"Employment Incentive" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries"

"Employment Incentive" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" क्या है?

A Wage/Employment subsidy of 20% of wage/ salary up to a maximum of ₹5,00,000/- per annum is provided in the case of workers who are covered under the Provident Fund (PF). The new units which commence production on or after 2-8-2004 would alone be eligible for this incentive for 5 years.

लाभ

- Wage/Employment Subsidy of 20% wage/salary up to a maximum of ₹5,00,000/- per annum for the workers who are covered under the Provident Fund (PF) (if applicable). - "Employment Incentives", granted only if the unit has provided at least 60% of the employment to the people of UT of Puducherry. *Wage/Salary would be limited by the minimum wages prescribed by the Government from time to time.

स्तर

State — Puducherry

मंत्रालय / विभाग

Industries and Commerce Department, Puducherry

लाभ का प्रकार

cash

मुख्य पात्रता

- The new units which commence production on or after 2-8-2004 would alone be eligible for this incentive for 5 years from the date of commencement of production. - The unit should provide direct employment to at least 10 persons. - The "employment incentive" will be granted if the unit has provided

अंतिम सत्यापन

Recently

Benefits

- Wage/Employment Subsidy of 20% wage/salary up to a maximum of ₹5,00,000/- per annum for the workers who are covered under the Provident Fund (PF) (if applicable). - "Employment Incentives", granted only if the unit has provided at least 60% of the employment to the people of UT of Puducherry. *Wage/Salary would be limited by the minimum wages prescribed by the Government from time to time.

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 applications will be processed by the Industries Department to obtain sanctions. These cases need not be placed before the said State Level Committee.

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.