Updated on December 17, 2024 11:21:49 AM
The Film Subsidy in Assam is implemented to provide financial assistance and incentives to the filmmakers to promote the film industry of the state. The Assam State Film Finance and Development Corporation (ASFFDC) provides several subsidy programs that offer incentives to highlight the state as a destination for filmmaking. Film Subsidy in Assam is offered to filmmakers with the aim to promote cultural, historical and regional diversity and natural landscapes to attract tourism within the state. Read this article to know about the Film Subsidy in Assam along with its importance, benefits, programs, subsidy amount and more to apply for the suitable film subsidy in Assam through our professional services.
The Film Subsidy in Assam is an initiative by Assam State Film Finance and Development Corporation (ASFFDC) to improve the film industry of the state. The ASFFDC instituted a number of programs to provide Film Subsidy in Assam to the filmmakers as financial aid and incentives to improve the film industry. The Government provides incentive for production of quality films (Assamese and local language) in the form of financial assistance through Film Subsidy in Assam to a certain percent to the producers and to the directors based on the category of the film (category A or Category B) as well as for new cinema halls to a certain percent.
The Assam State Film Finance and Development Corporation (ASFFDC) implemented the Film Subsidy in Assam to promote economic development of the state through promotion of regional cinema, creating job opportunities and encouraging new and independent filmmakers in the film industry. Some of the benefits of the Film Subsidy in Assam for the film industry are written below.
The Film Subsidy in Assam provides maximum subsidy rates and subsidy amount to the filmmakers to ensure prevention of exploitation or unfairness of the intermediary in the film industry. The Film Subsidy in Assam is categorized under 2 categories which are listed below:
Tabulated below are the above listed categories of Film Subsidy in Assam along with their maximum subsidy rate, maximum subsidy amount and limitations.
Providing Incentive for Production of Quality Films (Assamese and Local Language)
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| Of at least 30% of the films | An assistance of Rs. 40.00 Lakhs | For category A films* |
| Of at least 30% of the films | An assistance of Rs. 30.00 Lakhs | For category B films* |
For New Cinema Halls
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| Government would bear subsidy up to 25% | Rs. 75 lakh | Only one, whichever is less |
Following list provides additional information regarding the Film Subsidy in Assam in the state for its film industry.
The Film Subsidy in Assam implemented by the Assam State Film Finance and Development Corporation (ASFFDC) has a prominent role in growth and development of the film industry of the state. The Film Subsidy in Assam offers financial assistance and incentives to promote the production of quality films in Assamese and other regional languages which helps in perseverance of the cultural heritage of the state. The Film Subsidy in Assam supports filmmakers as well as boosts the economic development of the state by job creation, infrastructure development and tourism attraction. Apart from that, the Film Subsidy in Assam for new cinema halls and renovations that promote the film industry's growth.
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For new cinema halls, the Film Subsidy in Assam is up to 25% of the total cost, with a maximum assistance of Rs. 75 lakh and for the renovation of existing cinema halls, the subsidy is Rs. 25 lakh.
The Assam State Film Finance and Development Corporation (ASFFDC) provides Film Subsidy in Assam for cinema halls which includes:
Filmmakers that are shooting the entire film in the state are eligible for the Film Subsidy in Assam. The government also offers additional rebates in case the film's storyline is based in Assam or if more than 50% of the film is shot in the state.
The Film Subsidy in Assam provides benefits like financial assistance, promoting regional cinema, infrastructure development, tourism attraction and job creation within the film industry.
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