Through the "Capital Investment Subsidy: Thrust Area Industries" scheme, the Thrust Area Industries are provided Subsidy on the Investments on Plant and Machinery. The applications are accepted offline in the prescribed form available on the Official Website of the Department.
Capital Investment Subsidy: Thrust Area Industries under Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - Introduction
The "Capital Investment Subsidy: Thrust Area Industries" is a Component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" Scheme by the Department of Industrial Development (Industries and Commerce), Union Territory of Puducherry. The Thrust Area Industries are provided Subsidy on the Investments on Plant and Machinery. The applications are accepted offline in the prescribed form available on the Official Website of the Department.
Benefits
Subsidy on the Investments on Plant and Machinery
- 20% subject to a maximum of ₹20,00,000/- for the large and medium enterprises.
- 35% subject to a maximum of ₹30,00,000/- for the small and micro enterprises.
Number of Installments
The subsidy shall be disbursed in a single installment. NOTE: Where due to paucity of funds in a particular financial year or for such other reasons as the case may be, single installment disbursement is not possible, such disbursement will be made in installments.
Mode of Disbursement
In the case of Units Financed by Financial Institutions/Banks, the subsidy amount shall be disbursed through the financial institutions/banks only, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or working capital purposes.
In the case of Self-financed Units, the subsidy shall be disbursed directly to the entrepreneurs.
Eligibility
The applicant should be a Thrust Area Industry (Electronic Industries, Bio-technology Industries, Food Processing Industries, Food Processing Industries, Agro Processing Industries Including Marine Products, Leather Products and Footwear Industries, Light Engineering Industries Including Auto Components, Textiles Industries Including Garments, New thrust area industries which have started production on or after 3rd April 2003).
Application Process
- Step 1: The industrial unit should register the claim for the grant of incentive/subsidy in the industry.py.gov.in 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).
The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of incentive/subsidy.
For New Units
Within one year from the date of commencement of obtaining the Entrepreneurs Memorandum Part-2/ Permanent Registration/ Commencement of Production Certificate.
For Existing Units
Within one year of completion of Expansion/ Diversification/ Modernization.