Sarkari Yojana

Investment Promotion Scheme (IPS) for Thrust Sectors: III. Scheme C4: For Food Processing Industries

Quick Summary: Food processing industries setting up or expanding in Dadra and Nagar Haveli & Daman and Diu can get a 60% per annum credit linked interest subsidy under IPS for Thrust Sectors, with an additional 10% for units in dedicated food processing industrial parks.

About Investment Promotion Scheme (IPS) for Thrust Sectors: III. Scheme C4: For Food Processing Industries

The “Scheme For Food Processing Industries” is a sub scheme of the “Investment Promotion Scheme (IPS)” for Thrust Sector, launched by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu on 3rd July, 2015 for five years. Following its extension from 20th May, 2022, it will continue to be operative till 19th May, 2027. > Objective of the “Investment Promotion Scheme (IPS)”:

Through the scheme, specialised Thrust Sectors, for instance Plastic Furniture, Steel Furniture, Brass Furniture, Metal Furniture, Cane Furniture, Wooden Furniture, Bamboo Furniture, Fibre Glass Furniture and Marble Furniture etc, are to get a further fillip, establishing the U.T. as a Special Hub for the furniture sector. Its other aims are to draw maximum Women into business, reduce unemployment among local residents and give industries incentives to employ resident laborers etc. > Objective of the “Scheme For Food Processing Industries” Sub-scheme:

A Credit linked interest subsidy is available under this sub-scheme for the Establishment/ Expansion of Food processing industries.

Scheme Overview

Government Level

State Government

Eligible Entity

Business Entity

Launch / Open Date

01 Jan 2020

Scheme Details

Eligibility

Eligibility Requirements

To qualify for Investment Promotion Scheme (IPS) for Thrust Sectors: III. Scheme C4: For Food Processing Industries, applicants must satisfy the following conditions:

✅

This scheme is meant for New Manufacturing/ Service…

This scheme is meant for New Manufacturing/ Service units and Existing Manufacturing/ Service units carrying out Expansion/ Diversification in the MSME sector.

✅

The unit has to have commenced commercial production…

The unit has to have commenced commercial production between 20.05.2022 to 19.05.2027.

✅

It should be located in the U.T

It should be located 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 first loan disbursement date, or on or before the date commercial production commences.

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: III. Scheme C4: For Food Processing Industries provides the following benefits to eligible applicants:

💰

Credit Linked Interest Subsidy:

Food processing units get 60% per annum of interest subsidised, with a maximum of ₹50,00,000/- lakhs per annum, for Five years OR the loan repayment period, whichever is earlier.

💰

Additional Subsidy:

An extra 10% subsidy is given to Food processing units set up in dedicated Industrial parks for Food processing Industries.

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:

✅

Papers showing the Corporate Identification Number (CIN)

Papers showing the Corporate Identification Number (CIN).

✅

Papers showing the Taxpayer Identification Number (TIN)

Papers showing the Taxpayer Identification Number (TIN).

📄

Papers showing the Permanent Account Number (PAN)

Papers showing the Permanent Account Number (PAN).*

✅

Papers showing the Goods and Services Tax Number…

Papers showing the Goods and Services Tax Number (GST).

✅

Papers of Other Registrations

Papers of Other Registrations.

✅

Udyam Registration /Industrial Entrepreneur Memorandum, a copy of…

Udyam Registration /Industrial Entrepreneur Memorandum, a copy of the one that applies.

📄

Copy of the Partnership Deed and Firm Registration…

Copy of the Partnership Deed and Firm Registration Certificate if it is a partnership concern, or copy of the Memorandum & Articles of Association and Date of Incorporation Certificate if it is a Public/Private Limited company.

🌾

If the Enterprise is on its own land,…

If the Enterprise is on its own land, the land purchase deed (copy) duly signed by the applicant.

🌾

If the Enterprise is on leased land/ building,…

If the Enterprise is on leased land/ building, the registered lease agreement (copy) for a minimum of 5 years from when commercial production commenced.

✅

Electricity Department's sanction order for power supply and…

Electricity Department's sanction order for power supply and the latest bill (copies of both).

✅

Authorization letter

Authorization letter.

✅

Consent to Operate / Renewal from PCC, DNH…

Consent to Operate / Renewal from PCC, DNH & DD (copy), as applicable under Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021.

✅

Factory licence (copy)

Factory licence (copy).

✅

Undertaking by the enterprise

Undertaking by the enterprise.

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

2020-01-01

How to Apply

Online Application

Applicants can apply for Investment Promotion Scheme (IPS) for Thrust Sectors: III. Scheme C4: For Food Processing Industries through the online application process outlined below.

Registration Process :

1️⃣

Visit the Official Website's Registration page to begin

Visit the Official Website's Registration page to begin.

2️⃣

Enter your information in the corresponding input spaces…

Enter your information in the corresponding input spaces and click on “Register”.

3️⃣

Go to your email and click the verification…

Go to your email and click the verification link to verify the address (If Mail is Not Received Your Inbox. Please Check the Spam).

4️⃣

Account Verification is completed after you click the…

Account Verification is completed after you click the Link/URL from the email or paste it into your browser's address bar.

5️⃣

Then put in “111111” as the OTP to…

Then put in “111111” as the OTP to verify your mobile number, and the Mobile Number and Pin will be emailed to the registered Email Address.

6️⃣

Login credentials come to the registered email once…

Login credentials come to the registered email once the registration is successful. Application Process :

1️⃣

Go to the Login page for users on…

Go to the Login page for users on the Official Website.

2️⃣

Enter your registered Mobile Number and the PIN…

Enter your registered Mobile Number and the PIN mailed to you, then click the “Log In” button.

3️⃣

Post Log In, click on the “Departments &…

Post Log In, click on the “Departments & Services” tab listed in the left side menu bar.

4️⃣

Scroll through to “District Industries Centre DD &…

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

5️⃣

The “Common Application Form” will appear; fill in…

The “Common Application Form” will appear; fill in the required input fields and upload the mandatory documents.

6️⃣

After everything is filled in, verify the details…

After everything is filled in, verify the details and click “Submit” to end the process.

Helpdesk: : District Industries Centre, Contact No.: 0260-2260871 / 0260-2260310 E-mail Address: dic-dd@nic.in For help of a technical nature on the Single Window Portal (i.e. https://investdd.in), use 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