"Assistance for Technology Acquisition" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries"

What is "Assistance for Technology Acquisition" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries"?

Through "Assistance for Technology Acquisition", assistance for acquisition of appropriate technology in any form for specific product/process is provided by way of 50% grant subject to a maximum of ₹10,00,000/-. The applications are accepted offline in the prescribed form available.

Benefit

**Assistance:** 50%. **Ceiling:** ₹10,00,000/-. **Purpose:** Acquisition of Appropriate Technology in Any Form for Specific Product/ Process. > **Number of Installments** In single or multiple installments, depending on the availability of fund. > **Mode of Disbursement** - The subsidy amount shall be disbursed through the financial institutions/banks only, if the unit is financed by them, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or for the working capital purposes. - In case of self-financed units, the subsidy shall be disbursed directly to the entrepreneur/unit. *The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including Co-operative Banks.

Level

State — Puducherry

Ministry / Dept.

Industries and Commerce Department, Puducherry

Benefit type

cash

Key eligibility

- The assistance should have been sought to set up a new unit with new technology. - Existing units will also be eligible for new product or for improvement of production process. - The unit should provide at least 60% of employment to the people of the Union territory of Puducherry of the total emp

Last verified

Recently

Benefits

**Assistance:** 50%. **Ceiling:** ₹10,00,000/-. **Purpose:** Acquisition of Appropriate Technology in Any Form for Specific Product/ Process. > **Number of Installments** In single or multiple installments, depending on the availability of fund. > **Mode of Disbursement** - The subsidy amount shall be disbursed through the financial institutions/banks only, if the unit is financed by them, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or for the working capital purposes. - In case of self-financed units, the subsidy shall be disbursed directly to the entrepreneur/unit. *The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including Co-operative Banks.

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

   Post-Application Process

6. Step 6: Offline application — step 6

   Step 1: The applications shall be scrutinized by the Directorate of the Industries on merit basis for the grant of incentives/subsidies/assistances to determine the quantum of amount admissible will be placed before the State Level Committee.

7. Step 7: Offline application — step 7

   Step 2: The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of incentive/subsidy and will recommend the quantum of incentive/subsidy admissible to the unit.

8. Step 8: Offline application — step 8

   Application Deadline

9. Step 9: Offline application — step 9

   For New Units

10. Step 10: Offline application — step 10

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

11. Step 11: Offline application — step 11

    For Existing Units

12. Step 12: Offline application — step 12

    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.