Sarkari Yojana
Investment Promotion Scheme (IPS) for Textile Sector: Assistance Of Interest Subsidy For Textile Sector
About Investment Promotion Scheme (IPS) for Textile Sector: Assistance Of Interest Subsidy For Textile Sector
The “Assistance Of Interest Subsidy For Textile Sector” is a sub scheme of the “Investment Promotion Scheme (IPS)” for MSME Sector, run by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu. Launched on 3rd July, 2015 with a five-year horizon, it was extended from 20th May, 2022 and will remain operative till 19th May, 2027. > Objective of the “Investment Promotion Scheme (IPS)”:
The scheme wants to give a further fillip to the specialized Textile sector, including Technical textiles, Fabrics, Carpets, Garments, Apparels, Industries Manufacturing Textile Machinery and Medical Fabrics, so that the U.T. becomes a Special Hub for Technical Textiles. It also aims to maximise Women participation in business, reduce unemployment among local residents and incentivize industries to employ resident laborers etc. > Objective of the “Assistance Of Interest Subsidy For Textile Sector” Sub-scheme:
A credit linked interest subsidy is offered under this sub-scheme for Textiles, Technical Textiles, Fabrics, Carpets, Garments, Apparels and Industries manufacturing Textile Machinery, Medical Fabrics and Textiles.
Scheme Overview
State Government
Business Entity
03 Jul 2015
Scheme Details
Eligibility Requirements
To qualify for Investment Promotion Scheme (IPS) for Textile Sector: Assistance Of Interest Subsidy For Textile Sector, applicants must satisfy the following conditions:
Applying units have to be New Manufacturing/ Service…
Applying units have to be New Manufacturing/ Service units, or Existing Manufacturing/ Service units engaged in Expansion/ Diversification in the MSME sector.
Their commercial production must have commenced between 20.05.2022…
Their commercial production must have commenced between 20.05.2022 to 19.05.2027.
The unit must be set up in the…
The unit must be set up in the U.T. of Dadra and Nagar Haveli & Daman and Diu.
The online portal application must be made within…
The online portal application must be made within one year of the date of eligibility.
Benefits Provided
Investment Promotion Scheme (IPS) for Textile Sector: Assistance Of Interest Subsidy For Textile Sector provides the following benefits to eligible applicants:
The Bank's interest charge is subsidised at 60%,…
The Bank's interest charge is subsidised at 60%, with an upper ceiling of ₹60,00,000/- per annum, for 5 years OR the loan repayment period, whichever is earlier.
Export oriented Carpet industry gets an extra 10%…
Export oriented Carpet industry gets an extra 10% subsidy, up to a maximum of ₹70,00,000/- per annum.
Documents Required
Applicants should keep the following documents ready before starting the application:
Corporate Identification Number (CIN) — supporting document
Corporate Identification Number (CIN) — supporting document.
Taxpayer Identification Number (TIN) — supporting document
Taxpayer Identification Number (TIN) — supporting document.
Permanent Account Number (PAN) — supporting document
Permanent Account Number (PAN) — supporting document.*
Goods and Services Tax Number (GST) — supporting…
Goods and Services Tax Number (GST) — supporting document.
Other Registrations — supporting documents
Other Registrations — supporting documents.
Copy of Udyam Registration /Industrial Entrepreneur Memorandum, if…
Copy of Udyam Registration /Industrial Entrepreneur Memorandum, if it applies.
Copies of either the Partnership Deed and Firm…
Copies of either the Partnership Deed and Firm Registration Certificate (partnership concern), or the Memorandum & Articles of Association and Date of Incorporation Certificate (Public/Private Limited companies).
A copy of the land purchase deed duly…
A copy of the land purchase deed duly signed by the applicant, when the Enterprise is located on its own land.
A copy of the registered lease agreement for…
A copy of the registered lease agreement for no less than 5 years from the date of commencement of commercial production, when the Enterprise is located on leased land/ building.
A copy of the Electricity Department's power supply…
A copy of the Electricity Department's power supply sanction order, accompanied by the latest bill.
Letter of authorization
Letter of authorization.
A copy of Consent to Operate / Renewal…
A copy of Consent to Operate / Renewal from PCC, DNH & DD, 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.
Undertaking to be signed
Undertaking to be signed.
2015-07-03
How to Apply
Online Application
Applicants can apply for Investment Promotion Scheme (IPS) for Textile Sector: Assistance Of Interest Subsidy For Textile Sector through the online application process outlined below.
Registration Process :
Open the Registration page from the Official Website
Open the Registration page from the Official Website.
Give the information asked for in the input…
Give the information asked for in the input spaces and click on the “Register” button.
Verify your email address via the link mailed…
Verify your email address via the link mailed to you (If Mail is Not Received Your Inbox. Please Check the Spam).
Either click the Link/URL in the mail or…
Either click the Link/URL in the mail or paste it into your browser's address bar; this completes Account Verification.
Next, type in “111111” as OTP for mobile…
Next, type in “111111” as OTP for mobile number verification, after which the Mobile Number and Pin get sent to the registered Email Address.
After registration is complete, login credentials are delivered…
After registration is complete, login credentials are 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.
Fill in the registered Mobile Number and the…
Fill in the registered Mobile Number and the PIN received on email, and click “Log In”.
Having logged in successfully, click on the “Departments…
Having logged in successfully, click on the “Departments & Services” tab in the menu bar to the left.
Scroll down until “District Industries Centre DD &…
Scroll down until “District Industries Centre DD & DNH” appears, then click “Click Here” to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”.
In the “Common Application Form”, enter all details…
In the “Common Application Form”, enter all details in the required fields and upload each mandatory document.
Verify all of the entered information and click…
Verify all of the entered information and click “Submit” to finish your 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.