Building BusinessServices

Machine Vice Manufacturing · Punjab

What it takes to start machine vice manufacturing in Punjab: today’s cost, the central and state subsidy, where the work already happens and who can help.

cost in the report
₹87.5 lakh
priced in
2010
in today’s money (estimate)
≈ ₹1.6 crore

Subsidy you could get here

What kind of unit?
You are
For PMEGP, OBC, minority, ex-servicemen and Divyang founders are also special category; state schemes name their own groups.
Where is the unit?

What you could get

PMEGP margin money (central)25% of project cost, kept in your loan account for 3 years. Your own share: ₹16.4 lakh. Project is above the PMEGP limit, so only the limit counts.₹12.5 lakh
State capital subsidy — Punjab20% of machines and building · Yearly, spread over the chosen eligibility period of 10 to 15 years, from commercial production, within the annual ceiling.Up to 20% of eligible fixed capital investment, max ₹10 crore. MSMEs must register under the GoI ZED scheme and reach at least Bronze level to get any post-production incentive. Production must start within 5 years.₹19.68 lakh
Up to, if every scheme applies₹32.18 lakh

These are separate schemes with their own rules. Many states do not pay their capital subsidy on the same cost that PMEGP already covers, and every subsidy is paid only after approval. Confirm the combination at your District Industries Centre.

Also in this state

  • SGST refund: 75% of net SGST is reimbursed for the eligibility period, from commercial production, within the annual ceiling. Source ↗
  • Stamp duty: 100% exemption or reimbursement of stamp duty on buying or leasing land and buildings. Source ↗
  • Electricity duty: 100% electricity duty exemption for the eligibility period from commercial production (expansions: only on extra consumption). Source ↗
  • CGTMSE fee reimbursement: 100% of the CGTMSE guarantee fee, up to ₹3 lakh a year for 7 years, for micro and small units. Source ↗
  • Quality certification: 100% of certification cost, up to ₹20 lakh per unit, once. Source ↗
  • Export freight: 1% of FOB value, up to ₹30 lakh a year for 5 years. Source ↗

How sure we are about this state: High · Policy: Punjab Industrial and Business Development Policy 2026 (IBDP 2026) ↗ · Source ↗

An estimate from published scheme rules, not an approval. Amounts are rounded.

Where this work already happens

No industry town for this business is recorded in this state yet.

Land and sheds

Land and sheds

Free government help in this state

33 offices: District Industries Centres, MSME offices and more

Punjab

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