Investment and Promotion Management Cell in the Kerala State IT Mission, headed by the Director of KSITM, registers and administers the incentive schemes for the eligible IT units.
The aim of the scheme is to put in place a package of incentives, which will make Kerala one of the most attractive destinations in IT in the country. The activities envisaged in the cell include disbursement of incentives to eligible IT units, administration and contingent expenditure, support for IT Units etc.
Fiscal incentives are applicable to all eligible companies operating in Kerala other than those located within a Special Economic Zone (SEZ). The Fiscal incentives announced in the IT Policy 2012 are operative from 01.12.2010 and shall remain in force for a period of 6 years. Fiscal incentives for eligible companies will be as follows:
Standard Investment Subsidy :-
30% of Fixed Capital Investment subject to a limit of Rs. 15 Lakhs for companies located in Thiruvananthapuram and Ernakulam districts. For companies located outside the districts of Thiruvananthapuram and Ernakulam, the applicable Standard Investment Subsidy will be 40% of Fixed Capital Investment subject to a limit of Rs. 25 Lakhs.
Click here to submit Application For Standard Investment Subsidy (SIS)
SIS Subsidy Manual
SIS Subsidy Manual - Amendment
Agenda note for SIS - CO's reference