What you get
- Financial Assistance: 25% of eligible Fixed Capital Investment (excluding land and vehicles) up to ₹15 crores. - Stamp Duty Reimbursement: 100% reimbursement on land purchase stamp duty for approved projects. - Central and State Scheme Benefits: Combined assistance from State and Central Government up to 60% of project cost. - Reimbursement Linked to Milestones: Disbursement in four installments (25%, 50%, 75%, and 100%). Final 15% post-project completion.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of the "Scheme for Financial Assistance to Logistic Parks"?
The scheme aims to promote the development of logistic parks by providing financial assistance to institutions, improving infrastructure, and enhancing supply chain efficiency.
What percentage of financial assistance is offered under the scheme?
The scheme provides financial assistance of 25% of the eligible Fixed Capital Investment, excluding land and vehicles, up to a maximum of [?]15,00,00,000/-.
Is the cost of land purchase covered under the financial assistance?
No, the cost of land purchase and land development is not eligible for assistance under this scheme.
Are institutions eligible for reimbursement of stamp duty on land purchases?
Yes, 100% of the stamp duty paid on land purchases for approved projects is reimbursable.
Can an institution avail assistance from both State and Central Government schemes?
Yes, assistance can be availed from both schemes, but the total combined assistance should not exceed 60% of the project cost.
What is the disbursement structure for financial assistance?
Financial assistance is disbursed in four installments--at 25%, 50%, 75%, and 100% of the project cost--with the final 15% disbursed only after project completion.
What expenditures are not eligible for financial assistance under this scheme?
Expenditures such as land purchase, land development, goodwill fees, transportation equipment, working capital, consultant fees, and any expenses deemed ineligible by SLEC are not covered.
What is the maximum time allowed for project completion?
Projects must be completed within 3 years from the date of approval, with an additional 1-year extension granted under valid circumstances.
Can projects under execution before registration qualify for assistance?
No, projects already under execution before obtaining registration with the Industries Commissionerate are not eligible for assistance.
What happens if the logistic park is not maintained for 10 years after completion?
If the logistic park is not maintained for 10 years, the financial incentives disbursed will be recovered as arrears under land revenue laws.
Is it mandatory to appoint a Third Party Quality Assurance (TPQA) agency?
Yes, institutions must appoint a TPQA agency from an approved list and submit quality assurance reports with each subsidy claim.
Who evaluates and approves the applications for financial assistance?
The Industries Commissionerate evaluates the applications and forwards them to the State Level Empowered Committee (SLEC) for approval.
Can an institution apply for multiple state government schemes simultaneously?
No, institutions availing assistance under this scheme cannot avail benefits under other state government schemes unless specifically mentioned in the respective scheme.