Healthcare Incentives in Tripura

Overview
State Incentives
Important Links
Important Documents
Major Players

Overview

The Government of Tripura has always placed a lot of emphasis on healthcare for all. Over the years, a reasonably good infrastructure of health institutions has been created in the State. However, providing good healthcare to all the citizens is a gigantic task and in this respect, private sector can play a very significant role. There are 2 (two) Medical Colleges in the State with Super specialty services. There are nursing institutes in Private and Government Sector. A Para-medical College has also come up in PPP framework. Among the private players, ILS Multi-specialty Hospital and few private Nursing Home/ Hospitals are prominent and are there is potential for more private investment in this important sector.

To encourage the investors to invest in the State of Tripura, State Government has introduced State incentive scheme, namely, Tripura Industrial Investment Promotion Incentive Scheme (TIIPIS), 2017 for five years w.e.f. first April,2017. The Government of Tripura has declared priority sector industrial enterprises as "Thrust Sector Industries" in the State to promote new industrial enterprises bases on local resources. Besides, service sector activities like setting up of Hospital/ Nursing Homes with a minimum capacity of 50 beds shall mean Thrust Sector Industries. There is a provision of enhanced rate and quantum of subsidies/ incentives under State incentive scheme.

State Incentives

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One-Time Incentives
Recurring Incentives

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Land Cost Rebate

Actual price or premium paid for the land, freehold or leasehold, as determined by the authorized agent and the actual expenditure incurred for construction of the office building, factory sheds, boundary walls as necessary for the enterprise are taken into account for determination of “Fixed Capital Investment” under Tripura Industrial Investment Promotion Incentives Scheme, 2017. 40% of the “Fixed Capital Investment” is given as capital investment subsidy under the State incentive scheme.

Fixed Capital Rebate

All eligible enterprises will be entitled to State Capital Investment Subsidy @30% on Fixed Capital Investment, subject to a ceiling of Rs.60 Lakhs per enterprise. Enterprises belong to the “Thrust Sector” Industries; State Capital Investment Subsidy will be @40% on Fixed Capital Investment within the overall ceiling of Rs.70 Lakhs. State Capital Investment Subsidy will be provided to Tea Processing Units set up under the Cooperative approach by small tea growers @ 50% of fixed capital investment, subject to an upper ceiling of Rs.100 Lakhs. Sole proprietorship units belonging to ST, SC and Women will be eligible for an additional subsidy at the rate of 2.5% on fixed capital investment, subject to an aggregate ceiling of Rs.60 Lakhs or Rs.70 Lakhs or Rs.100 Lakhs, as the case may be, per enterprise.
“Fixed Capital Investment” means investment made in land, building, plant and machinery of the enterprise for commencement of commercial production on or after first day of April, 2017, but before or on thirty first day of March, 2022. For the purpose of going in for substantial expansion of an enterprise which commenced production within the Scheme period, the fixed capital investment means investment made in land, building and machinery on or after 01st April, 2022.

Other Incentives

Reimbursement of Standard Certification Fees/Charges:- All eligible enterprises will be allowed one-time full reimbursement of fees/ charges/ other expenses on account of obtaining a standard certification in certain specific areas from National and Inter-national Bodies. The areas are: 1) ISO-9000 Quality Management system 2) ISO-14000 Environmental Management system 3) ISO-18000 Occupational Health and Safety Standards 4) BIS certification 5) Green Energy Certificate 6) Bureau of Energy Efficiency Certificate 7) FSSAI License 8) AGMARK 9) Organic Products ( (related to Tea and Horticultural items/ products) 10) Forest Stewardship Council (FSC).

SGST Reimbursement

All eligible enterprises will be entitled to an Industrial Promotion Subsidy equal to the net amount of the Central Sales Tax (CST), any other commodity tax and Goods and Services Tax actually paid by them to the State Government on sale of finished goods, subject to an overall ceiling of Rs.60 Lakhs per annum per enterprise. In case of Thrust Sector Industries, the annual upper ceiling of payment of Industrial Promotion Subsidy shall be Rs.100 Lakhs per annum. The aggregating limit of entitlement of an enterprise for 5 years shall not be exceeding to 100% value of investment made in plant and machinery.

Interest Cost Subvention

All eligible enterprises will be entitled to a reimbursement of interest paid to banks/financial institutions, @5% on the Term Loan availed by the enterprises, subject to a ceiling of Rs.10 Lakhs per year per enterprise.

Electricity Duty Rebate

All eligible enterprises will be allowed Partial Reimbursement of industrial power charges paid to Tripura State Electricity Corporation Ltd. or an approved agency. The Reimbursement of power charges shall be @25% of the power charges actually paid by the enterprise, subject to a maximum amount of Rs.20 Lakhs per annum per enterprise.

Subsidy on fees paid for Credit Guarantee Trust Fund for Micro and Small Enterprise (CGTMSE)

100% reimbursement for one time guarantee fee paid and the service fees paid every year by Micro and Small enterprises for CGTMSE coverage taken on loan granted by Banks/ NBFCs shall be provided for 5 years.

Export Promotion Subsidy (Thrust Sector Only)

Industrial enterprises under thrust sector which export their manufactured goods to Bangladesh through the Land Customs Stations in the State shall be provided reimbursement @10% of the value of goods exported subject to a ceiling of Rs. 20 Lakhs per enterprise per annum. Reimbursement of payment shall be made on the basis of records available with Central Customs authority.

Procurement Preference

Subject to their meeting the quality, delivery and other specifications of the purchasing State Government Agencies, 20% Procurement Preference will be given on all purchases by State Government Agencies – including Departments/ Corporations/ Public Sector Enterprises/ Autonomous Bodies/ Aided Institutions of the State Government – on products manufactured in Tripura by eligible enterprises.
The procurement preference would be applicable in case of items being procured through the tendering process by the State Government Agencies. For extension of procurement preference, the landed price of the item being procured shall be calculated, for all the eligible tenderers, at the destination specified by the purchaser, before the imposition of Tripura Value Added Tax or any other applicable commodity taxes under relevant Acts of the State Government on the final purchase by the State Government Agencies. The landed price would, however, include value-added tax in the State of origin, excise duty, insurance charges, freight costs and Central Sales Tax imposed prior to the goods entering the State of Tripura, quoted by the supplier located outside Tripura.

Exemption from Earnest Money and Security Deposits

All eligible enterprises shall be given 100% exemption from the payment of earnest money and security deposits for items indicated in their Eligibility Certificate issued under this Scheme, on tenders floated by the State Government Departments/ Agencies (including Corporations/ Undertakings/ autonomous bodies of the State Government). However, such exemption shall be confined only to the tenders for procurement of goods.

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Healthcare in Tripura

Overview

State Incentives

Important Links

Important Documents

Major Players

Have a query ?