Sarkari Yojana
Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy
About Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy
The Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu introduced “Assistance of Interest Subsidy” as a sub scheme under the “Investment Promotion Scheme (IPS)” for MSME Sector. Launched on 3rd July, 2015, it was meant to last five years, but it has been extended further from 20th May, 2022 and will stay operative till 19th May, 2027. > Objective of the “Investment Promotion Scheme (IPS)”:
Incentives and assistance for the MSME Sector lie at the heart of the scheme: they nurture units, keep them protected from market vagaries and help them turn vibrant and successful. The scheme likewise works towards maximum Women participation in business, less unemployment among local residents and incentives for industries hiring resident laborers etc. > Objective of the “Assistance of Interest Subsidy” Sub-scheme:
This incentive gives eligible industries an Interest Subsidy on term loans taken for equipment/ machinery etc. and furniture’s/ fixtures; land and building are excluded.
Scheme Overview
State Government
Business Entity
03 Jul 2015
Scheme Details
Eligibility Requirements
To qualify for Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy, applicants must satisfy the following conditions:
Eligibility extends to New Manufacturing/ Service units and…
Eligibility extends to New Manufacturing/ Service units and to Existing Manufacturing / Service units that undertake Expansion/ Diversification in the MSME sector.
The unit must have started commercial production between…
The unit must have started commercial production between 20.05.2022 to 19.05.2027.
Being located in the U.T
Being located in the U.T. of Dadra and Nagar Haveli & Daman and Diu is a must.
The enterprise has to stay in production for…
The enterprise has to stay in production for 5 years after the date of commercial production.
Pollution Control measures laid down by PCC or…
Pollution Control measures laid down by PCC or any other competent authority under Notification No. PCC/DMN/13(PART IV)/2020-2021/448 DATED 25/01/2021 must be followed.
The loan has to be sanctioned by a…
The loan has to be sanctioned by a Bank or Financial Institution in line with RBI guidelines.
The application should be made within one year…
The application should be made within one year of the first loan disbursement, or on or before one year from the date commercial production commences.
Benefits Provided
Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy provides the following benefits to eligible applicants:
Half (50%) of the interest charged by the…
Half (50%) of the interest charged by the Bank is subsidised, up to ₹30,00,000/- per annum, for 5 years OR the loan repayment period, whichever ends earlier. Note:
Differently abled entrepreneurs, women entrepreneurs and registered Start…
Differently abled entrepreneurs, women entrepreneurs and registered Start up in manufacturing /service sector receive an additional 10% interest subsidy.
Young entrepreneurs who are below the age of…
Young entrepreneurs who are below the age of 35 years on the date the term loan is sanctioned get an additional 10% subsidy.
Documents Required
Applicants should keep the following documents ready before starting the application:
Corporate Identification Number (CIN) document, copy
Corporate Identification Number (CIN) document, copy.
Taxpayer Identification Number (TIN) document, copy
Taxpayer Identification Number (TIN) document, copy.
Permanent Account Number (PAN) document, copy
Permanent Account Number (PAN) document, copy.*
Goods and Services Tax Number (GST) document, copy
Goods and Services Tax Number (GST) document, copy.
Documents of Other Registrations, if any
Documents of Other Registrations, if any.
Udyam Registration /Industrial Entrepreneur Memorandum copy (whichever is…
Udyam Registration /Industrial Entrepreneur Memorandum copy (whichever is applicable).
If the applicant is a partnership concern, copies…
If the applicant is a partnership concern, copies of the Partnership Deed and Firm Registration Certificate; if it is a Public/Private Limited company, copies of the Memorandum & Articles of Association and Date of Incorporation Certificate.
Copy of the land purchase deed signed by…
Copy of the land purchase deed signed by the applicant, for an Enterprise working on its own land.
Copy of the registered lease agreement for a…
Copy of the registered lease agreement for a minimum of 5 years starting from the date of commencement of commercial production, for an Enterprise working on leased land/ building.
Copies of the Electricity Department's power supply sanction…
Copies of the Electricity Department's power supply sanction order and the latest bill.
Authorization letter issued by the enterprise
Authorization letter issued by the enterprise.
Copy of Consent to Operate / Renewal from…
Copy of 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.
Copy of the Factory licence obtained
Copy of the Factory licence obtained.
Undertaking signed by the applicant
Undertaking signed by the applicant.
2015-07-03
How to Apply
Online Application
Applicants can apply for Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy through the online application process outlined below.
Registration Process :
Open the Registration page of the Official Website…
Open the Registration page of the Official Website in your browser.
Provide the requested information in each input space…
Provide the requested information in each input space and select “Register”.
To verify your email address, use the verification…
To verify your email address, use the verification link sent to that email (If Mail is Not Received Your Inbox. Please Check the Spam).
Click the Link/URL received in the email, or…
Click the Link/URL received in the email, or paste it into the browser's address bar, and your Account Verification is complete.
Verify your mobile number by entering “111111” as…
Verify your mobile number by entering “111111” as OTP. The Mobile Number and Pin will be dispatched to the registered Email Address.
Once registration has gone through, the login credentials…
Once registration has gone through, the login credentials are emailed to your registered address. Application Process :
Go to the Official Website's user Login page
Go to the Official Website's user Login page.
Enter the Mobile Number you registered and the…
Enter the Mobile Number you registered and the PIN emailed to you, then click “Log In”.
Following a successful Log In, choose the “Departments…
Following a successful Log In, choose the “Departments & Services” tab from the menu bar on the left side.
Scroll till you see “District Industries Centre DD…
Scroll till you see “District Industries Centre DD & DNH” and click the “Click Here” button to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”.
The “Common Application Form” loads; supply every required…
The “Common Application Form” loads; supply every required detail and upload all the mandatory documents.
After entering the information, confirm the details and…
After entering the information, confirm the details and press “Submit” to complete applying. Heldesk : District Industries Centre, Contact No.: 0260-2260871 / 0260-2260310 E-mail Address: dic-dd@nic.in Technical Assistance for the Single Window Portal (i.e. https://investdd.in) is reachable on Contact No. : 0260-2231885 / 2231886 and E-Mail : ddegs-dd@nic.in
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/ rendering services.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.