What are the incentives provided by the government for industries in backward and hilly areas?

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Shivani Gupta

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Some of the common incentives provided by the government far industries in backward and hilly areas are: (i) Power Power is supplied at a concessional rate of 50 %, while some states exempt such units from payment in the initial years.(iii) Water Water is supplied on no-profit, no-loss basis or with...
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Some of the common incentives provided by the government far industries in backward and hilly areas are: (i) Power Power is supplied at a concessional rate of 50 %, while some states exempt such units from payment in the initial years.(iii) Water Water is supplied on no-profit, no-loss basis or with 50 % concession or exemption from water charges for a period of 5 years. (iv) Tax Holiday Exemption from paying taxes for 5 or 10 years is given to industries established in backward, hilly and tribal areas. read less
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Industrial Estates: Some states encourage setting up of industrial estates in backward areas. Tax holiday: Exemption from paying taxes for 5 to 10 years is given to industries established in backward, hilly and tribal areas.
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