SFALP

The "Scheme for Financial Assistance to Logistic Parks" aims to promote the development of logistic parks to enhance infrastructure and streamline the supply chain across the state.

The "Scheme for Financial Assistance to Logistic Parks" aims to promote the development of logistic parks to enhance infrastructure and streamline the supply chain across the state. Effective from August 7th, 2020 to August 6th, 2025, it aims to offer financial support to eligible institutions developing logistic parks, ensuring efficient movement of goods, and boosting economic growth.

• Industries Association / any enterprise registered under the Societies Act, Partnership Act, Trust Act, Companies Act or Special Purpose Vehicle (SPV) constituted for setting up of Logistics Park shall be eligible to develop a Logistic Park under this scheme.
• The institution must intend to develop a logistic park as per the approved guidelines of the State Level Empowered Committee (SLEC).
• The institution should possess 100% ownership of the land required for the project.
• Projects under execution before obtaining registration will not qualify for assistance.
• Assistance is only available for infrastructure-related Fixed Capital Investment (excluding land cost and vehicles).
• Projects should be completed within 3 years from the date of approval, with a possible 1-year extension under exceptional circumstances.

• Financial Assistance: 25% of eligible Fixed Capital Investment (excluding land and vehicles) up to ₹15 crores. - Stamp Duty Reimbursement: 100% reimbursement on land purchase stamp duty for approved projects. - Central and State Scheme Benefits: Combined assistance from State and Central Government up to 60% of project cost. - Reimbursement Linked to Milestones: Disbursement in four installments (25%, 50%, 75%, and 100%). Final 15% post-project completion.

• Projects already under execution before registration are ineligible.
• Institutions failing to meet the project completion timeline, including any approved extensions, will lose eligibility and face recovery of disbursed incentives.
• Institutions availing assistance under any other state government scheme, unless specified, are ineligible.
• Failure to maintain the logistic park for 10 years post-completion disqualifies the institution and triggers recovery of disbursed incentives.

> Note: The following expenditures are not eligible for financial assistance under the scheme:

• Purchase of land and land development.
• Goodwill fees, commissioning fees, and royalty.
• Preliminary and pre-operative expenses.
• Interest capitalized during the project period.
• Expenditure on transportation equipment or vehicles.
• Technical fees or consultant fees.
• Working capital requirements.
• Any expenditure not explicitly mentioned as eligible investment.
• Other expenditures deemed non-eligible by the State Level Empowered Committee (SLEC).