Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries
“Financial Assistance To Cottage Industries'' under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provid...
**Rate of Capital Subsidy:** 25% of the term loan amount for setting up of the Cottage Industry up to a maximum of â‚ą5,00,000/-.
**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 â‚ą20,00,000/-.
Eligibility (who can apply)
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.
How to Apply
**Online**
> **Registration Process****:**
Visit the [Registration ](https://swp.dddgov.in/registration)page of the Official Website.
Provide the information in the respective input spaces and click on “Register”.
Verify your email address using the verification link sent on your email (If Mail is Not Received Your Inbox.
Please Check the Spam).
Click the Link/URL in the received email or Paste Link/URL in browser's address bar to complete your Account Verification.
Now enter “111111” as OTP to verify your mobile number.
Frequently Asked Questions
Who is eligible for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries / what is the eligibility?
- 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 Institu...
What are the benefits of 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 â‚ą5,00,000/-.
- **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 o...
How to apply online for Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries?
**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...