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"Capital Investment Subsidy: SC/ST/Women Entrepreneurs" Component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" Scheme

"Capital Investment Subsidy: SC/ST/Women Entrepreneurs" is a scheme by the Department of Industrial Development (Industries and Commerce), Union Territory of Puducherry. The department extends subsidies for the investments made on land, buildings, plants & machinery @ 25%.

Ministry / Department
Industries and Commerce Department, Puducherry
Level
State
Benefit type
cash
Last verified: Recently

What is "Capital Investment Subsidy: SC/ST/Women Entrepreneurs" Component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" Scheme?

"Capital Investment Subsidy: SC/ST/Women Entrepreneurs" is a scheme by the Department of Industrial Development (Industries and Commerce), Union Territory of Puducherry. The department extends subsidies for the investments made on land, buildings, plants & machinery @ 25%.

Benefit
> **For Scheduled Caste/ Scheduled Tribe/ Women Entrepreneurs** Subsidy for the investments made on land, building, plant & machinery @ 25% thereof subject to a maximum of ₹25,00,000/-. > **For Scheduled Caste and Scheduled Tribe Entrepreneurs** Subsidy at the rate of 25% on the land, building and plant & machinery subject to a cumulative maximum of ₹50,00,000/-. > **Number of Installments** The subsidy shall be disbursed in a single instalment. **NOTE:** Where due to paucity of funds in a particular financial year or for such other reasons as the case may be, single instalment disbursement is not possible, such disbursement will be made in instalments. > **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.
Level
State — Puducherry
Ministry / Dept.
Industries and Commerce Department, Puducherry
Benefit type
cash
Key eligibility
- The applicant should be a Scheduled Caste/ Scheduled Tribe/ Woman Entrepreneur. - In the case of indigenous second-hand machinery, the initial purchase value with depreciation, or the second-hand purchase value, or value assessed by the Chartered Engineer, whichever is less, will be taken as an in
Last verified
Recently

Benefits

> **For Scheduled Caste/ Scheduled Tribe/ Women Entrepreneurs** Subsidy for the investments made on land, building, plant & machinery @ 25% thereof subject to a maximum of ₹25,00,000/-. > **For Scheduled Caste and Scheduled Tribe Entrepreneurs** Subsidy at the rate of 25% on the land, building and plant & machinery subject to a cumulative maximum of ₹50,00,000/-. > **Number of Installments** The subsidy shall be disbursed in a single instalment. **NOTE:** Where due to paucity of funds in a particular financial year or for such other reasons as the case may be, single instalment disbursement is not possible, such disbursement will be made in instalments. > **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

- The applicant should be a Scheduled Caste/ Scheduled Tribe/ Woman Entrepreneur. - In the case of indigenous second-hand machinery, the initial purchase value with depreciation, or the second-hand purchase value, or value assessed by the Chartered Engineer, whichever is less, will be taken as an inArea: PuducherryBenefit: cash

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

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website