LANIDS - 2018

Lakshadweep And Andaman & Nicobar Islands Industrial Development Scheme - 2018
Last Date of Registration    31 March 2021         6 Months & 0  Days Left.

NOTICE

* The Units who are willing to avail benefits under LANIDS - 2018 have to register themseleves under the LANIDS portal.
* The Incomplete applications for registration will be summarily rejected.
* The registration under the scheme does not grant eligibility to the application to be covered under LANIDS-2018.
The programmes under "Lakshadweep and Andaman & Nicobar Islands Industrial Development Scheme (LANIDS) - 2018" are as under:

For access to credit @ 30% of the investment in Plant and machinery with an upper limit of Rs. 5.00 Crore

@ 3% on working capital credit advanced by the Scheduled Banks or Central/State financial Institutions for first five years from the date of commencement of commercial production.

Reimbursement of 100% insurance premium on insurance of building and Plant & Machinery for maximum period of 5 years.

58% of the Central tax paid and 29% of integrated tax paid for the period of 5 years.

The industrial unit set up under this scheme can claim reimbursement of Central Share of Income Tax for the first 5 years including the year of commencement of commercial production by the unit.

20% of the cost of transportation for finished goods from the Shipping port nearest to the location of the industrial unit to the mainland Port.

a. 20% of the cost of transportation for furnished goods for movement through Inland Waterways Authority of India from the mainland port to the port nearest to the location of the buyer.

b. 20% of the cost of transportation including the incentive currently provided by Railways or the Railway PSU for movement of furnished goods by rail from the railway station nearest to the mainland port to the railway station nearest to the location of the buyer.

c. 33% of cost of transportation of air freight by scheduled airlines and Non-scheduled operator permit (NSOP) holders approved by DGCA for perishable items/ goods (as defined by IATA) from the airport nearest to the location of Industrial unit to any airport within the country, nearest to the location of the buyer.

3.67% of the employer’s contribution to EPF in addition to Government bearing 8.33% Employee Pension Scheme.


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