CCISS for new Industrial Units & Expansion of existing - Shimla Now

A Spokesman of the Industries Department said here today that the Central Capital Investment Subsidy Scheme (CCISS), 2013 was being implemented in Himachal Pradesh and it was applicable to all new industrial units and existing industrial units on their substantial expansion (minimum 25 percent) in the value of fixed capital investment plant and machinery for the purpose of expansion of capacity in identified locations.

He said that the scheme was also applicable in the specified Thrust Industries including eco-tourism units located anyway in the State for Capital Investment Subsidy which was available at the rate of 15% of investment in Plant and Machinery subject to a ceiling of Rs. 50 lakh for Micro, Small and Medium enterprises and Rs. 30 lakh for large enterprises. He said that this benefit was not available for negative list of industries.

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Spokesman said that for availing the benefit of the scheme, industrial units must register themselves with the District Industries Centre (DIC) concerned at the time of planning to set up a new unit or undertaking expansion in existing unit and strictly prior to the date of commencement of commercial production and operation of new units or undertaking substantial expansion for existing units.

He said that new Eco Tourism Units should also get themselves registered under the scheme with the Tourism Department and District Industries Centre concerned at the time of getting other necessary approvals before commencing the construction work. Under the Capital Investment Subsidy Scheme, Eco Tourism Units would also receive subsidy at the rate 15 percent of investment in plant and machinery as well as building.

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He said that the claims need to be submitted to the concerned DIC in the prescribed Application Forms within one year from the date of commencement of commercial production/operation. He said that all transaction in respect of the cost of plant and machinery/project must be made through ‘A/c payee cheque’ or ‘demand draft’ or any other mode of bank transaction and payment in cash would not be considered eligible for computation of subsidy.

For further details, the entrepreneurs can contact District Industries Centres in all Districts or log on to web address of Industries department on   www.himachal.nic.in website.