Sarkari Yojana

Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Marble, IT & ITES, Electric Vehicles & Spare Parts, Toys Units And Semi-Conduct or Industries Sectors

Quick Summary: Marble, IT & ITeS, electric vehicle and spare parts, toy and semiconductor units in Dadra and Nagar Haveli & Daman and Diu can get a 60% credit linked interest subsidy and a capital investment subsidy of 20% (small units) or 15% (large semiconductor units) under IPS.

About Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Marble, IT & ITES, Electric Vehicles & Spare Parts, Toys Units And Semi-Conduct or Industries Sectors

“Assistance For Marble, IT & ITES, Electric Vehicles & Spare Parts, Toys Units And Semi-Conduct or Industries Sectors” is a sub scheme of the “Investment Promotion Scheme (IPS)” for MSME Sector. It was introduced on 3rd July, 2015 by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu with a five-year validity, which has been extended from 20th May, 2022 so that the scheme stays operative till 19th May, 2027. > Objective of the “Investment Promotion Scheme (IPS)”:

The scheme sets out to give a further fillip to specialised Thrust Sectors like Plastic Furniture, Steel Furniture, Brass Furniture, Metal Furniture, Cane Furniture, Wooden Furniture, Bamboo Furniture, Fibre Glass Furniture and Marble Furniture etc, so that the U.T. turns into a Special Hub for the furniture sector. It is equally aimed at maximum Women participation in business, lower unemployment among local residents and incentives for industries employing resident laborers etc. > Objective of the “Assistance For Marble, IT & ITES, Electric Vehicles & Spare Parts, Toys Units And Semi-Conduct or Industries Sectors” Sub-scheme:

This sub-scheme offers Subsidy to promote the Marble, IT & ITeS, Electric Vehicles & Spare Parts, Toys Units and Semi-Conductor Industries Sectors.

Scheme Overview

Government Level

State Government

Eligible Entity

Business Entity

Launch / Open Date

03 Jul 2015

Scheme Details

Eligibility

Eligibility Requirements

To qualify for Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Marble, IT & ITES, Electric Vehicles & Spare Parts, Toys Units And Semi-Conduct or Industries Sectors, applicants must satisfy the following conditions:

✅

The applicant should be either a New Manufacturing/…

The applicant should be either a New Manufacturing/ Service unit or an Existing Manufacturing/ Service unit undertaking Expansion/ Diversification in the MSME sector.

✅

The start of commercial production must fall between…

The start of commercial production must fall between 20.05.2022 to 19.05.2027.

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Only units within the U.T

Only units within the U.T. of Dadra and Nagar Haveli & Daman and Diu can apply.

✅

The enterprise must apply on the online portal…

The enterprise must apply on the online portal no later than one year from the date of eligibility.

Applicants must meet all of the above conditions to be considered eligible for this scheme.
Benefits

Benefits Provided

Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Marble, IT & ITES, Electric Vehicles & Spare Parts, Toys Units And Semi-Conduct or Industries Sectors provides the following benefits to eligible applicants:

💰

Credit Linked Interest Subsidy:

A 60% per annum interest subsidy is given, with a ceiling of ₹50,00,000/- lakhs per annum, for Five years OR the loan repayment period, whichever is earlier. Capital Investment Subsidy:

💰

For Small Units:

Small units are reimbursed 20% of the Gross Fixed Capital Investment they make, subject to a maximum of ₹50,00,000/- per unit.

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For Large units in Semiconductor Sector:

Large semiconductor units get back 15% of their Gross Fixed Capital Investment, subject to a maximum of ₹7,50,00,000/-.

Benefit amounts and conditions may vary by category — refer to the official scheme guidelines for exact figures applicable to your case.
Documents Required

Documents Required

Applicants should keep the following documents ready before starting the application:

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Corporate Identification Number (CIN) — a copy of…

Corporate Identification Number (CIN) — a copy of the document.

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Taxpayer Identification Number (TIN) — a copy of…

Taxpayer Identification Number (TIN) — a copy of the document.

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Permanent Account Number (PAN) — a copy of…

Permanent Account Number (PAN) — a copy of the document.*

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Goods and Services Tax Number (GST) — a…

Goods and Services Tax Number (GST) — a copy of the document.

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Other Registrations — copies of the documents

Other Registrations — copies of the documents.

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Copy of Udyam Registration /Industrial Entrepreneur Memorandum, according…

Copy of Udyam Registration /Industrial Entrepreneur Memorandum, according to applicability.

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Constitution papers in copy

Constitution papers in copy: Partnership Deed and Firm Registration Certificate for a partnership concern, or Memorandum & Articles of Association and Date of Incorporation Certificate for Public/Private Limited companies.

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Applicant-signed land purchase deed in copy, if the…

Applicant-signed land purchase deed in copy, if the Enterprise has its own land.

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Registered lease agreement in copy, covering at least…

Registered lease agreement in copy, covering at least 5 years from the date of commencement of commercial production, if the Enterprise has leased land/ building.

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Power supply sanction order from the Electricity Department,…

Power supply sanction order from the Electricity Department, copied, with the latest bill.

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Authorization letter from the firm

Authorization letter from the firm.

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Consent to Operate / Renewal issued by PCC,…

Consent to Operate / Renewal issued by PCC, DNH & DD, copy, wherever Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021 applies.

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Factory licence copy

Factory licence copy.

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Undertaking

Undertaking.

Ensure all documents are valid and, where required, duly attested before submitting your application.
Important Dates

2015-07-03

How to Apply

Online Application

Applicants can apply for Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Marble, IT & ITES, Electric Vehicles & Spare Parts, Toys Units And Semi-Conduct or Industries Sectors through the online application process outlined below.

Registration Process :

1️⃣

Open the Official Website and select its Registration…

Open the Official Website and select its Registration page.

2️⃣

Provide all requested information in the input spaces…

Provide all requested information in the input spaces and tap “Register”.

3️⃣

An email with a verification link is sent…

An email with a verification link is sent to you; follow it to verify your email address (If Mail is Not Received Your Inbox. Please Check the Spam).

4️⃣

Click that Link/URL, or paste it into the…

Click that Link/URL, or paste it into the browser's address bar, to get the Account Verification completed.

5️⃣

Enter “111111” to verify your mobile number by…

Enter “111111” to verify your mobile number by OTP. Your Mobile Number and Pin will then be mailed to the registered Email Address.

6️⃣

The login credentials are sent to the registered…

The login credentials are sent to the registered email following successful registration. Application Process :

1️⃣

Visit the user Login page on the Official…

Visit the user Login page on the Official Website.

2️⃣

Enter the registered Mobile Number and the PIN…

Enter the registered Mobile Number and the PIN that was sent by email, and click “Log In” to sign in.

3️⃣

After the Log In succeeds, pick “Departments &…

After the Log In succeeds, pick “Departments & Services” in the menu bar on the left.

4️⃣

Scroll down to find “District Industries Centre DD…

Scroll down to find “District Industries Centre DD & DNH” and click on “Click Here” to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”.

5️⃣

Fill in the “Common Application Form” with all…

Fill in the “Common Application Form” with all required details and upload all the mandatory documents.

6️⃣

Once done, recheck every detail and click “Submit”…

Once done, recheck every detail and click “Submit” to finish the application process.

Helpdesk: : District Industries Centre, Contact No.: 0260-2260871 / 0260-2260310 E-mail Address: dic-dd@nic.in Technical Assistance on the Single Window Portal (i.e. https://investdd.in) is available through Contact No. : 0260-2231885 / 2231886 or 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.

Official Application & Website

Verify the latest eligibility, dates and instructions before applying.

Official Sources & References