Sarkari Yojana
“Assistance for Technology Acquisition” under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries”
About “Assistance for Technology Acquisition” under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries”
Run by Puducherry’s Industries and Commerce Department and effective from 1st April 2017 across the Union Territory, “Assistance for Technology Acquisition” funds the acquisition of appropriate technology, in any form, for a specific product or process, through a 50% grant capped at ₹10,00,000/-. Applications go through the offline prescribed form on the Department’s official website.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for "Assistance for Technology Acquisition" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries", applicants must satisfy the following conditions:
Assistance must be sought to set up a…
Assistance must be sought to set up a new unit using new technology.
Existing units also qualify for a new product…
Existing units also qualify for a new product or for improving their production process.
The unit must employ Puducherry residents for at…
The unit must employ Puducherry residents for at least 60% of its total workforce, and sustain this share for the period specified in its Affidavit.
The industrial unit must not transfer or dispose…
The industrial unit must not transfer or dispose of fixed assets, including plant and machinery, until 5 years have passed from the date of application or subsidy disbursement, whichever is later.
Additional investments by new/existing industrial units after their…
Additional investments by new/existing industrial units after their first claim also qualify for subsidy, up to the ceiling limit. *Units that began commercial production on or after 1-4-2017 count as new industries. *Units that began production before 1-4-2017 count as existing units. *The commencement date claimed by entrepreneurs is confirmed only after verification by Industries Department officials. Special Cases If the same person, common partners, or a common Board of Directors/shareholders set up two or more industrial undertakings, each unit is treated as a separate entity eligible for subsidy, provided the units are located differently and hold separate licenses/clearances/registrations.
Benefits Provided
"Assistance for Technology Acquisition" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries" provides the following benefits to eligible applicants:
Assistance: 50%. Ceiling: ₹10,00,000/-. Purpose: Acquiring appropriate technology, in any form, for a specific product/process. Number of Installments Paid in a single or multiple instalments, depending on fund availability. Mode of Disbursement
If the unit is financed by a financial…
If the unit is financed by a financial institution/bank, the subsidy is disbursed only through that institution/bank—applied against the entrepreneur's loan, or used for creating additional fixed assets or working capital.
Self-financed units receive the subsidy directly
Self-financed units receive the subsidy directly. *'Financial institution' includes PIPDIC or any other Government Corporation, and Scheduled Banks including Co-operative Banks.
Documents Required
Applicants should keep the following documents ready before starting the application:
Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of…
Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate.
Loan Sanction Letter
Loan Sanction Letter.
Receipt for the Payment to the Technology-Providing Institution/Agency
Receipt for the Payment to the Technology-Providing Institution/Agency.
Chartered Accountant Certificate for the Payment Made to…
Chartered Accountant Certificate for the Payment Made to the Quality Certifying Agency / Patent Attorney / Technical Providing Institution & Agency.
Approval Copy Obtained from the Director of Industries…
Approval Copy Obtained from the Director of Industries after Signing the Memorandum of Understanding (MOU) with the Technology-Providing Institution/Agency. *The industrial unit must submit production, employment, and other details annually and whenever the Industries and Commerce Department requests them.
How to Apply
Offline Application
Applicants can apply for "Assistance for Technology Acquisition" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries" through the offline application process outlined below.
The industrial unit must register its claim for…
The industrial unit must register its claim for the incentive/subsidy using the prescribed form on the Directorate of Industries and Commerce, Puducherry's official website.
Fill in all mandatory fields and attach copies…
Fill in all mandatory fields and attach copies of all mandatory documents (self-attested, if required).
Submit the completed, signed application form along with…
Submit the completed, signed application form along with the documents to the concerned authority.
Request a receipt or acknowledgement from the concerned…
Request a receipt or acknowledgement from the concerned authority, ensuring it includes essential details such as the date and time of submission and a unique identification number (if applicable). Post-Application Process
The Directorate of Industries scrutinizes applications on merit…
The Directorate of Industries scrutinizes applications on merit to determine the admissible incentive/subsidy amount, then places them before the State Level Committee.
The State Level Committee reviews each case's merits…
The State Level Committee reviews each case's merits to decide whether the unit qualifies, and recommends the admissible incentive/subsidy amount. Application Deadline For New Units Within one year of obtaining the Entrepreneurs Memorandum Part-2/Permanent Registration/Commencement of Production Certificate. For Existing Units Within one year of completing Expansion/Diversification/Modernization.
Exclusions / Who Is Not Eligible
Assistance will not be available for purchase of any plant and machinery or equipment.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.