"Capital Investment Subsidy (for New and Existing Industries)" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries"

What is "Capital Investment Subsidy (for New and Existing Industries)" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries"?

Through "Capital Investment Subsidy (for New and Existing Industries)", the enterprises & entrepreneurs are provided subsidies of upto 45% on the investments made on land, buildings, plants and machinery. The applications are accepted offline in the prescribed form available on the Official website.

Benefit

- For Micro and Small Enterprises, a 40% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹40,00,000/-. - For Medium and Large Enterprises, a 35% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹35,00,000/-. - For Women/SC/ST Entrepreneurs, a 45% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹75,00,000/-. > **Number of Installments** In single or multiple instalments, depending on the availability of funds. > **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 working capital purposes. - In the 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 cooperative banks.

Level

State — Puducherry

Ministry / Dept.

Industries and Commerce Department, Puducherry

Benefit type

cash

Key eligibility

- The scheme applies to the Micro, Small, Medium and Large Enterprises, and to the Women/SC/ST Entrepreneurs. - In the case of the SC/ST/Women category, the investments in respect of industrial units fully owned by the respective category and women entrepreneurs will alone be considered. - In the ca

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Benefits

- For Micro and Small Enterprises, a 40% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹40,00,000/-. - For Medium and Large Enterprises, a 35% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹35,00,000/-. - For Women/SC/ST Entrepreneurs, a 45% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹75,00,000/-. > **Number of Installments** In single or multiple instalments, depending on the availability of funds. > **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 working capital purposes. - In the 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 cooperative 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 a merit basis for the grant of incentives/subsidies/assistance 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

   Within one year from the date of commencement of regular commercial production. The delay can be condoned by the State Level Committee.

Sources & References

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