The Government of Kerala (GoK) has introduced many businesses reform action plans to improve the Ease of Doing Business (EoDB) ranking of the State. KSWIFT, Kerala Centralised Inspection System, Single Window Clearance mechanism,Grievance Redressal System, etc are a few of such programmes rolled out in this direction. Yet another recent initiative of the Government of Kerala is the formulation of a K-RIIS (Kerala Responsible Industry Incentive Scheme) which aims to incentivise Industries in the State that focuses on Responsible Investment (RI) & Responsible Industry (RI) concept. The Incentive Schemes rolled out after multiple stakeholders meeting, offers certain support systems to investors / entrepreneurs in the State by way of subsidies, tax exemption and other incentives so as to attract Responsible Investments in the 22 priority sectors as identified by the Government through its industrial policy. The K-RIIS, as such offers 18 incentive Schemes to Kerala Industry. Enterprises that make investments in the state in the 22 priority sectors as identified by the Government through its industrial policy on or after 01.04.2023 are eligible for apply. Enterprise can apply more than one scheme subject to their eligibility.
Reimbursement of 50% expenses subject to a maximum of Rs 1.00 Cr., incurred on.more
Investment subsidy of 10% on fixed capital investment, subject to a maximum of Rs 10.00 Cr. more
100% reimbursement on capital investment in plant and machinery for large and mega.more
When more than 50% of permanent jobs are filled from local population, an amount more
Reimbursement up to 100% of the stall charges incurred, subject to a maximum of Rs 5.00more
Reimbursement up to 50% of the stall charges incurred, subject to a maximum of Rs 30.00 Lakhs for patentmore
Refund of expenses incurred for compulsory marking like CE, FDA, ISO, BIS, etc, to the extent of more
Reimbursement of 25% of expenses incurred for purchase of Plant & .more
20 % reimbursement of cost of software (big date analytic tools), machinery, etc., subject.more
Funding of 20% of R&D cost for units engaged in R&D with Universities in the State, subject. more
A one-time top up incentive of 20% of the fixed capital investment, subject tomore
Loan @ 4% interest subject to a maximum of Rs 10.00 lakh (via interest subvention upto 6%) more
Up to 100% waiver of stamp duty andmore
Reimbursement of 50% of the cost incurred in obtaining ‘Made in Kerala ‘certification.
Micro – upto 45%, subject to a maximum of Rs 40.00 Lakh Small – upto 45%, subject to a maximum more