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| Investment of notification of this policy Logistics Subsidy e 20% of Fixed Capital Investment (FCl), subject to a | Policy, 2023 ~ 13 - Quantum ofIncentives Policy maximum of INR 20 Crore whichever is lower Proposals received from third year onwards from date of notification of this policy e 15% of Fixed Capital Investment (FCI), subject to a maximum of INR 10 Crore whichever is lower Interest Subvention Proposals received during first two years from date of notification of this policy e Interest subvention shall be 10% or actual rate of interest on term loan, whichever is lower, to the extent 50% of the Fixed Capital Investment subject to a limit of INR 60 Crore. Proposals received from third year onwards from date of notification of this policy e Interest subvention shall be 10% or actual rate of interest on term loan, whichever is lower, to the extent 40% of the Fixed Capital Investment subject to a limit of INR 50 Crore. Bihar Logistics Policy, 2023 Tax-related Incentives 100% reimbursement against tax related incentives (SGST deposited and Electricity duty on power including captive power) for a period of 5 years from the date of commencement of commercial operation. This shall have a maximum limit of 100% of the Fixed Capital Investment (FCl). BIIPP, 2016 Skill Development Subsidy Logistics Park Developer providing skill training in warehouse management & logistics management will be reimbursed up to Rs. 20,000 per employee/BSDM rates / actual rate whichever is lower for employee/staff domiciled in Bihar. The employment period should be a minimum 1 year. BIIPP, 2016 Employment Cost Subsidy 50 % reimbursement (in case of male workers) and 100% reimbursement (in case of female workers) of expenditure on account of contribution toward ESI and EPF scheme for a period of 5 years for new units for those employees who are domicile of Bihar. The maximum limit for reimbursement will be Rs. 1000 - per month for SC/ST and women employees and Rs. 500/- per month for a general employee. BIIPP, 2016 Exemption of Stamp duty/ Registration fees 100% exemption of stamp duty/registration fees levied on lease/ sale /transfer of industrial land/shed and also those outside the jurisdiction of Industrial Area Development Authority. This would be available to all the new units only and given only for first time. BIIPP, 2016 Exemption of Land Conversion Fees 100% exemption on land conversion fees of agricultural land after completion of the Logistics Park as per DPR. BIIPP, 2016 14 Capital Investment Subsidy will be disbursed after completion of Logistics Park as per DPR as follows: V First Instalment: 50% of the eligible amount after 12 months from allotment to the first unit of a minimum 12 acres or 50% of the Logistics Park area whichever is lower ¥ Second Instalment: 30% of the eligible amount after 24 months from allotment to the next unit of cumulative 20 acres or 80% of the total of the Logistics Park area whichever is lower ¥ Third Instalment: 20% of the eligible amount after 36 months from allotment to the next unit of cumulative 25 acres or 100% of the total of the Logistics Park area whichever is lower 7.3 Incentives for Logistics Units Incentives _ gantum of Incentives ziti AAt. Proposals received ‘during first two years from date of notification of this policy e ICD - 20% of FCI, subject to a maximum of INR 10 Crore whichever is lower e Warehouse - 20% of FCI, subject to a maximum of INR 6 Crore whichever is lower e Cold Chain - 20% of FCI, subject to a maximum of INR 4 Crore whichever is lower e CFS - 20% of FCI, subject to a maximum of INR 3 Capital . ; Bihar Crore whichever is lower sce