INCENTIVES BY THE GOVERNMENT

The Government of India has announced series of incentives for promoting this project for installing
such plants to the entire printers engaged in developing alternative energy source.

The Major Incentives are

 100% Depreciation: The total Value of plant and machinery is allowed to be depreciated in the 1 st year.
 Excise Exemption: The solid fuel briquettes are completely exempted from Excise duty. The
government is also considering exemption in the case of plant and machinery.
 Sales Tax Exemption: The various states like M.P. Maharashtra, Rajasthan, Delhi, Pondicherry have
exempted solid fuels briquettes from sales tax. Other states are also considering the same and many
states and offering sales tax exemption in backward area.
 No Licenses: The whole industry of non conventional energy sources has been exempted for obtaining
any license.
 Income tax Exemption for 1st Five Year
 The Central and State Government give Subsidies.
 Low rate of interest from Government Financial Institutions.

Deduction under Section 80JJA

Section 800JJA DEDUCTION IN RESPECT OF PROFITES & GAINS FROM BUSINESS OF
COLLECTING AND PROCESSING OF BIO-DEGRADABLE WASTE
Persons Covered All Assesses.
Eligible Amount Profits and Gains from business of collecting and processing or
treating of Bio-degradable waste.
The business should be of collecting and processing or treating of Bio-
degradable waste for.
Relevant (1). Generating Power, or
Conditions/Points (2). Producing Bio-Fertilizers, Bio-Pesticides or other biological
agents, or
(3). Producing Bio Gas, or
(4). Making Pellet or Briquettes for Fuel, or
(5). Organic Manure.
100% of the Profit and Gains from such business shall be allowed as a
Extent of Deduction deduction for a period of five consecutive assessment years
beginning with the assessment year relevant to previous year in
which such business commences.
Links For Section 1. http://caopinion.co.in/Post/Deduction-under-Section-80JJA
Subsidy Subsidy: 25% subsidy under a male name or 30% subsidy under a
Female name, available from
 KVIC (Khadi and Village Industries Commission)
 DIC (District Industrial Corporation).
Kindly find the below given link for the same
www.kvic.org.in/PDF/PMEGPscheme.pdf