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Financial Incentives of SSI
Financial Incentives of SSI
Financial Incentives
bounties
Subsidy relating to research and
development
Subsidy relating to taxes
Subsidy relating to resources
Capital subsidy scheme for
technology up gradation
Tax Concession
Fiscal incentives are provided in
the form of exemptions, rebate,
refund or postponement of direct
or indirect taxes leviable on
production or profits, besides
special tax concession
excise duty.
Exemption from sales tax
Tax holiday for new industrial units etc.
Modvat credit
Other Incentives:
a) Capital investment subsidy
b) Transport subsidy
c) Incentives for electronic and Information Technology
Government Assistance
The National Small Industries
Corporation
(NSIC)Ltd.,was
established by the Government of
India in 1955 to promote, aid and
foster the growth of small industries.
The NSIC is also helping SSI units in
marketing,
enterprise
building,
training to promote viable small
industries all over the country,
particularly in backward areas and in
selected
lines
of
production
machinery
a) Machinery and Equipment(Hirepurchase scheme)
b) Machinery and Equipment(Lease
scheme)
) Technical assistance
) Marketing Assistance
) Government stores purchase