Uttrakhand

Uttarakhand, a place where nature and culture combine, is a state having high topography and snow-covered peaks. The state is the second fastest-growing state in India with an estimated GDP of 3.3 lakh crore.

To galvanize the start-up community and attract attention, the government has introduced certain policies to facilitate entrepreneurs with beneficial incentive packages.

Micro, small, and medium enterprises are significantly contributing to the state’s economy. Thus, the state government provides various financial incentives through various policy arrangements to encourage the establishment of MSMEs.

Here are some subsidies provided by the Uttarakhand government:

1. Interest Subsidy
2. Capital Subsidy
3. Stamp Duty
4. Power Bill Rebate
5. Quality Certification Incentive.
6. Mandi Charges

Promotion of Thrust Sector

Thrust Sectors is the focus area of the state. With a significant market size, these sectors have high job creation potential. To flourish the thrust sector, the government provides various incentives. Following are the thrust sectors for that matter.

• Floriculture
• Medicinal herbs and aromatic herbs etc. – processing
• Honey
• Horticulture and Agro-based Industries such as:-

a. Sauces, Ketchup, etc.

b. Fruit juices & fruit pulp

c. Jams, Jellies, vegetable juices, puree, pickles etc.

d. Preserved fruits and vegetables

e. Processing of fresh fruits and vegetables including packaging.

f. Processing, preservation, and packaging of mushrooms.

• Food processing industry excluding those included in the negative list.
• Sugar and its by-products.
• Silk and silk products.
• Wool and wool products.
• Woven fabrics (Excisable garments)
• Sports goods and articles and equipment for general physical exercise and equipment

for adventure and sports activities,

• Paper and paper products excluding those on the negative list
• Pharma products.
• Information & communication technology, Computer hardware.
• Bottling of mineral water
• Eco-tourism – Hotels, resorts, spa, entertainment/amusement parks and ropeways.
• Industrial gases (based on atmospheric fraction)
• Handicrafts
• Non-timber forest product-based industries