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Steel Forgings (Hammer Forging Unit) · Uttarakhand

What it takes to start steel forgings (hammer forging unit) in Uttarakhand: today’s cost, the central and state subsidy, where the work already happens and who can help.

cost in the report
₹89.2 lakh
priced in
2003
in today’s money (estimate)
≈ ₹2.6 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: ₹25.51 lakh. Project is above the PMEGP limit, so only the limit counts.₹12.5 lakh
State capital subsidy — Uttarakhand20% of machines and building · After production starts: micro units in 2 equal yearly instalments, small and medium units in 5 equal yearly instalments.On workshop building and plant & machinery. Service units (including tourism) are excluded. At least 70% of permanent jobs must go to state residents. Any PMEGP/PMFME/MSY margin money is deducted. The unit must keep running for 5 years.₹30.61 lakh
State interest help (over the years)4% × 3 years · on a loan of about ₹2.3 crore4% of interest for micro, 3% for small, 2% for medium units, for up to 3 years after production. Yearly limit depends on the area: micro ₹5 / 4 / 3 / 2 lakh and small ₹6 / 5 / 4 / 3 lakh in Category A / B / C / D.₹20.66 lakh
Up to, if every scheme applies₹63.77 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

  • Stamp duty: Stamp duty on land is reimbursed after production: 100% in Category A and B, 75% in Category C, 50% in Category D. Source ↗
  • Electricity duty: Electricity duty exemption for 5 years for new MSMEs with sanctioned load up to 500 kW. Source ↗
  • Mukhyamantri Swarojgar Yojana 2.0: Margin money (subsidy) on a bank loan: Category A and B areas 30% / 25% / 20% for projects up to ₹2 lakh / ₹2-10 lakh / ₹10-25 lakh; Category C and D 25% / 20% / 15%. Plus 5% for rural areas, women and Divyang, or ODOP/GI products (only one). Project limit ₹25 lakh (manufacturing), ₹10 lakh (service and trade). Adjusted after 2 years of running. Source ↗
  • Mandi fee reimbursement: Food units in Category A and B: 50% of mandi fee for 5 years (max ₹5 lakh a year in A, ₹3 lakh in B). Source ↗
  • Quality certification: 75% of certification, patent or trademark cost, up to ₹1 lakh per unit. Source ↗
  • DPR assistance: New micro units: 75% of the fee paid to an empanelled consultant for the project report, after production. Source ↗

How sure we are about this state: High · Policy: Uttarakhand MSME Policy 2023 ↗ · 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

20 offices: District Industries Centres, MSME offices and more

Uttarakhand

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