Sarkari Yojana
Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries
About Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries
“Financial Assistance To Cottage Industries” is one of the sub-schemes of the “Investment Promotion Scheme (IPS)” for Cottage Industries. The Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu first introduced it on 3rd July, 2015 for five years, and it has since been extended from 20th May, 2022, remaining in force until 19th May, 2027. > Objective of the “Investment Promotion Scheme (IPS)”:
The IPS sets out to support the MSME Sector with incentives and assistance, helping units grow and stay protected from market vagaries so they become vibrant and successful. It also seeks to make the U.T. a Special Hub for the MSME sector, bring as many Women as possible into business, lower unemployment among local residents and reward industries that hire resident labourers etc. > Objective of the “Financial Assistance To Cottage Industries” Sub-scheme:
Cottage Industries that have taken a term loan from Nationalized Banks, Cooperative banks, Public sector Banks or Private Banks are given financial assistance on that loan.
Scheme Overview
State Government
Business Entity, Individual
03 Jul 2015
Scheme Details
Eligibility Requirements
To qualify for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries, applicants must satisfy the following conditions:
Applicants must be linked to a Cottage Industry
Applicants must be linked to a Cottage Industry.
Only those older than 18 years can apply
Only those older than 18 years can apply.
Applicants need to have cleared at least standard…
Applicants need to have cleared at least standard Four (IV).
At least one month of training in the…
At least one month of training in the proposed line of business from a Government of India recognized Institute is required. Or, At least 1 year of experience in the same activity will also qualify the applicant Or Being a hereditary craftsperson is accepted as well.
Benefits Provided
Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries provides the following benefits to eligible applicants:
Rate of Capital Subsidy:
A Cottage Industry being set up receives 25% of its term loan amount, limited to ₹5,00,000/-.
Rate of Interest Subsidy:
For up to 5 years after Production begins, half (50%) of the Interest charged by the Bank or NBFC or Cooperative Bank is paid back. Note:
Scheduled Castes/ Scheduled Tribes / Women/ Differently abled…
Scheduled Castes/ Scheduled Tribes / Women/ Differently abled persons with 30% or more disability get an extra 10% capital subsidy.
The Bank Loan can be no larger than…
The Bank Loan can be no larger than ₹20,00,000/-.
Documents Required
Applicants should keep the following documents ready before starting the application:
CIN (Corporate Identification Number) proof
CIN (Corporate Identification Number) proof.
TIN (Taxpayer Identification Number) proof
TIN (Taxpayer Identification Number) proof.
PAN (Permanent Account Number) proof
PAN (Permanent Account Number) proof.*
GST (Goods and Services Tax Number) proof
GST (Goods and Services Tax Number) proof.
Proof of other registrations held
Proof of other registrations held.
A copy of the Udyam Registration /Industrial Entrepreneur…
A copy of the Udyam Registration /Industrial Entrepreneur Memorandum, as the case may be.
Partnership concerns should attach the Partnership Deed and…
Partnership concerns should attach the Partnership Deed and Firm Registration Certificate, while Public/Private Limited companies should attach the Memorandum & Articles of Association and Date of Incorporation Certificate (copies).
If the unit operates on its own land,…
If the unit operates on its own land, a copy of the land purchase deed bearing the applicant's signature.
If the unit operates from leased land/ building,…
If the unit operates from leased land/ building, a copy of the registered lease covering no less than 5 years from commencement of commercial production.
A copy of the power supply sanction order…
A copy of the power supply sanction order from the Electricity Department, together with the latest electricity bill.
Authorization letter
Authorization letter.
A copy of the Consent to Operate /…
A copy of the Consent to Operate / Renewal from PCC, DNH & DD (where applicable under Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021).
A copy of the Factory licence
A copy of the Factory licence.
An Undertaking
An Undertaking.
Other documents, if called for
Other documents, if called for.
2015-07-03
How to Apply
Online Application
Applicants can apply for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries through the online application process outlined below.
Registration Process :
Head to the Registration page of the Official…
Head to the Registration page of the Official Website.
Enter your details in the fields provided and…
Enter your details in the fields provided and select “Register”.
A verification link will be emailed to you;…
A verification link will be emailed to you; use it to confirm your email address (check Spam if it has not reached your Inbox).
Account verification is completed by clicking that Link/URL…
Account verification is completed by clicking that Link/URL or pasting it into the browser's address bar.
Next, verify your mobile number by entering “111111”…
Next, verify your mobile number by entering “111111” as the OTP, after which your Mobile Number and Pin are sent to your registered Email Address.
When registration is complete, your login credentials will…
When registration is complete, your login credentials will be delivered to the registered email. Application Process :
Navigate to the user Login page of the…
Navigate to the user Login page of the Official Website.
Sign in with your registered Mobile Number and…
Sign in with your registered Mobile Number and the PIN received by email by clicking “Log In”.
In the left-hand menu bar, select the “Departments…
In the left-hand menu bar, select the “Departments & Services” tab.
Find “District Industries Centre DD & DNH” further…
Find “District Industries Centre DD & DNH” further down and use its “Click Here” button to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”.
In the “Common Application Form” that appears, fill…
In the “Common Application Form” that appears, fill every required field and attach all the mandatory documents.
Review the information carefully, then hit “Submit” to…
Review the information carefully, then hit “Submit” to complete your application.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.
