Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries
in Dadra and Nagar Haveli and Daman and Diu
Last updated:
Key dates and updates (Dadra and Nagar Haveli and Daman and Diu)
Nationwide and Dadra and Nagar Haveli and Daman and Diu-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries in Dadra and Nagar Haveli and Daman and Diu
Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries is a government scheme available to eligible residents of Dadra and Nagar Haveli and Daman and Diu.
Apply for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries in Dadra and Nagar Haveli and Daman and Diu
Scheme Overview
“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.
Eligibility Criteria
- 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 of the proposed business.
Or,
The applicant should have experience of minimum 1 year in the same activity
Or
The applicant should be hereditary craftsperson.
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/-.
Required Documents
| # | Document |
|---|---|
| 1 | Corporate Identification Number (CIN) Document. |
| 2 | Taxpayer Identification Number (TIN) Document. |
| 3 | Permanent Account Number (PAN) Document.* |
| 4 | Goods and Services Tax Number (GST) Document. |
| 5 | Other Registrations Document. |
| 6 | Copy of Udyam Registration /Industrial Entrepreneur Memorandum, as applicable. |
| 7 | Copy of Partnership Deed and Firm Registration Certificate in case of partnership concern or Memorandum & Articles of Association and Date of Incorporation Certificate in case of Public/Private Limited companies. |
| 8 | Copy of land purchase deed duly signed by the applicant (If the Enterprise is functioning in its own land). |
| 9 | Copy of registered lease agreement for a minimum period of 5 years from the date of commencement of commercial production (If the Enterprise is functioning in a leased land/ building). |
| 10 | Copy of sanction order from Electricity Department for power supply with copy of the latest bill. |
| 11 | Authorization letter. |
| 12 | Copy of Consent to Operate / Renewal from PCC, DNH & DD (as applicable for Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021). |
| 13 | Copy of Factory licensee. |
| 14 | Undertaking. |
| 15 | Any other document as required. |
Common questions in Dadra and Nagar Haveli and Daman and Diu
Who can apply for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries in Dadra and Nagar Haveli and Daman and Diu?
Eligible residents of Dadra and Nagar Haveli and Daman and Diu who meet the scheme’s overall criteria can apply for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries. Refer to the eligibility section above for the complete checklist.
What documents are required for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries in Dadra and Nagar Haveli and Daman and Diu?
Applicants in Dadra and Nagar Haveli and Daman and Diu typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries?
Key dates are summarized in the table on this page, from 3 July 2015 through 3 July 2015, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
Cottage industry is a business or manufacturing activity carried on in people's homes at very low scales as a small-scale, unorganized/ decentralized manufacturing business using simple hand-operated tools. Examples include Smithy, Carpentry, weaving, Pottery, Blanket making, Stone Carving, Textiles, Ceramics, Handmade Jewelry, etc.