Eligible Unit:
- any new unit having a minimum of 10 employees on its payroll
- or an expansion unit having a minimum of 15 employees on its payroll after expansion.
“IT Software" means any representation of instruction, data, sound, and image including source code and object code recorded in a machine, readable form and capable of being manipulated or providing interactivity to use by means of automatic data processing machines.
IT Enabled Services (ITeS) implies service rendering through application of IT and will include the following:
a) Call Centres
b) Medical Transcriptions
c) Back Office Operation/Business Process Outsourcing (BPO)
d) Knowledge Process Outsourcing (KPO)
e) Revenue Accounting and other ancillary operations
f) Insurance claim Processing
g) Web/Digital Content Development/ ERP / Software and Application Development
h) Financial and Accounting Processing
i) HR & Payroll Processing
j) Bioinformatics
k) IT enabled banking
l) Non-banking services including insurance, pension, Asset Management and market related services
m) Depository and Security registration and dematerialization services
n) GIS enable center
o) IT support center
p) Website Service
q) Emerging Technologies, such as Cyber Security, Big Data, Artificial Intelligence, Blockchain, Machine Learning
INCENTIVE
1. CAPEX-OPEX Model
CAPEX Support: All eligible IT/ITeS units are entitled to one time CAPEX support of up to 25 per cent of the eligible CAPEX expenditure, subject to a maximum ceiling of INR 50 Cr.
OPEX Support: All eligible IT/ITes units are entitled to OPEX support of up to 15 percent of the annual eligible OPEX expenditure, subject to a maximum ceiling of INR 20 cr per year
2. Employment Generation Incentive (EGI)
Eligible IT/ITeS units shall be entitled to one-time support for every new and unique job created in the state. It is applicable for new local employees hired and retained for a minimum period of one year at 50% of one month’s CTC up to INR 50,00 per male and INR 60,000 per female employee for eligible IT / ITeS units.
3. Interest Assistance
Eligible IT/ITeS units are will be entitled to interest subsidy at 7% on term loan or the actual interest paid, whichever is lower with a ceiling of INR 1 Cr per annum.
4. Atmanirbhar Gujarat Rojgar Sahay
Eligible IT/ITeS units will be eligible to claim reimbursement on the employer’s statutory contribution under EPF made by them of their employee working in the offices situated within Gujarat for period of 5 year:
- 100% of female employee
- 75% for mail employee
- Ceiling of incentive amount per employee will be 12% of Basic salary + DA + RA
5. Electricity Duty Incentive
Entire amount of electricity duty paid by them to the government of Gujarat