Archive · 7 Jan 2026
UP Cabinet Approves Semiconductor Incentives, Stamp Duty Cuts
The Uttar Pradesh government has approved special incentives to attract big companies to invest in making computer chips.
These companies will get help with money for interest, employee costs, and lower electricity bills for 10 years.
The government also decided to reduce the fees for transferring property within families to a maximum of Rs 5,000, making it easier and cheaper.
Additionally, they approved building a big new hospital in Varanasi with 500 beds.
They also made changes to how sports officers are hired, mixing experienced administrators with medal-winning athletes.
All these decisions aim to bring more jobs, improve healthcare, and make property transfers simpler for families.
UP Cabinet approved incentives for semiconductor investments of Rs 3,000 crore or more under the Semiconductor Policy, 2024.
Incentives include interest subsidy, employee cost reimbursement, net SGST exemption for 10 years, 100% EPF reimbursement for UP domiciles, water charge concessions, and electricity tariff relief of Rs 2 per unit for 10 years.
21 companies have already started investments in the current financial year, generating significant employment.
Cabinet approved a stamp duty cut on gift deeds within family for immovable assets, extending the benefit to commercial and industrial properties with a maximum cap of Rs 5,000.
Approval for a 500-bed multi-super speciality hospital in Varanasi at a cost of Rs 315 crore, to be completed in 4 years with 60% funding from the Centre.
- Who
- Uttar Pradesh Cabinet
- What
- Approved incentives for semiconductor investments and stamp duty cuts for family property transfers
- When
- Tuesday (semiconductor policy) and Monday (stamp duty)
- Where
- Uttar Pradesh, India
- Why
- To attract large-scale investments, generate employment, and make intra-family property transfers more affordable
- Investment Threshold
- Rs 3,000 crore or more
- Incentives Duration
- 10 years
- EPF Reimbursement
- 100% up to Rs 2,000 per month for UP domiciles
- Electricity Tariff Relief
- Rs 2 per unit
- Stamp Duty Cap
- Rs 5,000 for family transfers
- Hospital Cost
- Rs 315 crore
- Hospital Beds
- 500
- Hospital Completion Time
- 4 years
