EODB ASSAM
Unlocking Assam's Business Potential
Government
Incentives
The Industrial Policy of Assam aims to drive economic growth and development by attracting investments, enhancing infrastructure, and creating a business-friendly environment. The Government of Assam emphasizes on the sector-specific industries such as tourism, ethanol, and agarwood to build a diverse and resilient industrial economy. Complementing the existing Industrial Policy, a customized Industrial policy has been introduced to further support industrial growth. Here is a concise overview of the aforesaid policies.
Industrial and Investment Policy of Assam,2019
- The Government of Assam has notified this scheme for envisaging Assam as a preferred destination for investment aiming eco-friendly investment through capital formation, inclusive industrial growth and creation of gainful employment.
- Fiscal Incentives under the Scheme are as follows:-
i. State Goods and Service Tax (SGST) reimbursement
ii. Power Subsidy
iii. Generating set subsidy
iv. Stamp duty reimbursement
v. Technology Transfer and quality certification
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vi. Interest subsidy on working capital loan
vii. Financial Assistance in MSME listed in Stock Exchange
viii. Assistance for Environmental Compliance
ix. Incentive to private sector Infrastructure developers
Industrial and Investment Policy of Assam, 2019
Industrial Investment Policy of Assam (Amendment) 2023
- In order to make Assam a globally competitive investment destination, the Government of Assam has introduced a Customized Policy, thus igniting the State's sustainable, inclusive and balanced economic growth to include attractive and bespoke incentive pack for Mega Investments (min. Investment of ₹100 crores).
- The Customized Incentives for Mega Projects are as follows:-
i. Capital Investment/ Production Linked Subsidy
ii. Subsidy on Power Tariff
iii. Subsidy on Land
iv. Subsidy on Drawl of Power Lines
v. Stamp Duty Reimbursement
vi. Employment/Payroll Subsidy
vii. Any other incentive including government assistance for Road Connectivity.
viii. Power line installation and providing utility support.
ASSAM INDUSTRIAL INFRASTRUCTURE DEVELOPMENT CORPORATION
Uttar Poorva Transformative Industrialization Scheme (UNNATI), 2024
- The Government of India has announced this scheme for the North-Eastern Region, which is designed to strengthen the Industrial Eco-System in the North East and to attract New Investment.
- Incentives under the Scheme, subject to eligibility, are as follows:
i. Capital Investment Incentive (CII)
ii. Capital Interest Subvention (CIS)
iii. Manufacturing & Services linked incentive (MSLI)
Gazette-Notification-Of-Unnati-Scheme-2024.pdf (dpiit.gov.in)
