15% subsidy to motivate mfg firms | SupportBiz

Policy Notes

15% subsidy to motivate mfg firms

 
The Finance Minister has made an announcement that will highly motivate SMEs in the country.

To motivate the manufacturing segment and help them in reviving the economy, any company investing Rs. 100 crore in machinery this fiscal will be offered an extra 15% subsidy over and above the existing regulations.

There will be zero customs duty on electrical machinery.