UP Stamp Duty Exemption for Pumped Storage Plants — Up to 100% Waiver — Frequently Asked Questions

It depends on where the plant is located. Projects in Bundelkhand and Poorvanchal get a 100% exemption; those in Madhyanchal and Paschimanchal, other than Gautam Buddh Nagar and Ghaziabad districts, get 75%; and projects inside Gautam Buddh Nagar or Ghaziabad get 50%.

Only Pumped Storage Plant (PSP) projects that are categorised as 'Mega' or 'Above' under the Uttar Pradesh Industrial Investment & Employment Promotion Policy 2022. Projects below that classification, and energy projects of other kinds, are not covered by this particular incentive.

No closing date is specified. The concession is described as available on an ongoing basis for eligible projects, and it continues for as long as the Uttar Pradesh Industrial Investment & Employment Promotion Policy 2022 remains in operation.

No. This is a subsidy-style exemption from stamp duty, not an equity investment. The state does not take a stake, and there is nothing to repay or buy back — the benefit simply reduces the statutory charge payable on the relevant property transactions.

A Pumped Storage Plant is a hydroelectric energy storage facility. It moves water from a lower reservoir up to a higher one, then releases it downhill to drive turbines and generate electricity when demand peaks — effectively storing power for use during high-load periods.

The specific terms are set out in Section 12.7.3 i. of the Uttar Pradesh Industrial Investment & Employment Promotion Policy 2022. That policy document is publicly available through Invest UP and is the reference point for the eligibility and exemption slabs.

Applications follow the general procedure laid down for incentives under the 2022 policy. Start by reading Section 12.7.3 i. of the policy, prepare your project documentation, then submit through the designated state online portal — https://niveshmitra.up.gov.in/ — which is typically managed by Invest UP, or to the relevant industrial development authority. The file is then reviewed and, on approval, the exemption is applied at the time of the relevant property transactions or registrations.

Applicants are expected to compile project-related material including a comprehensive project proposal, detailed financial projections, land acquisition plans, and any environmental or regulatory compliance certificates specific to the Pumped Storage Plant, along with the other annexures the application process calls for.

The nodal agency or department appointed by the Government of Uttar Pradesh reviews it. First the file is screened for completeness, then a technical and financial assessment confirms the project meets the 'Mega or Above' classification, and the proposed location is verified to fix the right exemption slab. A designated committee or authority gives the final approval.

It is offered by the Government of Uttar Pradesh as one of the incentives under the Uttar Pradesh Industrial Investment & Employment Promotion Policy 2022, and it is administered through the state's industrial development machinery.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for UP Stamp Duty Exemption for Pumped Storage Plants — Up to 100% Waiver, though having it can strengthen your application and unlock other benefits.

UP Stamp Duty Exemption for Pumped Storage Plants — Up to 100% Waiver is open to startups at any stage. It is open to startups registered anywhere in India.