Sarkari Yojana
“Innovation in Technology [Product (or) Process]” under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries – State Awards to Micro, Small and Medium Enterprises”
About “Innovation in Technology [Product (or) Process]” under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries – State Awards to Micro, Small and Medium Enterprises”
Offered by the Industries and Commerce Department, Union Territory of Puducherry, under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries – State Awards to Micro, Small and Medium Enterprises,” the “Innovation in Technology [Product (or) Process]” award honors industrial units that have secured a patent for their technological innovation. Formulated as part of the New Industrial Policy 2016, introduced on 4th October 2016, the scheme operates across the UT of Puducherry, with applications accepted offline through the prescribed form on the department’s official website.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for "Innovation in Technology [Product (or) Process]" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises”, applicants must satisfy the following conditions:
The unit must have obtained, or applied for,…
The unit must have obtained, or applied for, a patent covering its innovation.
The unit must have operated profitably for the…
The unit must have operated profitably for the 3 years preceding the application.
At least 60% of the unit's total workforce…
At least 60% of the unit's total workforce must be residents of the UT of Puducherry.
Benefits Provided
"Innovation in Technology [Product (or) Process]" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises” provides the following benefits to eligible applicants:
A cash award of ₹2,00,000/- along with a…
A cash award of ₹2,00,000/- along with a citation.
Documents Required
Applicants should keep the following documents ready before starting the application:
A copy of the granted Patent, or of…
A copy of the granted Patent, or of the filed Patent application.
Registration under Entrepreneurs Memorandum Part-2 (UAM/ PMT), or…
Registration under Entrepreneurs Memorandum Part-2 (UAM/ PMT), or else a certificate confirming Commencement of Production.
How to Apply
Offline Application
Applicants can apply for "Innovation in Technology [Product (or) Process]" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises” through the offline application process outlined below.
Applications for the award are invited by the Director of Industries through wide publicity.
The industrial unit applies for the award using…
The industrial unit applies for the award using the prescribed form on the official website of the Directorate of Industries and Commerce, Puducherry.
All mandatory fields in the form must be…
All mandatory fields in the form must be completed, with self-attested copies of the required documents attached.
The signed, filled-in form and documents are submitted…
The signed, filled-in form and documents are submitted to the concerned authority, either in person or by post. Post-Application Process
The Directorate of Industries and Commerce reviews the…
The Directorate of Industries and Commerce reviews the applications on merit for the state award, placing suitable cases before the Award Committee.
The Award Committee assesses each case on its…
The Award Committee assesses each case on its merits before deciding on the award.
The Director of Industries notifies the chosen enterprises…
The Director of Industries notifies the chosen enterprises so they can collect their awards.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.