Tiipis

The State Government has introduced the Tripura Industrial Investment Promotion Incentives Scheme (Tiipis) offers incentives for setting up industrial units in the manufacturing and service sector. The main aim of the scheme is to provide the necessary infrastructure to ensure sustained industrialisation in Tripura. In this article, we look at the Tripura Industrial Investment Promotion Incentives Scheme (Tiipis) in detail.

Applicability

The Tripura Industrial Investment Promotion Incentives Scheme applies to the following entities:

Micro, Small and Medium Enterprises (MSME) commencing its commercial production activities in the state during the years of 2017-2020.
The private sector, co-operative sector, self-help-groups, joint sector and companies owned or managed by the State Government.

It does not apply to the enterprises that have commenced commercial production before April 2017 and to all large scale units and industrial activities listed in the exception list. Note: The list industrial activities exempted under this scheme are attached below for your reference.

Open PDF in new tab

Eligibility Criteria for Incentives

Any industrial enterprise applying for incentives under this scheme is required to produce “Incentives Eligibility Certificate” in the prescribed format from the concerned authority of the State Government. The Incentives Eligibility Certificate will not be issued unless:

The project is approved with industrial license, letter of intent or a registration certificate under the Industries (Development and Regulation) Act, or issuance of Industrial Approval reference number or an Acknowledgement of online filing of Udyog Aadhaar Memorandum through the national portal for registration of MSMEs.
The enterprises are identified with the issuance of a compulsory license as notified by the Central or the State Government.
The unit has gone into commercial production.

Capital Investment Subsidy

All eligible enterprises will be entitled to an incentive at the rate of 30% of the fixed capital investment with an aggregate ceiling of Rs. 60 lakhs to each enterprise. The enterprises belonging to the Thrust Sector will be entitled to receive incentives at the rate of 40% of the fixed capital investment with an overall ceiling of Rs. 70 lakhs per enterprise. Proprietorship units belonging to ST, SC and Women individuals or partnership business where all partners (women) belong to ST, SC communities will be eligible for an additional subsidy at the rate of 2.5% on fixed capital investment, with an aggregate ceiling of Rs.60 lakhs or Rs. 70 lakhs per enterprise.

Partial Reimbursement of Power Charges

Eligible enterprises will be provided with power subsidies at the rate of 25% of the actual power charges paid by an enterprise after 5 years of operation. The incentive will be for 5 years, with an annual upper ceiling of Rs. 6 lakhs for enterprises that have an employee strength of 20 to 50 persons, Rs. 9.00 lakhs for entities with 51 to 100 employees and Rs. 12 lakhs if the number of employees exceeds 100.

Partial Reimbursement of Interest on Working Loans

Interest incentives at the rate of 4% on working capital loan availed would be provided for 5 years with a ceiling of Rs. 3.00 lakhs per year for each enterprise. The reimbursement of interest subsidy is limited to 4% of the 25% turnover of the enterprise in the given year.

Reimbursement of Standard Certification Charges

Reimbursement of 100% of the total cost for getting Standard certificates like ISO-9000 Quality Management system, ISO-14000 Environmental Management System, ISO-18000 Occupational Health and Safety Standards, BIS Certification, Green Energy Certificate, Bureau of Energy Efficiency Certificate, FSSAI License, AGMARK, Forest Stewardship Council (FSC), etc. All eligible enterprises will be allowed a one-time full reimbursement of fees, charges or other expenses on account of obtaining standard certification.

Security Deposit

Eligible enterprises will be given a 100% exemption from the payment of security deposits for items indicated in their Eligibility Certificate issued under this Scheme.

Contact Details

To know more about the Tripura Industrial Investment Promotion Incentives Scheme, contact the following address: Tripura Industrial Development Corporation Limited Address: Shilpa Nigam Bhawan, Near Ginger Hotel, Khejur Bagan Kunjaban, Agartala, West Tripura, India Pin code: 799006 Phone : 0381-2416617, 2416446, 2416373 Fax: 0381-2414503 E-mails: tidcltd.in@gmail.com

Back to Learn

Frequently Asked Questions

Common questions about Tripura Industrial Investment Promotion Incentives.

The Tripura Industrial Investment Promotion Incentives Scheme (TIIPIS) is a scheme introduced by the State Government of Tripura to offer incentives for setting up industrial units in the manufacturing and service sectors. The main aim of the scheme is to provide the necessary infrastructure to ensure sustained industrialization in Tripura.

The TIIPIS applies to Micro, Small and Medium Enterprises (MSME) commencing commercial production activities in Tripura during the years 2017-2020, as well as private, cooperative, self-help groups, joint sector, and companies owned or managed by the State Government. However, it does not apply to enterprises that commenced commercial production before April 2017 and large-scale units or industrial activities listed in the exception list.

To avail incentives under TIIPIS, industrial enterprises must obtain an "Incentives Eligibility Certificate" from the concerned authority of the State Government. This certificate is issued only if the project has the required industrial licenses, registrations, and has gone into commercial production.

Eligible enterprises under TIIPIS are entitled to receive a capital investment subsidy at the rate of 30% of the fixed capital investment, with an aggregate ceiling of Rs. 60 lakhs per enterprise. Enterprises in the thrust sector can receive a higher subsidy rate of 40%, with a ceiling of Rs. 70 lakhs per enterprise.

Eligible enterprises can avail partial reimbursement of power charges at the rate of 25% of the actual power charges paid, after 5 years of operation. The incentive is provided for 5 years, with an annual upper ceiling ranging from Rs. 6 lakhs to Rs. 12 lakhs, depending on the number of employees.

Yes, TIIPIS provides partial reimbursement of interest on working capital loans. Eligible enterprises can receive interest incentives at the rate of 4% on working capital loans availed, for 5 years, with a ceiling of Rs. 3 lakhs per year.

Under TIIPIS, eligible enterprises can avail a one-time full reimbursement of fees, charges, or other expenses incurred for obtaining standard certifications like ISO 9000, ISO 14000, ISO 18000, BIS Certification, Green Energy Certificate, FSSAI License, AGMARK, Forest Stewardship Council (FSC), etc.

Yes, eligible enterprises are given a 100% exemption from the payment of security deposits for items indicated in their Eligibility Certificate issued under the TIIPIS.

For more information about the Tripura Industrial Investment Promotion Incentives Scheme, you can contact the Tripura Industrial Development Corporation Limited at their office located at Shilpa Nigam Bhawan, Near Ginger Hotel, Khejur Bagan Kunjaban, Agartala, West Tripura, India, Pin code: 799006. Their phone numbers are 0381-2416617, 2416446, 2416373, and their email addresses are tidcltd.in@gmail.com.

The main purpose of the Tripura Industrial Investment Promotion Incentives Scheme (TIIPIS) is to provide the necessary infrastructure and incentives to ensure sustained industrialization in the state of Tripura by attracting investments in the manufacturing and service sectors.