Existing medical colleges, hospitals and nursing homes can also avail of the benefits under the scheme provided they commission oxygen production units or medical oxygen cylinder manufacturing unit with minimum oxygen production capacity of 10 cubic metres per hour.
Eligible units can claim reimbursement of 50% of the expenditure incurredó a maximum of Rs 1 crore on safety equipment.
The scheme offers a rebate of Rs 1 per unit on the prevailing power tariff, in addition to any rebate provided by the MPERC.
The MPIDC or MSME department will reimburse the power tariff rebate to the investor.
The state, as of now, has no large unit which manufactures medical oxygen. Hence, this special financial assistance is being introduced to augment medical oxygen production in the state, said an official.
Necessary criterion
To qualify under expansion or diversification, existing large units need to commit at least 30% or Rs 10 crore of the investment made in pre-existing plant and machinery or Rs 50 crore, whichever is less
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