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Bioplastic Industry Policy 2024 in Uttar Pradesh

Land Benefits

Bioplastic Industry Policy 2024 in Uttar Pradesh

Stamp Duty
  • 100% exemption in Bundelkhand & Purvanchal.
  • 75% exemption in Madhyanchal & Paschimanchal (excluding Gautam Buddha Nagar & Ghaziabad)
  • 50% exemption in Gautam Buddha Nagar & Ghaziabad districts.
  • Land-/Park-based Incentives via Bioplastic Park : The policy envisions a dedicated Bioplastic Park in Kumbhi village, Gola Gokarannath tehsil, Lakhimpur Kheri district, under the aegis of the state industrial authority.
  • This helps aggregate land, infrastructure and industrial units to create a full value chain- enabling land benefits via a single-park ecosystem.
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Financial Assistance

Bioplastic Industry Policy 2024 in Uttar Pradesh

Capital Subsidy
  • For Anchor Units (large bioplastic investors, typically those planning ₹ 1,000 crore or more investment): Capital Subsidy: 50% spread over 7 years.
  • SGST Reimbursement: 100% for 10 years.
  • Electricity Duty Exemption: 100% for 10 years.
  • Overall cap on incentives: Total benefits under the policy shall not exceed 200% of eligible capital investment over the defined incentive period.
  • For “Non-Anchor Units”: Such units are eligible for benefits under the broader Uttar Pradesh Industrial Investment and Employment Promotion Policy 2022 (or whichever incentives apply), including capital subsidies, tax exemptions, infrastructure support, etc.
Interest Subsidy
  • For Anchor Units (large bioplastic investors, typically those planning ₹ 1,000 crore or more investment): Interest Subsidy: 5% for 7 years.
  • SGST Reimbursement: 100% for 10 years.
  • Electricity Duty Exemption: 100% for 10 years.
  • Overall cap on incentives: Total benefits under the policy shall not exceed 200% of eligible capital investment over the defined incentive period.
  • For “Non-Anchor Units”: Such units are eligible for benefits under the broader Uttar Pradesh Industrial Investment and Employment Promotion Policy 2022 (or whichever incentives apply), including capital subsidies, tax exemptions, infrastructure support, etc.
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Infrastructure Subsidy

Bioplastic Industry Policy 2024 in Uttar Pradesh

Infrastructure Subsidy
  • For Anchor Units (Investment ≥ ₹1,000 Cr) : 50% Capital Subsidy — spread over 7 years.
  • 5% Interest Subsidy — for 7 years.
  • 100% SGST Reimbursement — for 10 years.
  • Electricity Duty Exemption — for 10 years.
  • Overall Incentive Cap: Total incentives limited to 200% of eligible capital investment over 10 years.
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