Financial Benefits
Upcoming units in the park will be eligible for 35% grant under Kisan Sampada Yojan of Ministry of Food Processing Industries Govt. of India.
The Telangana State Government will consider providing incentives to the entrepreneurs in the following areas under its T-IDEA (Telangana State Industrial Development and Entrepreneur Advancement) incentive scheme:
| Details |
Quantum
|
||
|
Micro & Small
|
Medium & Large
|
Mega Projects
|
|
| Stamp duty reimbursement |
100%
|
100%
|
to suit to a particular investment requirements on case to case basis.
|
| Land cost rebate |
25% (Up to 10L)
|
25% (Up to 10L)
|
|
| Land conversion cost |
25% (Up to 10L)
|
25% (Up to 10L)
|
|
| Power cost reimbursement |
@ Rs. 1/- per unit
|
@ Rs. 1/- per unit
|
|
| Investment subsidy |
15% (up to 20L)
|
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|
|
| VAT reimbursement |
100%
|
75% to 100%
|
|
| Interest subsidy |
3% (up to 9%)
|
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|
|
| Seed capital for 1st generation entrepreneur |
10% of machinery cost
|
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|
|
| Training and skill development cost reimbursement |
--------
|
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|
|
| Quality/patent support |
50% (up to 2000 persons)
|
50% (up to 2000 persons)
|
|
| clean production measures |
50% (up to 2L)
|
25% (up to 5L)
|
|
| Reimbursement of infrastructure development costs |
25% (up to 5L)
|
50% (up to 1 cr)
|
|
Central Government Incentives
As per Section 94 (1) of the Andhra Pradesh Reorganization Act 2014, the Central Government shall take appropriate fiscal measures, including offer of tax incentives, to the successor States, to promote industrialisation and economic growth in both the States.
- 100% central excise benefit for 5 (or more) years
- 100% income tax benefit for 5 years; 30% for the next 5 years
- Other investment subsidy benefits.
State Government incentives.
Incentives under Telangana food policy also applicable for the upcoming units in the park.
Contacts
Smart Agro Food Park PVT LTD
Plot No. 70&71, Second Floor, Road No. 7, Aleap Industrial Estate, Pragathi Nagar, Hyderabad - 500090, Telangana
+91 95814 20660