Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries
in Puducherry
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Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries in Puducherry
Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries is a government scheme available to eligible residents of Puducherry.
Apply for Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries in Puducherry
Scheme Overview
The new IT/ITES industrial unit which started production on or after 6-11-2002 are provided with subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme.
Eligibility Criteria
The applicant should be a new IT/ITES industrial unit which started production on or after 6-11-2002.
Benefits
Subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme.
The subsidy shall be disbursed in a single instalment.
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.
Required Documents
| # | Document |
|---|---|
| 1 | Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate. |
| 2 | Caste certificate from the competent authority in the case of Scheduled Caste/Scheduled Tribe (SC/ST) Entrepreneurs. |
| 3 | Loan Sanction Letter. |
| 4 | Registered Land Document. |
| 5 | Plan Approval from the Pollution Control Board (PPA). |
| 6 | Engineer’s Certificate for Building Valuation Assessed by Public Works Department (PWD)/Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC). |
| 7 | Registered Lease Agreement for the Building Executed Between the Developer and the Unit. |
| 8 | Purchase Invoices for Plant & Machinery/ Pollution Equipment/ Generator. |
| 9 | Chartered Accountant Certificate for the Investment in Fixed Assets / Pollution Control Equipment / Generator. |
| 10 | Certificate for the Installation of Pollution Control Equipment Obtained from the Directorate of Sustainable Technologies and Environmental (DSTE). |
| 11 | Air/Water Consent Orders Obtained from DSTE. |
| 12 | Notary Affidavit. |
How to Apply in Puducherry
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.
Offline 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.
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Offline Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: The unit should submit the duly filled and signed application form and the documents to the concerned authority.
Offline Step 3: The unit should submit the duly filled and signed application form and the documents to the concerned authority.
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 numb…
Offline *The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of incentive/subsidy. For New Units Within one year from the date of commencement of obtaining the Entrepreneurs Memorandum Part-2/ Permanent Registration/ Commencement of Production Certificate. For Existing Units Within one year of completion of Expansion/ Diversification/ Modernization.
Common questions in Puducherry
Who can apply for Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries in Puducherry?
Eligible residents of Puducherry who meet the scheme’s overall criteria can apply for Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries. Refer to the eligibility section above for the complete checklist.
What documents are required for Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries in Puducherry?
Applicants in Puducherry typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Yes, for units financed by financial institutions/banks, the subsidy amount can be utilized for both loan adjustment and the creation of additional fixed assets or working capital.