Thursday, 2 November 2017

Salient Feastures of Incentives to under Industrial Policy Punjab-2017



Incentives  New and Existing (For expansion/modernization) under Industrial Policy-2017

For MSME {Micro(upto 0.25* ) Small(>25 upto 5* ) Medium Enterprises(>5*)} Units
       *=Investment in PLANT AND MACHINERY IN CRORES)

1.       Reimbursement of 100% of net SGST for 7 years from the date of commercial production with a cap of 100% of FCI.
2.       Interest subsidy of 5% subject to maximum of 5 lacs per year for a period of 3 years and shall not exceed amount of net SGST paid during the relevant year to such units
eligible under CLCSS scheme.
3.       50% exemption on CLU and EDC charges.
4.       100% exemption for 7 years on Electricity Duty.
5.       100% exemption from stamp duty for purchase or lease of land.
6.       50% of the cost (subject to maximum of Rs. 25 lacs) for adopting technology from a recognized National Institute.
7.       Reimbursement of expenses incurred for Energy Audit/ Water Audit/ Safety Audit = 75% subject to maximum of Rs. 2 lacs for energy audit and maximum of Rs. 1 lac each for water audit and Safety Audit.
8.       50% financial support subject to max of Rs. 25 lacs on capital cost for setting up of effluent treatment plant and for installation of Air Pollution Control Devices.
9.       75% of the expenses subject to 10 lacs for registration of domestic patent and 20 lacs for
        international patent.
10.     Reimbursement of 25% of the fee subject to maximum of 10 thousands on credit rating fee     paid under MSME Scheme.
11.   100% subject to maximum of Rs.10 lacs Reimbursement of expenses incurred on quality certifications (ISI).

Large (>5 crore upto 250) and Mega (Above 250 crore) Manufacturing and Service Enterprises

1.        75% for Large and 50% for Mega unit of net SGST for 7 years with a cap of 100% of FCI.
2.       100% exemption of Electricity Duty for 7 years
3.       100% exemption from Stamp Duty for purchase of land
4.       50% exemption from EDC (Entrepreneurship Development Center)
50% Exemption from Property Tax for seven years

Wednesday, 1 November 2017

Rates of Minimum Wages in PUnjab wef 01/09/2017


Rates of Minimum Wages
 WEF-->
01-03-2017
01-09-2017

Increase-->
109.96/4.24
54.98/2.11
Unskilled
Monthly
7568.52
7623.50
  GateKeeper,Peon, Helper,  Chowkidar, Gen …...Labour Below 10th
Daily
291.51
293.62
Semi-Skilled
Monthly
8348.52
8403.50
   Having 10 Yrs Exp or Fresh Having ITI  or ….Diploma Holder/TM3rd4th stand
Daily
321.51
323.62
Skilled
Monthly
9245.12
9300.10
  Semi Skilled after 5 Yr Exp,  BlackSmith, ….Turner, Electrician, TM/1-2nd
Daily
356.01
358.12
Highly Skilled
Monthly
10277.52
10332.50
  Degree Holder, Graduate Engineer, Truck …...Driver, Crane Operater
Daily
395.71
397.82
Staff-Gade A
Monthly
12738.52
12793.50
  Post Grduat Degree MBA etc
Daily
490.41
492.52
Staff-Gade B
Monthly
11068.52
11123.50
    Graduate
Daily
426.21
428.32
Staff-Gade C
Monthly
9568.52
9623.50
      Undergraduate
Daily
368.76
370.87
Staff-Gade D
Monthly
8368.52
8423.50
     10th Pass Peon, Helper
Daily
322.31
324.42