Book Us For Subsidy Consultant
The Indian government offers an array of subsidies and incentives to boost strategic sectors aligned to socio-economic objectives. Be it promoting exports, fueling domestic manufacturing, generating employment or driving adoption of electric vehicles, subsidies play a key role. However, opaque guidelines, lengthy applications and coordination issues often discourage companies from availing these benefits.
This is where subsidy consulting firms have proven invaluable by unlocking the full potential of schemes for India Inc. Equipped with regulatory expertise and government connections, consultants are leading the way in facilitating timely incentives for clients.
Key Services Provided by Subsidy Consultants
- Scheme Research: Consultants track and evaluate hundreds of subsidy schemes at central and state levels to identify the most suitable ones based on a client’s products, business activity and eligibility.
- Application Support: From documentation to filing and follow ups, consultants manage the entire process proactively to ensure seamless approval.
- Incentive Processing: Consultants help compile compliance data after in-principle approvals to claim and expedite subsidy disbursal.
- Compliance Management: To avoid penalties, consultants help meet ongoing compliance mandates for availing incentives.
- Liaison Services: Consultants leverage networks in government agencies to smoothen coordination and follow ups.
Major Subsidy Programs Witnessing Demand
PLI Scheme: The government’s Production Linked Incentive scheme providing 4-6% incentives on incremental revenue for manufacturers has seen consultants assist companies across 14 sectors tap benefits.
PMKVY: Skill development incentives under Pradhan Mantri Kaushal Vikas Yojana are being facilitated for training partners.
Income Tax Exemptions: Consultants help identify tax exemptions and rebates across areas like R&D investments, patent filing etc.
SGST Refunds: State GST refunds on exports are being expedited by consultants for trading firms.
State Govt. Schemes: Incentives for MSMEs, ev vehicles, biofuels etc. offered by state governments also provide opportunities.
Subsidy Firms Structure for Success
Leading subsidy advisory firms like Deloitte, EY, PwC, KPMG draw from large teams to ensure availability of legal, technical and financial experts needed for scheme facilitation. Local firms leverage industry connections.
Partnerships with chartered accountants having compliance expertise are common. Presence across key industrial clusters aids market penetration.
Investments in tracking policy reforms, digital tools for application management and CRMs to document client interactions are on the rise.
As government incentives evolve towards boosting self-reliance and competitiveness, subsidy consultants will continue enabling domestic and export-oriented enterprises gain a competitive edge. Their end-to-end services are bridging the gap between complex policy schemes and simplified access for India Inc.
