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Dadra & Nagar Haveli and Daman & Diubusiness-entrepreneurship

Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries

“Financial Assistance To Cottage Industries'' under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide financial assistance to Cottage Industries on the term loan taken through banks.

Ministry / Department
Department of Industries
Level
State
Benefit type
cash
Last verified: Recently

What is Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries?

“Financial Assistance To Cottage Industries'' under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide financial assistance to Cottage Industries on the term loan taken through banks.

Benefit
- **Rate of Capital Subsidy:** 25% of the term loan amount for setting up of the Cottage Industry up to a maximum of ₹5,00,000/-. - **Rate of Interest Subsidy:** 50% of the Interest charged by Bank or NBFC or Cooperative Bank shall be reimbursed up to a period of 5 years from the date of commencement of Production. **Note:** - 10% additional capital subsidy shall be provided to Scheduled Castes/ Scheduled Tribes / Women/ Differently abled having 30% or more disability. - Maximum limit of the Bank Loan should be ₹20,00,000/-.
Level
State — Dadra & Nagar Haveli and Daman & Diu
Ministry / Dept.
Department of Industries
Benefit type
cash
Key eligibility
- The applicant should be associated with Cottage Industry. - The applicant should be above 18 years of age. - The applicant should have passed minimum standard Four (IV). - The applicant should have undergone training for minimum one month from Government of India recognized Institutes, in the area
Last verified
Recently

Benefits

- **Rate of Capital Subsidy:** 25% of the term loan amount for setting up of the Cottage Industry up to a maximum of ₹5,00,000/-. - **Rate of Interest Subsidy:** 50% of the Interest charged by Bank or NBFC or Cooperative Bank shall be reimbursed up to a period of 5 years from the date of commencement of Production. **Note:** - 10% additional capital subsidy shall be provided to Scheduled Castes/ Scheduled Tribes / Women/ Differently abled having 30% or more disability. - Maximum limit of the Bank Loan should be ₹20,00,000/-.

Eligibility

- The applicant should be associated with Cottage Industry. - The applicant should be above 18 years of age. - The applicant should have passed minimum standard Four (IV). - The applicant should have undergone training for minimum one month from Government of India recognized Institutes, in the areaArea: Dadra & Nagar Haveli and Daman & DiuBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Registration Process : Step 1: Visit the Registration page of the Official Website. Step 2: Provide the information in the respective input spaces and click on “Register”. Step 3: Verify your email address using the verification link sent on your email (If Mail is Not Received Your Inbox. Please Check the Spam). Step 4: Click the Link/URL in the received email or Paste Link/URL in browser's address bar to complete your Account Verification. Step 5: Now enter “111111” as OTP to verify your mobile number. Mobile Number and Pin Successfully will be sent to the registered Email Address. Step 6: On successful registration the login credentials will be received in the registered email. Application Process : Step 1: Visit the user Login page of the Official Website. Step 2: Enter registered Mobile Number along with PIN sent on your email then click “Log In”. Step 3: On successful Log In, from the left side menu bar click on “Departments & Services” tab. Step 4: Scroll down to “District Industries Centre DD & DNH” and click on the “Click Here” button to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”. Step 5: “Common Application Form” will be open. Enter all the details in required input fields and upload all the mandatory documents. Step 6: After successful entry of the information, verify all the details and click on the “Submit” button to complete the application process. Helpdesk : District Industries Centre, Contact No.: 0260-2260871 / 0260-2260310 E-mail Address: [email protected] For Technical Assistance on Single Window Portal (i.e. https://investdd.in) Contact No. : 0260-2231885 / 2231886 E-Mail : [email protected]

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website