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Dadra & Nagar Haveli and Daman & Diubusiness-entrepreneurship

Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector

“Assistance For Furniture Sector” under the “Investment Promotion Scheme (IPS)” for Thrust Sectors, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to promote Furniture industries through providing various types of subsidy.

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

What is Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector?

“Assistance For Furniture Sector” under the “Investment Promotion Scheme (IPS)” for Thrust Sectors, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to promote Furniture industries through providing various types of subsidy.

Benefit
- **Capital Investment Subsidy:** 20% limited to a maximum reimbursement of ₹50,00,000/-. - **Credit Linked Interest Subsidy:** 60% per annum limited to maximum of ₹50,00,000/- per annum for 5 years OR, for the period of repayment of loan whichever is earlier. - **Space Rent Subsidy:** 50% up to a maximum of ₹5,00,000/- on actual rent paid by Furniture Industry for participation in industrial exhibitions in foreign countries. - **Reimbursement on Course Fee:** 50% of the course fee limited to ₹75,000/- per person for training in manufacture of modern furniture in reputed institutions will be reimbursed for a maximum of 5 persons per industry course. - **Power Rate Incentive:** ₹1/- per unit as reimbursement for a period of one year subject to a maximum of ₹50,00,000/- Lakhs from date of commencement of production. > **Reimbursement on the cost of establishment of Showroom:** - **Owned Showroom:** 20% limited to maximum of ₹50,00,000/-. - **Rented Showroom:** 25% of actual rent for 3 years for a showroom with a minimum size of 2000 square feet.
Level
State — Dadra & Nagar Haveli and Daman & Diu
Ministry / Dept.
Department of Industries
Benefit type
cash
Key eligibility
1. Should be a New Manufacturing/ Service units or Existing Manufacturing/ Service units which undertakes Expansion/ Diversification in MSME sector. 1. The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027. 1. Unit should be located in the U.T. of Dadra and Nagar
Last verified
Recently

Benefits

- **Capital Investment Subsidy:** 20% limited to a maximum reimbursement of ₹50,00,000/-. - **Credit Linked Interest Subsidy:** 60% per annum limited to maximum of ₹50,00,000/- per annum for 5 years OR, for the period of repayment of loan whichever is earlier. - **Space Rent Subsidy:** 50% up to a maximum of ₹5,00,000/- on actual rent paid by Furniture Industry for participation in industrial exhibitions in foreign countries. - **Reimbursement on Course Fee:** 50% of the course fee limited to ₹75,000/- per person for training in manufacture of modern furniture in reputed institutions will be reimbursed for a maximum of 5 persons per industry course. - **Power Rate Incentive:** ₹1/- per unit as reimbursement for a period of one year subject to a maximum of ₹50,00,000/- Lakhs from date of commencement of production. > **Reimbursement on the cost of establishment of Showroom:** - **Owned Showroom:** 20% limited to maximum of ₹50,00,000/-. - **Rented Showroom:** 25% of actual rent for 3 years for a showroom with a minimum size of 2000 square feet.

Eligibility

1. Should be a New Manufacturing/ Service units or Existing Manufacturing/ Service units which undertakes Expansion/ Diversification in MSME sector. 1. The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027. 1. Unit should be located in the U.T. of Dadra and Nagar Area: 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.

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