Program brief
| Benefit | The scheme offers an interest subsidy of up to 25% on loans for new industries in... |
|---|---|
| Form of support | Cash, paid into the bank account |
| Level | State, Puducherry |
| Field | Business & Entrepreneurship |
| How to apply | Offline |
Contents of this entry
Overview
The scheme offers an interest subsidy of up to 25% on loans for new industries in Puducherry. Applicants must be aged between 18 and 80. The official listing does not provide a deadline, so check the official portal for updates.
This scheme aims to support new industries in Puducherry by providing financial assistance. It is managed by the Industries and Commerce Department of Puducherry.
Eligible industrial units can receive an interest subsidy on loans taken for creating fixed assets and working capital.
This support encourages entrepreneurship and boosts local employment.
Further facts from the listing
| Scheme for | Infra |
|---|---|
| DBT (direct bank transfer) | No |
| DBT | No |
Benefits
Award value:
- Subsidy: Upto 25% of the annual interest amount paid
- Ceiling: Rs. 5,00,000 per annum
The subsidy is available for a period of 5 years for Puducherry and Karaikal, and for 7 years for Mahe and Yanam. The subsidy is disbursed through the financial institution.
Eligibility
- Age
- 18 to 80 years
- State
- Puducherry
Eligibility:
- Academic: All Micro, Small, Medium and Large Industries
- Age: 18 to 80 years
- Income: Not specified
- Category: The unit must provide at least 60% local employment and must have made investments on or after 1st April 2017.
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
0 of 10 ready
Tick a document once you have it. The ticks stay in this browser only.
Application steps
Application steps:
- Register the claim in the prescribed form available on the Official Website.
- Fill in all mandatory fields and attach the required documents.
- Submit the application form and documents to the concerned authority.
- Request a receipt or acknowledgement from the authority.
Common application errors
Common application errors:
- Missing mandatory documents in the application.
- Not providing a valid receipt after submission.
- Failing to meet the local employment requirement.
Questions and answers
What is the maximum amount of subsidy available?
The maximum subsidy is Rs. 5,00,000 per annum.
How long does the subsidy last?
The subsidy is available for 5 years in Puducherry and Karaikal, and for 7 years in Mahe and Yanam.
What is the age limit for applicants?
Applicants must be between 18 and 80 years old.
What is required for local employment?
The unit must provide at least 60% of total employment to residents of Puducherry.
When should the application be submitted?
New units must apply within one year from the date of commencement of production.
Is there a specific format for documents?
Yes, certain documents may require specific formats or notarization.
What happens if the unit does not maintain local employment?
The unit may have to refund the subsidy amount.
What is the process after application submission?
The application will be scrutinized by the Directorate of Industries for approval.
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.
Ask about this entry