Assistance For Capital Investment In Solar Power Generation under the Investment Promotion Scheme (IPS) for MSME sector, by the Dept. of Industries, DNH & DD, aims to encourage MSMEs to use Solar Power through providing Capital subsidy for setting up of Solar Power Plant for generation of power.
Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Capital Investment In Solar Power Generation - Introduction
The scheme “Assistance For Capital Investment In Solar Power Generation” is a sub scheme under the “Investment Promotion Scheme (IPS)” for MSME Sector. It was launched on 3rd July, 2015 for a period of five years by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu. Now it has been extended further from 20th May, 2022 and shall be operative till 19th May, 2027.
Objective of the "Investment Promotion Scheme (IPS)": The scheme envisages to provide incentives and assistance to the MSME Sector in order to nurture them and protect them from market vagaries thereby making them vibrant and successful, maximize Women participation in the business sector, reduce unemployment among the local residents and incentivize the industries to employ resident laborers etc.
Objective of the "Assistance For Capital Investment In Solar Power Generation" Sub-scheme: Under the scheme, capital subsidy will be provided to the eligible industries on capital investment for setting up of Solar Power Plant for generation of power. The scheme encourages MSMEs to use Solar Power through this assistance.
Benefits
- 25% subsidy subject to a limit of maximum of ₹50,00,000/-.
Note: Enterprise shall be eligible only once to avail this scheme.
Eligibility
- Should be a new manufacturing/service unit or an existing manufacturing/service unit undertaking expansion/diversification in the MSME sector.
- The unit should have commenced commercial production between 20.05.2022 and 19.05.2027.
- Unit should be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu.
- Enterprise shall meet at least 10% of their total power consumption through solar power.
- Enterprise shall apply within six months of generating solar power.
Exclusions
Application Process
Registration Process:
- Step 1: Visit the Registration page of the Official Website.
- Step 2: Provide the information in the respective input spaces and click on “Register”.
- Step 3: Verify your email address using the verification link sent on your email (If Mail is Not Received in Your Inbox, Please Check the Spam).
- Step 4: Click the Link/URL in the received email or Paste Link/URL in browser's address bar to complete your Account Verification.
- Step 5: Now enter “111111” as OTP to verify your mobile number. Mobile Number and Pin Successfully will be sent to the registered Email Address.
- Step 6: On successful registration, the login credentials will be received in the registered email.
Application Process:
- Step 1: Visit the user Login page of the Official Website.
- Step 2: Enter registered Mobile Number along with PIN sent on your email then click “Log In”.
- Step 3: On successful Log In, from the left side menu bar click on “Departments & Services” tab.
- Step 4: Scroll down to “District Industries Centre DD & DNH” and click on the “Click Here” button to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”.
- Step 5: “Common Application Form” will be open. Enter all the details in required input fields and upload all the mandatory documents.
- Step 6: After successful entry of the information, verify all the details and click on the “Submit” button to complete the application process.
Helpdesk:
District Industries Centre,
Contact No.: 0260-2260871 / 0260-2260310
E-mail Address: [email protected]
For Technical Assistance on Single Window Portal (i.e. investdd.in) Contact No. : 0260-2231885 / 2231886 E-Mail : [email protected]