Incentives as per ICT Policy 2014
Following incentives have been declared in State ICT Policy 2014 for IT/ITeS/ESDM Sector:
Sl. No |
Incentives |
SMEs/MSMEs |
Large Companies |
1 |
Incubation Space Subsidy ( Units with up to 40 People-Maximum 2 Years) |
√ |
× |
2 |
Lease Rentals ( Minimum 40 employees and 2 years in operation) |
√ |
× |
3 |
Special Incentives |
|
√ |
4 |
Outright Purchase of Built-up Space |
√ |
√ |
5 |
Allotment Government Land |
√ Minimum Allocation of .5acre with 50 employee Minimum Experience 2yr
|
√ Exp more than 3 years Employees 100 per acre |
6 |
Land in the ITIR |
√ |
√ |
7 |
Interest Subsidy Reimbursement |
√ 5% p.a on term loan for 5 years upto 10 lakh for Micro and 20 lakh for SME |
× |
8 |
Capital Investment Subsidy |
√ 20% on fixed capital investment for plant and Machinery with a maximum limit of Rs 50 lakh for IT/ITeS. |
√ 20% on fixed capital investment for plant and Machinery with a maximum limit of Rs 50 lakh for IT/ITeS, Rs 5 cr for ESDM |
9 |
Human Capital Investment Subsidy |
√ One time subsidy of 20% on investment for certification with a maximum limit of Rs 5 Lakhs |
√ One time subsidy of 20% on investment for certification with a maximum limit of Rs 5 Lakhs |
10 |
Asst For Quality and Security Certification |
√ 50% of the fees paid for quality and security certification, maximum limit of Rs 5 lakh |
√ 50% of the fees paid for quality and security certification, maximum limit of Rs 5 lakh |
11 |
Stamp Duty Exemption |
√ On lease or sale agreement of land/built up space allotted by Govt/IDCO/other Govt Agencies |
√ On lease or sale agreement of land/built up space allotted by Govt/IDCO/other Govt Agencies |
12 |
Sales Tax and VAT( reimbursement ) |
√
|
√ |
13 |
Recruitment Assistance ( On Net Addition, Women and Disabled persons) |
√ |
√ |
14 |
Assistance for participation in Exhibition and Trade Delegation |
√ |
√ |
15 |
Assistance for Patent |
√ |
√ |
16 |
Exemption from Entry Tax ( Acquisition of machinery and equipments) |
√ |
× |
17 |
Incentives for Anchor Investor (First Five) in Level –II locations. |
√ Minimum Number of Employees in 2 years ( 40 for IT,60 for ITES) with a maximum limit Per year for 10 lakh and 7.5 lakh respectively |
√ Minimum Number of Employees in 2 years ( 40 for IT,60 for ITES) with a maximum limit Per year for 10 lakh and 7.5 lakh respectively |
18 |
Specific incentives for local enterprises* |
√ Purchase preference, Can participate in Tender in Joint Venture/Consortium forms |
√ Purchase preference, Can participate in Tender in Joint Venture/Consortium forms |
19 |
Exemption from State Pollution Control and |
√ |
√ |
20 |
Self Certification allowed for IT companies under various act of labour Laws |
√ |
√ |
21 |
Floor Space Incentives |
√ Relaxed FSI |
√ Relaxed FSI |
*Local enterprises – Registered office at Odisha and recruiting at least 50% of its executive employees who are domicile of Odisha.