The Corporation is helping revival of potentially viable units lying closed due to non-technical/economical reasons. At present the Corporation is having around 900 such units in the field of paper, Steel Re-rolling Mills, Pharmaceuticals, Cement, Plastic, Industrial Gases, Food and Agro Based units etc. In addition to it, the Corporation is also having ready furnished hotels, & small nursing homes and Industrial Sheds.

 The Corporation is having an understanding with the UPSIDC, NOIDA & D.I. for not charging any additional levy/compensation for transfer of land. Similarly the Corporation is also having an agreement with the Electricity Department for providing power connection to the new management without charging any old dues/arrears against the previous management/owners. The Trade Tax Dept. also allows benefit of exemption to the new management during the balance period for which tax exemption was applicable to the original project. Additional financial help by way of term's loan/ working capital loan is also provided on merits in the deserving cases.

The entrepreneurs taking over such assets are benefited by way of reduction in the cost of project and gestation period. The details of assets available for sale/transfer to the new management are available with Assets Disposal Cell at Head Office as well as in all Regional Offices of the Corporation.

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 Copyright 2002 by Uttar Pradesh Financial Corporation.