Program brief
| Benefit | The scheme offers a subsidy of 20% on investments in plant and machinery, up to a... |
|---|---|
| Form of support | Cash, paid into the bank account |
| Meant for | Entrepreneurs |
| Level | State, Puducherry |
| Field | Business & Entrepreneurship |
| How to apply | Offline |
Contents of this entry
Overview
The scheme offers a subsidy of 20% on investments in plant and machinery, up to a maximum of Rs. 20,00,000. Eligible applicants are self-employed or entrepreneurs aged between 18 and 80. The official listing does not provide a deadline, so check the official portal for current status.
The Capital Investment Subsidy for IT and ITES Industries aims to encourage entrepreneurs to start new industrial units in Puducherry. This scheme is managed by the Industries and Commerce Department of Puducherry.
It provides financial assistance to new IT/ITES units that began production after November 6, 2002. The subsidy helps offset the costs associated with plant and machinery.
By supporting these industries, the scheme contributes to economic growth and job creation in the region. It plays a crucial role in fostering entrepreneurship and innovation in the IT sector.
Further facts from the listing
| Scheme for | Infra |
|---|---|
| DBT (direct bank transfer) | No |
Benefits
Award value:
- Subsidy of 20% on investments in plant and machinery
- Maximum subsidy amount: Rs. 20,00,000
The subsidy is disbursed in a single installment. For units financed by banks, it is adjusted against the loan. Self-financed units receive the subsidy directly.
Eligibility
- Age
- 18 to 80 years
- State
- Puducherry
Eligibility:
- Self-Employed / Entrepreneur
- Age: 18 to 80 years
- New IT/ITES industrial unit that started production on or after 6-11-2002
Who cannot apply
- Second-hand machinery is not eligible.
Two cases, worked through
Qualifies
Does not qualify
Each case is built only from the conditions in the official listing. Your own case may differ; the call decides.
Documents
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Application steps
Application steps:
- Register the claim for the subsidy in the prescribed form available offline.
- Fill in all mandatory fields and attach copies of required documents.
- Submit the completed application form and documents to the concerned authority.
- Request a receipt or acknowledgment from the authority upon submission.
Common application errors
Common application errors:
- Failing to submit the application within one year of obtaining the Entrepreneurs Memorandum.
- Missing required documents such as the Engineer's Certificate or Chartered Accountant Certificate.
- Not obtaining a receipt or acknowledgment upon submission.
Questions and answers
Can the subsidy be used for both working capital and fixed assets?
Yes, for units financed by banks, the subsidy can be used for both loan adjustment and creating additional fixed assets.
What is the application deadline for new units?
New units must apply within one year from the date of obtaining the Entrepreneurs Memorandum.
Is there a cost for the application form?
The application form can be obtained free of cost from the official website.
What documents are required for environmental compliance?
Documents such as air/water consent orders from the Directorate of Sustainable Technologies and Environmental are needed.
How is the subsidy disbursed for self-financed units?
For self-financed units, the subsidy is disbursed directly to the entrepreneurs.
What happens if I apply after the deadline?
Check the official portal for the current status and any updates on deadlines.
Official portal and guidelines
Applications are submitted only on the provider's own portal. jsrr.in does not accept forms, documents or fees.
Documents from the provider
- Guidelines industry.py.gov.in, PDF
- Grievance Redressal industry.py.gov.in
- Helpline industry.py.gov.in
jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.
This entry was drafted with AI tools from the official listing. Each amount and date in it was checked automatically against that listing; read the official call before you apply.
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