic development through the electronic manufacturing industry by reducing operational costs of businesses, assisting in market expansion, creating employment for locals and promoting entrepreneurship.
The Electronics Manufacturing Subsidy in Manipur offers multiple benefits including infrastructural development, job creation, promoting exportation, industrial growth, and more for the economic growth of the state.
Electronics Manufacturing Subsidy in Manipur include-
Speak Directly to our Expert Today
Reliable
Affordable
Assured
Call us on
+91 9821113117
[Mon - Sat, 10am - 7pm]
Write to us
809, 8th Floor, Madhuban Building,
Nehru Place, New Delhi - 110019
Reliable
Affordable
Assurity
They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Very pleased with their service. Prompt, professional and great communication. Definitely recommend. Special mention for Ms. Razia - she handled our case.
Professional Utilities is fully professional in their work, Rates are too low and genuine. Services and satisfaction are high so I highly recommended Professional Utilities.
They are one of the most genuine and reasonable people. I applied for lmpc certificate through them and they charged me a very nominal amount as compared to what other firms asked .
