Uttar Pradesh Bioplastic Industry Policy, 2024
The Uttar Pradesh Bioplastic Industry Policy 2024 aims to establish the state as a global hub for bioplastics by setting up a world-class Bioplastics Park. It offers massive incentives for Anchor PLA projects investing ₹1,000 crore or more, including a 50% capital subsidy, 100% net SGST reimbursement, and 5% interest subvention, capped at 200% of eligible capital investment over 10 years.
Key Summary
- Ministry / Authority
- Industrial Development Department, Government of Uttar Pradesh
- Incentive Type
- Composite state package (capital subsidy + interest subvention + SGST reimbursement + exemptions)
- Incentive Rate
- Capital subsidy 50% of eligible capital investment (7 yrs); Interest subsidy 5% (7 yrs); Net SGST reimbursement 100% (10 yrs); Electricity duty exemption 100% (10 yrs); Stamp duty exemption 50%–100% based on region
- Min. Investment
- ₹1000 Cr
- Application Deadline
- Open
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