Sarkari Yojana
Investment Promotion Scheme (IPS) 2022- for Thrust Sectors: Scheme For Vaccine Manufacturing Units
About Investment Promotion Scheme (IPS) 2022- for Thrust Sectors: Scheme For Vaccine Manufacturing Units
The “Scheme For Vaccine Manufacturing Units” sits within the “Investment Promotion Scheme (IPS)- 2022” for Thrust Sectors as one of its sub-schemes. The Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu launched it on 07th May 2022, to run for five years. > Objective of the “Investment Promotion Scheme (IPS)- 2022”:
- Incentives and assistance are offered to the MSME Sector so that units can grow, stay shielded from market vagaries and become vibrant and successful.
- Identified Thrust sectors, namely Furniture, Marble, IT & ITeS, Electric Vehicles & Spare Parts, Toys and Semi-Conductor Industries Sector, Medical Equipment and Accessories, Medical diagnostics and AYUSH Products, Vaccine Manufacturing units, Food Processing and Marine Products, are given a push so the U.T becomes a manufacturing hub for these goods.
- Export value of Processed Products is to be doubled, and the U.T is to become a centre for these identified export items.
- Industry is encouraged through incentives to adopt environment protection measures, use scarce resources wisely and ensure inter generational equity.
- Unemployment among local residents is to be cut by rewarding industries that hire resident labourers.
- Incentives aim to bring the maximum number of Women into business.
- First generation Entrepreneurs are encouraged and backed in their entrepreneurial efforts.
- The Territory’s youth are to sharpen their Entrepreneurship skills, building a skilled workforce.
- Specialised Textile segments such as Technical textiles, Fabrics, Carpets, Garments, Apparels, Industries Manufacturing Textile Machinery and Medical Fabrics get an extra boost, turning the U.T. into a Special Hub for Technical Textiles.
- Innovation in industry is promoted by encouraging firms to take up Research & Development (R&D) work and secure Patents at both National and International Level.
Objective of the ” Scheme For Vaccine Manufacturing Units” Sub-scheme: Vaccine Manufacturing Units receive Credit-Linked Interest Subsidy as well as Capital Subsidy under this sub-scheme.
Scheme Overview
State Government
Business Entity
20 May 2022
Scheme Details
Eligibility Requirements
To qualify for Investment Promotion Scheme (IPS) 2022- for Thrust Sectors: Scheme For Vaccine Manufacturing Units, applicants must satisfy the following conditions:
Both New Enterprises and Existing Enterprises qualify, provided…
Both New Enterprises and Existing Enterprises qualify, provided they began commercial production while the Scheme was in force.
For manufacturing incentives, only Gross Fixed Capital Investment…
For manufacturing incentives, only Gross Fixed Capital Investment (GFCI) in New Building, New Plant & Machinery / Equipment and Machineries counts; land is excluded.
Every year, before September ends, the enterprise must…
Every year, before September ends, the enterprise must report its production, sales, turnover, employment etc. to the concerned DIC.
Pollution Control measures laid down by the PCC…
Pollution Control measures laid down by the PCC or another competent authority must be followed.
Production must continue for 5 years from the…
Production must continue for 5 years from the date of commercial production; if it stops earlier, the Capital Investment Subsidy paid out will be recovered as arrears of land revenue.
During the policy period, subsidy is allowed for…
During the policy period, subsidy is allowed for only one activity, either Diversification or Expansion, and only once.
An Existing or New Enterprise undertaking Expansion or…
An Existing or New Enterprise undertaking Expansion or Diversification qualifies if it invests more than 50% of GFCI, with at least 60% of that investment going into Plant & machinery.
Bills submitted must be certified by a Chartered…
Bills submitted must be certified by a Chartered Accountant.
Subsidy covers loans sanctioned by a Bank or…
Subsidy covers loans sanctioned by a Bank or Financial Institution under RBI guidelines to industries located in the U.T.
No Interest Subsidy is given where the term…
No Interest Subsidy is given where the term loan is sanctioned more than one year after commercial production begins.
The online application must be made within one…
The online application must be made within one year of the loan's first disbursement or by the date commercial production commences, whichever is later.
Interest subsidy starts from the first loan disbursement…
Interest subsidy starts from the first loan disbursement date or the date commercial production commences, whichever falls later.
Interest subsidy is reimbursed only once the enterprise…
Interest subsidy is reimbursed only once the enterprise has started commercial production.
Any period during which the enterprise defaults on…
Any period during which the enterprise defaults on interest or term-loan instalments to the Bank/Financial institution, as per RBI guidelines and as shown in the Bank/Financial institution certificate, will be deducted.
Only interest charged by the financial institution/banks is…
Only interest charged by the financial institution/banks is covered by the subsidy.
Penal interest and other bank charges are not…
Penal interest and other bank charges are not covered.
The enterprise must itself bear at least 2%…
The enterprise must itself bear at least 2% of the interest levied on the term loan by any Bank / Financial institution, and must submit details and an undertaking to that effect.
The subsidy amount is credited straight to the…
The subsidy amount is credited straight to the Bank / Financial institution.
Benefits Provided
Investment Promotion Scheme (IPS) 2022- for Thrust Sectors: Scheme For Vaccine Manufacturing Units provides the following benefits to eligible applicants:
Credit Linked Interest Subsidy:
Vaccine Manufacturing Units get 70% of the interest charged by the Bank, capped at Rs.60 Lakhs per annum, for 5 years or the loan repayment period, whichever ends sooner.
Capital investment Subsidy:
15% of the investment is reimbursed, subject to a ceiling of 10 crores.
Documents Required
Applicants should keep the following documents ready before starting the application:
Document showing the Corporate Identification Number (CIN)
Document showing the Corporate Identification Number (CIN).
Document showing the Taxpayer Identification Number (TIN)
Document showing the Taxpayer Identification Number (TIN).
Document showing the Permanent Account Number (PAN)
Document showing the Permanent Account Number (PAN).*
Document showing the Goods and Services Tax Number…
Document showing the Goods and Services Tax Number (GST).
Documents of any other registrations
Documents of any other registrations.
Udyam Registration /Industrial Entrepreneur Memorandum copy, whichever applies
Udyam Registration /Industrial Entrepreneur Memorandum copy, whichever applies.
For a partnership concern, copies of the Partnership…
For a partnership concern, copies of the Partnership Deed and Firm Registration Certificate; for Public/Private Limited companies, the Memorandum & Articles of Association and the Date of Incorporation Certificate.
Land purchase deed signed by the applicant, if…
Land purchase deed signed by the applicant, if the Enterprise runs on its own land (copy).
Registered lease agreement valid for at least 5…
Registered lease agreement valid for at least 5 years from the start of commercial production, if the Enterprise runs on leased land/ building (copy).
Electricity Department's power supply sanction order along with…
Electricity Department's power supply sanction order along with the most recent bill (copy).
Letter of authorization
Letter of authorization.
Consent to Operate / Renewal issued by PCC,…
Consent to Operate / Renewal issued by PCC, DNH & DD, as applicable under Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021 (copy).
Factory licence (copy)
Factory licence (copy).
Undertaking
Undertaking.
Bills certified by a Chartered Accountant
Bills certified by a Chartered Accountant.
2022-05-20
How to Apply
Online Application
Applicants can apply for Investment Promotion Scheme (IPS) 2022- for Thrust Sectors: Scheme For Vaccine Manufacturing Units through the online application process outlined below.
Registration Process :
Open the Registration page on the Official Website
Open the Registration page on the Official Website. "https://swp.dddgov.in/"
Fill in the requested details in each field…
Fill in the requested details in each field and press “Register”.
Confirm your email address through the verification link…
Confirm your email address through the verification link mailed to you (if it is not in your Inbox, look in the Spam folder).
Either click the Link/URL in that email or…
Either click the Link/URL in that email or paste it into your browser's address bar to finish verifying the account.
Type “111111” as the OTP to confirm your…
Type “111111” as the OTP to confirm your mobile number. Your Mobile Number and Pin will then be mailed to the registered Email Address.
After registration succeeds, the login credentials arrive at…
After registration succeeds, the login credentials arrive at the registered email. Application Process :
Go to the user Login page on the…
Go to the user Login page on the Official Website. "https://swp.dddgov.in/"
Key in the registered Mobile Number and the…
Key in the registered Mobile Number and the PIN emailed to you, and press “Log In”.
Once logged in, choose the “Departments & Services”…
Once logged in, choose the “Departments & Services” tab from the menu on the left.
Scroll to “District Industries Centre DD & DNH”…
Scroll to “District Industries Centre DD & DNH” and press the “Click Here” button to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”.
The “Common Application Form” opens; complete the required…
The “Common Application Form” opens; complete the required fields and upload every mandatory document.
Check all the entered details and press “Submit”…
Check all the entered details and press “Submit” to finish the application.
Exclusions / Who Is Not Eligible
- The Enterprise will not be eligible for Interest Subsidy under this Scheme if, term loan is sanctioned after one year from the date of commencement of commercial production.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.