Sarkari Yojana
Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector
About Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector
The Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu runs “Assistance For Furniture Sector” as a sub scheme of the “Investment Promotion Scheme (IPS)” for MSME Sector. First launched on 3rd July, 2015 for five years, it has been extended further from 20th May, 2022 and is to be operative till 19th May, 2027. > Objective of the “Investment Promotion Scheme (IPS)”:
Specialised Thrust Sectors such as Plastic Furniture, Steel Furniture, Brass Furniture, Metal Furniture, Cane Furniture, Wooden Furniture, Bamboo Furniture, Fibre Glass Furniture and Marble Furniture etc are meant to get a further fillip under the scheme, making the U.T. a Special Hub for the furniture sector. Along with this, it aims to maximize Women participation in business, cut unemployment among local residents and reward industries that employ resident laborers etc. > Objective of the “Assistance For Furniture Sector” Sub-scheme:
Eligible furniture sector enterprises can draw on several kinds of subsidy under this sub-scheme, i.e. Capital Investment Subsidy, Credit linked Interest Subsidy, reimbursement on cost of establishment, space rent subsidy etc.
Scheme Overview
State Government
03 Jul 2015
Scheme Details
Eligibility Requirements
To qualify for Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector, applicants must satisfy the following conditions:
Units qualify if they are New Manufacturing/ Service…
Units qualify if they are New Manufacturing/ Service units, or Existing Manufacturing/ Service units that take up Expansion/ Diversification in the MSME sector.
Commercial production should have been launched between 20.05.2022…
Commercial production should have been launched between 20.05.2022 to 19.05.2027.
The unit needs a location inside the U.T
The unit needs a location inside the U.T. of Dadra and Nagar Haveli & Daman and Diu.
Applications go through the online portal and must…
Applications go through the online portal and must be filed within one year from the date of eligibility.
Benefits Provided
Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector provides the following benefits to eligible applicants:
Capital Investment Subsidy:
A 20% reimbursement is allowed, up to a maximum of ₹50,00,000/-.
Credit Linked Interest Subsidy:
Interest is subsidised at 60% per annum, capped at ₹50,00,000/- per annum, for 5 years OR the loan repayment period, whichever is earlier.
Space Rent Subsidy:
When the Furniture Industry participates in industrial exhibitions in foreign countries, 50% of the actual rent paid is covered, up to a maximum of ₹5,00,000/-.
Reimbursement on Course Fee:
For training in manufacture of modern furniture at reputed institutions, 50% of the course fee, limited to ₹75,000/- per person, is reimbursed for a maximum of 5 persons per industry course.
Power Rate Incentive:
Units are reimbursed ₹1/- per unit for one year from the date production commences, subject to a maximum of ₹50,00,000/- Lakhs. Reimbursement on the cost of establishment of Showroom:
Owned Showroom:
The reimbursement is 20%, up to a maximum of ₹50,00,000/-.
Rented Showroom:
For 3 years, 25% of the actual rent is reimbursed, provided the showroom measures at least 2000 square feet.
Documents Required
Applicants should keep the following documents ready before starting the application:
CIN document showing the Corporate Identification Number
CIN document showing the Corporate Identification Number.
TIN document showing the Taxpayer Identification Number
TIN document showing the Taxpayer Identification Number.
PAN document showing the Permanent Account Number
PAN document showing the Permanent Account Number.*
GST document showing the Goods and Services Tax…
GST document showing the Goods and Services Tax Number.
Documents covering Other Registrations
Documents covering Other Registrations.
Copy of the applicable Udyam Registration /Industrial Entrepreneur…
Copy of the applicable Udyam Registration /Industrial Entrepreneur Memorandum.
For a partnership concern
For a partnership concern: copies of the Partnership Deed and Firm Registration Certificate. For Public/Private Limited companies: copies of the Memorandum & Articles of Association and Date of Incorporation Certificate.
Copy of the land purchase deed with the…
Copy of the land purchase deed with the applicant's signature, where the Enterprise is on its own land.
Copy of the registered lease agreement for 5…
Copy of the registered lease agreement for 5 years or more from the date of commencement of commercial production, where the Enterprise is on leased land/ building.
Copy of the Electricity Department's sanction order for…
Copy of the Electricity Department's sanction order for power supply and the newest bill.
Authorization letter
Authorization letter.
Consent to Operate / Renewal from PCC, DNH…
Consent to Operate / Renewal from PCC, DNH & DD (copy), as applicable for Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021.
Factory licence held by the unit (copy)
Factory licence held by the unit (copy).
Undertaking
Undertaking.
Proof showing participation in Exhibitions
Proof showing participation in Exhibitions.
Bills certified by a Chartered Accountant
Bills certified by a Chartered Accountant.
Statement from the Bank
Statement from the Bank.
2015-07-03
How to Apply
Online Application
Applicants can apply for Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector through the online application process outlined below.
Registration Process :
Head to the Official Website's Registration page
Head to the Official Website's Registration page.
Enter the details sought in each input space…
Enter the details sought in each input space and click “Register” to proceed.
Verify the email address through the verification link…
Verify the email address through the verification link sent to it (If Mail is Not Received Your Inbox. Please Check the Spam).
When you click the Link/URL in that email,…
When you click the Link/URL in that email, or paste it in the browser's address bar, Account Verification is done.
Input “111111” as the OTP to verify your…
Input “111111” as the OTP to verify your mobile number; your Mobile Number and Pin are emailed to the registered Email Address next.
Upon successful registration, your registered email gets the…
Upon successful registration, your registered email gets the login credentials. Application Process :
Proceed to the Login page for users of…
Proceed to the Login page for users of the Official Website.
Enter the registered Mobile Number and the PIN…
Enter the registered Mobile Number and the PIN sent to your email, then hit “Log In”.
When the Log In is successful, click the…
When the Log In is successful, click the “Departments & Services” tab from the menu bar on the left side.
Scroll down to the listing for “District Industries…
Scroll down to the listing for “District Industries Centre DD & DNH” and press “Click Here” to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”.
In the “Common Application Form” now open, enter…
In the “Common Application Form” now open, enter every detail in the required input fields and upload all mandatory documents.
Look over the details once all information is…
Look over the details once all information is entered and click “Submit” to complete 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.