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    Âutÿst® M©L 2049: És à Tul Mo, 14

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    Micro, Small and Medium Enterprises – Amendment to the Micro, Small and Medium Industries Policy, 2008 and the Guidelines for Administration of the Incentives and Concessions in the Policy –deleting the previous clause of “subject to a maximum of Rs. 3.75 lakh” – Orders – issued.

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    Âutÿst® M©L 2049: És à Tul Mo, 14

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    velxerox4123
    20 views2 pages
    Micro, Small and Medium Enterprises – Amendment to the Micro, Small and Medium Industries Policy, 2008 and the Guidelines for Administration of the Incentives and Concessions in the Policy –deleting the previous clause of “subject to a maximum of Rs. 3.75 lakh” – Orders – issued.

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    msme_e_23_2018

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    Micro, Small and Medium Enterprises – Amendment to the Micro, Small and Medium Industries Policy, 2008 and the Guidelines for Administration of the Incentives and Concessions in the Policy –deleting the previous clause of “subject to a maximum of Rs. 3.75 lakh” – Orders – issued.

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    20 views2 pages

    Âutÿst® M©L 2049: És à Tul Mo, 14

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    velxerox4123
    Micro, Small and Medium Enterprises – Amendment to the Micro, Small and Medium Industries Policy, 2008 and the Guidelines for Administration of the Incentives and Concessions in the Policy –deleting the previous clause of “subject to a maximum of Rs. 3.75 lakh” – Orders – issued.

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    ABSTRACT

    Micro, Small and Medium Enterprises – Amendment to the Micro, Small and
    Medium Industries Policy, 2008 and the Guidelines for Administration of the
    Incentives and Concessions in the Policy –deleting the previous clause of
    “subject to a maximum of Rs. 3.75 lakh” – Orders – issued.
    ------------------------------------------------------------------------------------------------------------------
    MICRO, SMALL AND MEDIUM ENTERPRISES (D2) DEPARTMENT

    G.O.(Ms.) No. 23 Dated : 30.07.2018


    ÂUtŸSt® M©L 2049
    és«Ã tUl« Mo, 14.
    Read:
    1. G.O.(Ms).No. 14, Micro, Small and Medium Enterprises (B)
    Department, dated 07.05.2008.
    2. G.O.(Ms).No. 42, Micro, Small and Medium Enterprises (D2)
    Department, dated 04.09.2013
    3. The Additional Chief Secretary/ Industries Commissioner and
    Director of Industries and Commerce, Letter Rc.No.
    423/LC3/2015, dated 09.01.2017.
    ------
    ORDER:

    In the Government order first read above, Government have ordered


    that all New Micro Manufacturing Enterprises are eligible to avail the 15%
    state capital subsidy at the maximum of Rs.3.75 lakh only.
    2. In the Government order second read above, Government have
    enhanced the quantum of capital subsidy rate from 15% to 25% on the plant
    and machinery value in respect of the Micro, Small and Medium Enterprises
    subject to a maximum of 30.00 lakh.
    3. The Additional Chief Secretary / Industries Commissioner and
    Director of Industries and Commerce has stated that in the original order,
    while quantum of subsidy was 15%, the maximum eligible subsidy was
    restricted to Rs.30.00 lakh for Small and Medium Enterprises. But in the
    case of Micro Enterprises i.e. enterprises with maximum plant and machinery
    investment of Rs.25 lakh, subsidy prescribed is 15% subject to a maximum
    of Rs.3.75 lakh which amount to stating that there is no maximum limit to
    the subsidy to be provided for the Micro enterprises since 15% of Rs.25 lakh
    workout to Rs.3.75 lakh. On the same anology, while enhancing the quantum
    of eligible subsidy from 15% to 25% for the MSMEs, there should not be any
    maximum ceiling for Micro Enterprises. However, due to existence of clause 5
    II.a. in G.O (Ms.) No.14 Micro, Small and Medium Enterprises (B)
    Department dated 07.05.2008 which states that Micro enterprises are
    eligible for subsidy of 15% subject to a maximum of Rs.3.75 lakh. In some
    districts maximum limit of subsidy to Micro enterprises has been restricted to
    Rs.3.75 lakh.
    4. Hence, the Additional Chief Secretary / Industries Commissioner and
    Director of Industries and Commerce has requested the Government to
    delete the words “Subject to a maximum of Rs.3.75 lakh” in G.O. (Ms.) No.
    14, Micro, Small and Medium Enterprises (B) Department dated 07.05.2008,
    para 5 II (a) in respect of Micro Enterprises.
    5. The Government, after careful examination, have decided to accept
    the proposal of the Additional Chief Secretary/Industries Commissioner and
    Director of Industries and Commerce in para 4 above and issue the following
    amendment to the Micro, Small and Medium Industries Policy 2008 issued in
    the Government Order first read above:-
    AMENDMENT
    i) The words “subject to a maximum of Rs. 3.75 lakh“ appearing in G.O.
    (Ms.) No. 14, Micro, Small and Medium Enterprises (B) Department,
    dated 07.05.2008 at para 5.II.a shall be replaced by “subject to a
    maximum of Rs.6.25 lakh”.
    ii) The words “subject to a maximum of Rs.6.25 lakh” shall be included at
    the end of para 5.1.1, of Annexure-I, to the G.O. (Ms.) No.14, Micro,
    Small and Medium Enterprises (B) Department, dated 07.05.2008.
    6. This order shall take effect from 07.05.2013.
    7. This order issues with the concurrence of the Finance department
    vide its U.O.No.32403/Ind./2018, dated 26.07.2018.

    (BY ORDER OF THE GOVERNOR)

    DHARMENDRA PRATAP YADAV


    SECRETARY TO GOVERNMENT
    To
    The Principal Secretary/Industries Commissioner and
    Director of Industries and Commerce, Guindy, Chennai-32.
    The Chairman and Managing Director,
    Tamil Nadu Industrial Investment Corporation Limited, Guindy, Chennai-35.
    The Chairman and Managing Director,
    State Industries Promotion Corporation of Tamil Nadu, Chennai-8..
    The Chairperson and Managing Director,
    Tamil Nadu Small Industries Development Corporation, Chennai-32.
    All District Collectors
    The Accountant General (A&E), Chennai-18.
    All Pay and Accounts Officers / All District Treasuries.
    Copy to: -
    All sections in Micro, Small and Medium Enterprises Department, Chennai-9.
    The Finance (Ind) Department , Chennai-9.
    Stock file / Spare copy.

    // FORWARDED BY ORDER //

    SECTION OFFICER

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