Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries

• Rate of Capital Subsidy: 25% of the term loan amount for setting up of the Cottage Industry up to a maximum of ₹5,00,000/-.

• Rate of Interest Subsidy: 50% of the Interest charged by Bank or NBFC or Cooperative Bank shall be reimbursed up to a period of 5 years from the date of commencement of Production.

Note:

• 10% additional capital subsidy shall be provided to Scheduled Castes/ Scheduled Tribes / Women/ Differently abled having 30% or more disability.
• Maximum limit of the Bank Loan should be ₹20,00,000/-.

• The applicant should be associated with Cottage Industry.
• The applicant should be above 18 years of age.
• The applicant should have passed minimum standard Four (IV).
• The applicant should have undergone training for minimum one month from Government of India recognized Institutes, in the area of the proposed business.

Or,

The applicant should have experience of minimum 1 year in the same activity

Or

The applicant should be hereditary craftsperson.

> 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 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: dic-dd@nic.in

For Technical Assistance on Single Window Portal (i.e. https://investdd.in) Contact No. : 0260-2231885 / 2231886 E-Mail : ddegs-dd@nic.in