Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials
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 Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials in Dadra and Nagar Haveli and Daman and Diu
Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials is a government scheme available to eligible residents of Dadra and Nagar Haveli and Daman and Diu.
Apply for Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials in Dadra and Nagar Haveli and Daman and Diu
Scheme Overview
This is a sub-scheme under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, that aims to provide financial assistance for purchase of machinery or raw materials for development of their business.
Eligibility Criteria
The applicant should be a Handloom and Handicrafts artisan.
The applicant should be a resident of the U.T. of Dadra and Nagar Haveli & Daman and Diu.
The applicant should be above 18 years of age.
The applicant should be interested in purchasing machinery or raw materials for development of their business.
The applicant must have skills of Handloom or Handicraft art and shall demonstrate the products made by him/her to the committee consisting of GM (DIC), Director (Tourism) and CEO (District Panchayat).
Benefits
Subsidy Rate: 50% of the investment made in machinery.
Maximum Subsidy Amount: Upto ₹2,00,000/-.
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 | Proof of being a Handloom or Handicraft artisan (for Applicant). |
| 16 | Age proof (for Applicant). |
| 17 | Any other documents as required. |
Common questions in Dadra and Nagar Haveli and Daman and Diu
Who can apply for Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials 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 Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials. Refer to the eligibility section above for the complete checklist.
What documents are required for Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials 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 Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials?
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
The capital subsidy can be used for purchasing machinery and raw materials essential for the development of the artisan's business.