"Capital Investment Subsidy (for New and Existing Industries)" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries"
Through "Capital Investment Subsidy (for New and Existing Industries)", the enterprises & entrepreneurs are provided subsidies of upto 45% on the investments made on land, buildings, plants and machinery. The applications are accepted offline in the prescribed form available on the Official website.
About This Scheme
Benefits
₹40.0 L
- For Micro and Small Enterprises, a 40% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹40,00,000/-.
- For Medium and Large Enterprises, a 35% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹35,00,000/-.
- For Women/SC/ST Entrepreneurs, a 45% subsidy on the investments made on land, building, plant and machinery, subject to a maximum of ₹75,00,000/-.
In single or multiple instalments, depending on the availability of funds.
Mode of Disbursement- The subsidy amount shall be disbursed through the financial institutions/banks only, if the unit is financed by them, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or for working capital purposes.
- In the case of self-financed units, the subsidy shall be disbursed directly to the entrepreneur/unit.
*The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including cooperative banks.
Eligibility
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Required Documents
- ✦Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate.
- ✦Caste certificate from the competent authority in the case of Scheduled Caste/Scheduled Tribe (SC/ST) Entrepreneurs.
- ✦Loan Sanction Letter.
- ✦Registered Land Document.
- ✦Plan Approval from the Pollution Control Board (PPA).
- ✦Engineer’s Certificate for Building Valuation Assessed by Public Works Department (PWD)/Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC).
- ✦Registered Lease Agreement for the Building Executed Between the Developer and the Unit.
- ✦Purchase Invoices for Plant & Machinery/ Pollution Equipment/ Generator.
- ✦Chartered Accountant Certificate for the Investment in Fixed Assets / Pollution Control Equipment / Generator.
- ✦Certificate for the Installation of Pollution Control Equipment Obtained from the Directorate of Sustainable Technologies and Environmental (DSTE).
- ✦Air/Water Consent Orders Obtained from DSTE.
- ✦Notary Affidavit.
✦ Required ◦ Optional
How to Apply
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).
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 number (if applicable).
Post-Application ProcessStep 1: The applications shall be scrutinized by the Directorate of the Industries on a merit basis for the grant of incentives/subsidies/assistance to determine the quantum of amount admissible will be placed before the State Level Committee.
Step 2: The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of incentive/subsidy and will recommend the quantum of incentive/subsidy admissible to the unit.
Application DeadlineWithin one year from the date of commencement of regular commercial production. The delay can be condoned by the State Level Committee.
Quick Info
- Level
- Central Government
- Max benefit
- ₹40.0 L