"Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries"

"Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" क्या है?

The new IT/ITES industrial unit which started production on or after 6-11-2002 are provided with subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme.

लाभ

Subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme. > **Number of Installments** The subsidy shall be disbursed in a single instalment. > **Mode of Disbursement** **In the case of Units Financed by Financial Institutions/Banks,** the subsidy amount shall be disbursed through the financial institutions/banks only, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or working capital purposes. **In the case of Self-financed Units,** the subsidy shall be disbursed directly to the entrepreneurs.

स्तर

State — Puducherry

मंत्रालय / विभाग

Industries and Commerce Department, Puducherry

लाभ का प्रकार

cash

मुख्य पात्रता

The applicant should be a new IT/ITES industrial unit which started production on or after 6-11-2002.

अंतिम सत्यापन

Recently

Benefits

Subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme. > **Number of Installments** The subsidy shall be disbursed in a single instalment. > **Mode of Disbursement** **In the case of Units Financed by Financial Institutions/Banks,** the subsidy amount shall be disbursed through the financial institutions/banks only, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or working capital purposes. **In the case of Self-financed Units,** the subsidy shall be disbursed directly to the entrepreneurs.

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Step 1: The industrial unit should register the claim for the grant of incentive/subsidy in the prescribed form available on the Official Website of the Directorate of Industries and Commerce, Puducherry.

2. Step 2: Offline application — step 2

   Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).

3. Step 3: Offline application — step 3

   Step 3: The unit should submit the duly filled and signed application form and the documents to the concerned authority.

4. Step 4: Offline application — step 4

   Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application form has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

5. Step 5: Offline application — step 5

   *The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of incentive/subsidy.

6. Step 6: Offline application — step 7

   Application Deadline

7. Step 7: Offline application — step 8

   For New Units

8. Step 8: Offline application — step 9

   Within one year from the date of commencement of obtaining the Entrepreneurs Memorandum Part-2/ Permanent Registration/ Commencement of Production Certificate.

9. Step 9: Offline application — step 10

   For Existing Units

10. Step 10: Offline application — step 11

    Within one year of completion of Expansion/ Diversification/ Modernization.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.