Special incentive to the Pioneer Unit.

A unit with fixed capital investment exceeding Rs 3 crores set up in a district where there are no medium or large Scale industries will be given pioneer status. Such unit will be eligible for additional State Capital Investment Subsidy of 5% on the fixed capital investment subject to a ceiling of Rs. 10 lakhs. Such units will also be given Power Subsidy for an additional period of 2 years. Small Scale, Village and Cottage Industrial Units will be reimbursed in full for the amount paid towards Stamp Duty and Registration fee for term loans/incentives from Financial Institutions including mortgage of fixed assets. The reimbursement will be admissible after disbursement of loan by Financial Institutions/Banks and will be subject to the condition that the asset is not transferred for a period of 5 (five) years.