A medium scale industry registered under MSME, with four plants in India and commencing production in August 2019, was denied a DIC subsidy claim. The DIC office cited machinery investment exceeding ₹10 crore as the reason for ineligibility. The user is seeking clarification on whether the ₹10 crore limit applies to total units within a state or across all units in India, and is also inquiring about eligibility for other subsidies such as interest and GST.
28 January 2020
Hi, we are register under MSME category as a Medium scale Industry and have around 4 plants in india. since we have commence production in our last plant in Aug 2019. we have approach to DIC office for subsidy claim, but they have refused, due to our all units machinery investment is in more then 10 crore. so not eligible for subsidy claiming.
pl anyone give clarificatiions, whether the total 10 crore limit is applicable for total units in state or total units is in india. also confirm, if any other eligible subsidy like interest,GST.