5.7 Policy package “2004” of financial and other Concessions
to be extended to the sick industrial Units of the state.

Large and medium scale sick industries of the state, whose cases are under consideration before Board for Industrial and Financial Reconstruction {B.I.F.R} under Sick Industrial Companies {Special Provision} Act 1985 and if Board {B.I.F.R} is preparing rehabilitation scheme for these Industries or have taken decision to prepare the scheme than the concerned industrial unit shall be extended following facilities under Policy Package 2004: -

5.7.1 Efforts shall be made to provide uninterrupted power supply of good quality.

5.7.2 Arrears up to “cut of date” mentioned in sanctioned scheme or date of sanction of scheme the minimum demand charges and low power factor penalty levied by M.P.S.E.B for closure period of the unit shall be waived.

5.7.3 During the period of rehabilitation if sick unit wants to cut maximum “Contract Demand” then it shall be revised accordingly.

5.7.4 Current Electricity bill could be adjusted against security deposits with M.P.S.E.B and after rehabilitation period security deposit shall be taken.

5.7.5 Up to cut of date mentioned in the sanctioned scheme or date of sanction of scheme; arrears of M.P.S.E.B shall be allowed to be paid in maximum of 36 monthly instalments.

5.7.6 Up to cut of date mentioned in sanctioned scheme or date of sanction of scheme penal charges levied on account of delayed payment of Electricity bill shall be waived.

5.7.7 Permission for sale/sub-lease of surplus land available with the units wherever required shall be granted, provided this land is not situated in industrial area/growth centre. Use of land could also be permitted if required but unit will have to ensure that amount received from land sale is utilised for implementation of rehabilitation scheme only.

5.7.8 Up to cut of date mentioned in sanctioned scheme or date of sanction of scheme if arrears of commercial taxes is paid in within 3 months from the date of decision of Government then only actual amount of commercial taxes i.e. assessed tax shall be allowed to be deposited and entire interest/penalties shall be waived.

5.7.9 Up to cut of date mentioned in sanctioned scheme or date of sanction of scheme arrears of commercial taxes {inclusive of interest/penalties} could be deferred during rehabilitation period, but after rehabilitation period arrears could be allowed to be deposited in maximum of 36 monthly instalments.

5.7.10 If unit deposits arrears of commercial tax in one stroke {as per facility no. 8 } then from the cut of date mentioned in sanctioned scheme or date of sanction of scheme unit shall be given assistance under ‘Industrial Promotion Assistance”.

5.7.11 If the unit has any dues against Govt. Department/Institution, then Govt. shall not insist for any bank guarantee.

5.7.12 Unit shall be declared “Relief Undertaking” according to the requirement, during rehabilitation period.

Facilities shown in the above package shall be sanctioned by the high level committee constituted for granting concessions for sick Industries under the chairmanship of Chief Secretary on the basis of merit of the case and would be limited to this policy package 2004.

In case if there is any other relief/concessions sought from the State Govt. beside policy package 2004, then that specific relief/concessions could be considered by high level committee. If this relief is found eligible then committee can recommend to related forum/committee or cabinet for decision.