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 assistan...
**Subsidy Rate:** 50% of the investment made in machinery.- **Maximum Subsidy Amount:** Upto â‚ą2,00,000/-.
> **Working Capital Loan Subsidy:**
**Subsidy Rate:** 50% of the loan taken for working capital (e.g., purchase of raw materials). - **Maximum Subsidy Amount:** Upto â‚ą2,00,000/-.
**Note:** 10% additional subsidy shall be provided to (Scheduled Castes/ Scheduled Tribes/ Women/ Differently abled having 30% or more disability.
Eligibility (who can apply)
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
**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 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 / what is the eligibility?
1. The applicant should be a Handloom and Handicrafts artisan.
1. The applicant should be a resident of the U.T. of Dadra and Nagar Haveli & Daman and Diu.
1. The applicant should be above 18 years of age.
1. The applicant should be interested in purchasing machinery or ra...
What are the benefits of 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?
> **Machinery Investment Subsidy:**
- **Subsidy Rate:** 50% of the investment made in machinery.- **Maximum Subsidy Amount:** Upto â‚ą2,00,000/-.
> **Working Capital Loan Subsidy:**
- **Subsidy Rate:** 50% of the loan taken for working capital (e.g., purchase of raw materials). - **Ma...
How to apply online 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?
**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...