Reimbursement of local employment promotion grant.

Small Scale, Village and Cottage Industrial Units will be reimbursed in full for the amount paid towards Stamp Duty and Registration fee for obtaining loans for incentives from Financing Institutions including mortgage of fixed assets. The reimbursement will be admissible after disbursement of loan by financing institutional Banks and will be subject to the condition that the assets so created/acquired shall not be sold or transferred for a period of 5 (five) years. An industrial unit shall receive a one-time subsidy on consultancy charge paid to an approved Consultant as per the scale noted below: (1) For Project upto Rs. 10 lakhs 3% subject to maximum of Rs. 20,000/- (Rupees twenty thousand). For local entrepreneurs 6% subject to maximum of Rs. 40,000 (Rupees forty thousand). (2) For project above Rs. 10 lakhs 3% subject to a maximum of Rs. 1,00,000/- (Rupees one lakh). For local entrepreneurs 6% subject to maximum of Rs. 2,00,000 (Rupees two lakhs).