PIC UP

New Industrial units set up, in Poorvanchal (Eastern U.P.), Madhyanchal (Central U.P.) and Bundelkhand, will for a maximum period of five years be reimbursed the amount of interest at the rate of 5% payable on loan taken by them for procurement of plant & machinery from Banks/Financial Institutions. The maximum limit of the same will be Rs.50 lakhs per unit.
Only for new textile units like spinning, weaving, knitting and garments manufacturing units, the maximum limit same will be Rs.1 Crore per unit in Poorvanchal (Eastern U.P.), Madhyanchal (Central U.P.) and Bundelkhand, and in other regions of the state it will be Rs.50 lakhs.
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Under this scheme, there is a provision to provide interest free loan as per prescribed norms of the schemes against Commercial Tax deposited by the new Mega Industrial Units with capital investment of Rs. 10.00 crores and above in Bundelkhand and Poorvanchal Region and with capital investment of Rs. 25.00 crores and more in other distts. of the State. Status of the scheme during last 3 years is as follows:-
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The status of scheme during the last four years is as follows:-

Sl. No.	Financial Year	No. of Units	Amount Disbursed (Rs. In crores)
1.	Year 2012-2013	07	53.70
2.	Year 2013-2014	01	0.89
3.	Year 2014-2015	04	40.70
4.	Year 2015-2016	11	117.73

Interest Free Loan in lieu of Trade Tax Deferment under Section-4A and Section-38 of UP Trade Tax Act 1984:-

Under this scheme there is a provision to provide interest free loan in lieu of Trade Tax deferment to medium & large scale Industrial Units.

The status of the scheme during last 3 years is as follows-

Sl. No.	Financial Year	No. of Units	Amount Disbursed (Rs. In crores)
1.	Year 2012-2013	03	17.14
2.	Year 2013-2014	02	10.98
3.	Year 2014-2015	01	10.00
4.	Year 2015-2016	01	00.28

Govt. of U.P. has announced new Industrial Policy in the year 2012. Under the said policy, provision of various incentives for industrial ventures has been made. PICUP has been given the responsibility to execute the scheme of Interest Free Loan, Capital Investment Interest Subsidy & Infrastructure Investment Interest Subsidy. The status of scheme during the last four years is as follows:-
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Sl. No.	Financial Year	No. of Units	Amount Disbursed (Rs. In crores)
1.	Year 2012-2013	–	–
2.	Year 2013-2014	–	–
3.	Year 2014-2015	01	11.46
4.	Year 2015-2016	10	85.62

Financial Incentive Schemes