Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials

Only Handloom and Handicrafts artisans may apply

Only Handloom and Handicrafts artisans may apply.

Residence in the U.T

Residence in the U.T. of Dadra and Nagar Haveli & Daman and Diu is required.

Applicants have to be more than 18 years…

Applicants have to be more than 18 years old.

The applicant should intend to buy machinery or…

The applicant should intend to buy machinery or raw materials to develop the business.

Applicants need Handloom or Handicraft skills and must…

Applicants need Handloom or Handicraft skills and must show the products they have made to a committee made up of the GM (DIC), Director (Tourism) and CEO (District Panchayat).

Subsidy Rate:

Half (50%) of the amount invested in machinery is subsidised.

Maximum Subsidy Amount:

The subsidy can go up to ₹2,00,000/-. Working Capital Loan Subsidy:

Subsidy Rate:

50% of any working capital loan (e.g., for buying raw materials) is covered.

Maximum Subsidy Amount:

This too is limited to ₹2,00,000/-. Note: Scheduled Castes/ Scheduled Tribes/ Women/ Differently abled persons with 30% or more disability are entitled to a further 10% subsidy.

Corporate Identification Number (CIN) papers

Corporate Identification Number (CIN) papers.

Taxpayer Identification Number (TIN) papers

Taxpayer Identification Number (TIN) papers.

Permanent Account Number (PAN) papers

Permanent Account Number (PAN) papers.*

Goods and Services Tax Number (GST) papers

Goods and Services Tax Number (GST) papers.

Papers for other registrations

Papers for other registrations.

Udyam Registration /Industrial Entrepreneur Memorandum, where applicable (copy)

Udyam Registration /Industrial Entrepreneur Memorandum, where applicable (copy).

Copies of the Partnership Deed and Firm Registration…

Copies of the Partnership Deed and Firm Registration Certificate (partnership concerns) or of the Memorandum & Articles of Association and Date of Incorporation Certificate (Public/Private Limited companies).

Where the Enterprise works from its own land,…

Where the Enterprise works from its own land, the land purchase deed signed by the applicant (copy).

Where the Enterprise works from leased land/ building,…

Where the Enterprise works from leased land/ building, a registered lease agreement running at least 5 years from commencement of commercial production (copy).

Electricity Department sanction order for the power connection,…

Electricity Department sanction order for the power connection, plus the latest bill (copy).

Letter authorizing the representative

Letter authorizing the representative.

PCC, DNH & DD Consent to Operate /…

PCC, DNH & DD Consent to Operate / Renewal, as applicable per Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021 (copy).

Factory licence held by the unit (copy)

Factory licence held by the unit (copy).

Signed Undertaking

Signed Undertaking.

Evidence that the Applicant is a Handloom or…

Evidence that the Applicant is a Handloom or Handicraft artisan.

Applicant's proof of age

Applicant's proof of age.

Further documents, if needed

Further documents, if needed.