Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials
This is a sub-scheme under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, that aims to provide financial assistance for purchase of machinery or raw materials for development of their business.
About the Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials Scheme
The scheme “Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials” is a sub scheme under the “Investment Promotion Scheme (IPS)” for Handicraft Artisans. 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. therefore making the U.T. a Special Hub for the MSME sector; 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 For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials" Sub-scheme:
Under this scheme, the Handloom and Handicrafts artisans of the U.T. requiring financial assistance for purchase of machinery or raw materials for development of their business shall be provided Capital subsidy for investment in Machinery and for working capital.
Benefits
> Machinery Investment Subsidy:
- Subsidy Rate: 50% of the investment made in machinery.- Maximum Subsidy Amount: Upto ₹2,00,000/-.
> Working Capital Loan Subsidy:
- Subsidy Rate: 50% of the loan taken for working capital (e.g., purchase of raw materials). - Maximum Subsidy Amount: Upto ₹2,00,000/-.
Note: 10% additional subsidy shall be provided to (Scheduled Castes/ Scheduled Tribes/ Women/ Differently abled having 30% or more disability.
Eligibility Criteria
- The applicant should be a Handloom and Handicrafts artisan.
- The applicant should be a resident of the U.T. of Dadra and Nagar Haveli & Daman and Diu.
- The applicant should be above 18 years of age.
- The applicant should be interested in purchasing machinery or raw materials for development of their business.
- The applicant must have skills of Handloom or Handicraft art and shall demonstrate the products made by him/her to the committee consisting of GM (DIC), Director (Tourism) and CEO (District Panchayat).
How to Apply for Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials
Application mode: Online
> 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
Exclusions
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Frequently Asked Questions
What is the Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials scheme?
The scheme “Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials” is a sub scheme under the “Investment Promotion Scheme (IPS)” for Handicraft Artisans. It was launched o…
Who is eligible for Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials?
The applicant should be a Handloom and Handicrafts artisan. The applicant should be a resident of the U.T. of Dadra and Nagar Haveli &amp; Daman and Diu. The applicant should be above 18 years of age. The applicant should be interested in purchasing machinery or raw materials for development of…
What benefits does Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials provide?
Machinery Investment Subsidy: Subsidy Rate: 50% of the investment made in machinery.- Maximum Subsidy Amount: Upto ₹2,00,000/-. Working Capital Loan Subsidy: Subsidy Rate: 50% of the loan taken for working capital (e.g., purchase of raw materials). - Maximum Subsidy Amount: Upto ₹2,00,000/-. Note:…
How can I apply for Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials?
> 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. Pleas…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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