Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy
“Assistance of Interest Subsidy” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to pro...
50% Subsidy of interest charged by the Bank with an upper ceiling of â‚ą30,00,000/- per annum for a period of 5 years OR for the period of repayment of loan whichever is earlier.
> **Note:**
10% additional interest subsidy to differently abled entrepreneurs, women entrepreneurs and registered Start up in manufacturing /service sector.
10% additional subsidy to young entrepreneurs below the age of 35 years on the date of sanction of term loan.
Eligibility (who can apply)
Should be a New Manufacturing/ Service units or Existing Manufacturing / Service units which undertakes Expansion/ Diversification in MSME sector.
The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027.
Unit should be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu.
Enterprise will have to remain in production for 5 years from the date of commercial production.
Enterprise will have to observe Pollution Control measures as prescribed by PCC or other competent authority as per Notification [No. PCC/DMN/13(PART IV)/2020-2021/448 DATED 25/01/2021](https://www.daman.nic.in/websites/Pollution-Control-Committee/2021/448-25-01-2021.pdf). 1. Loan should be sanctioned by a Bank or Financial Institution as per RBI guidelines.
The enterprise shall have to submit the application within one year from the date of the first disbursement of loan or on or before one year from the date of commencement of commercial production.
How to Apply
**Online**
> ***Registration Process******:***
**Step 1:** Visit the [Registration](https://swp.dddgov.in/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.
Frequently Asked Questions
Who is eligible for Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy / what is the eligibility?
1. Should be a New Manufacturing/ Service units or Existing Manufacturing / Service units which undertakes Expansion/ Diversification in MSME sector.
1. The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027.
1. Unit should be located in the U.T. of...
What are the benefits of Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy?
- 50% Subsidy of interest charged by the Bank with an upper ceiling of â‚ą30,00,000/- per annum for a period of 5 years OR for the period of repayment of loan whichever is earlier.
> **Note:**
- 10% additional interest subsidy to differently abled entrepreneurs, women entrepreneurs a...
How to apply online for Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy?
**Online**
> ***Registration Process******:***
**Step 1:** Visit the [Registration](https://swp.dddgov.in/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...