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"Employment Incentive" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - Various Incentives"

Through the "Employment Incentive" scheme, Wage/Employment subsidy of 20% wage/salary up to a maximum of ₹5,00,000/- per annum, in case of workers who are covered under Provident Fund (PF), will be granted. The applications are accepted offline in prescribed form available on the Official Website.

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About This Scheme

"Employment Incentive" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - Various Incentives" is a scheme by the Industries and Commerce Department, Union Territory of Puducherry. The scheme came into force with effect from 1st April 2017 and is in operation in the whole of the UT of Puducherry. Through this scheme, Wage/Employment subsidy of 20% wage/salary up to a maximum of ₹5,00,000/- per annum, in case of workers who are covered under Provident Fund (PF), will be granted. The applications are accepted offline in the prescribed form available on the Official Website of the Department.

Benefits

₹5.0 L · annual

Subsidy: Wage/Employment Subsidy of 20% Wage/Salary.- Ceiling: ₹5,00,000/- per annum.- Number of Installments: In single or multiple instalments, depending on the availability of funds.- Period: 5 years for Puducherry and Karaikal regions. 7 years for Mahe and Yanam regions. - 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 the working capital purposes. In 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 Co-operative Banks._

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate.
✦
Loan Sanction Letter.
✦
Purchase Invoices for Plant & Machinery/ Pollution Equipment/ Generator.
✦
Chartered Accountant Certificate for the Investment in Fixed Assets / Pollution Control Equipment / Generator.
✦
Month-wise Interest Paid Statement from the Finance Institution/Bank Along with No-due Certificate.
✦
List of Employees Covered Under the Provident Fund Scheme Along with Wage/Salary Payment Particulars.
✦
Provident Fund Remittance for the Claiming Period.
✦
Notary Affidavit.

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level: Central Government
Max benefit: ₹5.0 L