"Generator Subsidy" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - Various Incentives"

DBT (direct benefit transfer): No

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship, Machine & skill up-Gradation

Tags: Machine, Generator, Subsidy, Business, MSME, Entrepreneur

• - Subsidy: 50%.- Purpose: For the purchase and installation of the Generator purchased on or after 1st April 2017.- Ceiling: ₹5,00,000/- per annum per industrial unit.- Number of Installments: In single or multiple instalments, depending on the availability of funds.- Mode of Disbursement: The subsidy amount shall be disbursed through the financial institutions/banks only, if the unit is financed by them, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or for the working capital purposes. In case of self-financed units, the subsidy shall be disbursed directly to the entrepreneur/unit. The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including Co-operative Banks

What is the timeline for submitting subsidy applications for capital investment?

The subsidy application for capital investment must be submitted within one year from the date of commencement of regular commercial production.

What is required for all claims to be supported according to the provided content?

All claims must be supported by a certificate issued by a Chartered Accountant.

How much employment must be provided to residents of Puducherry for a unit to be eligible for incentives/subsidies/assistance?

At least 60% of employment must be provided to the people of Puducherry out of the total employment strength of the industrial units.

What is the composition of the State Level Committee responsible for evaluating subsidy applications?

The State Level Committee consists of the Secretary to Government (Industries & Commerce), the Managing Director of PIPDIC, the Deputy Secretary/Under Secretary (Finance), and the Director of Industries and Commerce, all from Puducherry.

Under what circumstances would the entire amount of subsidies and incentives availed need to be refunded, according to the content?

If the unit undergoes any amendments in new partners or shareholders within five years from the date of availing the subsidy, the entire amount of subsidies and incentives availed must be refunded with a simple interest of 14% per annum.

Which types of investments are ineligible for investment subsidy according to the provided conditions?

Working capital, commissioning fees, goodwill fees, royalty, preliminary and pre-operative expenses, capitalized interest, transportation and erection charges, goods vehicles, office equipment, furniture, crates, pallets, and consumable stores, etc., are ineligible for investment subsidy.

Through whom is the subsidy amount disbursed if the unit is financed by financial institutions/banks?

The subsidy amount is disbursed through financial institutions/banks towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or for working capital purposes.

How is the subsidy disbursed for self-financed units?

For self-financed units, the subsidy is disbursed directly to the entrepreneur/unit.

What happens if an industrial unit has availed investment subsidy from the Central Government/State Government or any other agency?

If an industrial unit has availed investment subsidy from any other agency, it is not eligible to apply for a subsidy for the same investment again under this Scheme.

What is the condition for industrial units set up by the same person to be eligible for subsidy as separate entities?

Industrial units set up by the same person as proprietor, common partners, or common Board of Directors/shareholders are eligible for subsidy as separate entities provided the location of the units is different and licenses/clearances/registrations are obtained separately for the enterprises.

How is the commencement date for regular commercial production determined?

The commencement date is verified by Officials of the Industries Department based on the entrepreneur's admission.

What is the employment requirement for qualifying for incentives/subsidies?

To qualify for incentives/subsidies, the industrial unit must provide at least 60% of employment to residents of Puducherry out of the total employment strength.

When is the entire amount of subsidies and incentives availed required to be refunded?

The amount must be refunded if there are amendments in partners or shareholders within five years of availing the subsidy, with an interest of 14% per annum.

Which investments are ineligible for investment subsidy?

Ineligible investments include working capital, commissioning fees, goodwill fees, royalties, and office equipment, among others.

How is the subsidy amount disbursed for units financed by financial institutions?

The subsidy amount is disbursed through financial institutions/banks, either for loan adjustment or the creation of additional fixed assets or working capital.

What conditions determine the instalment disbursement of subsidies?

Subsidies can be disbursed in single or multiple instalments based on fund availability.

• https://www.myscheme.gov.in/schemes/gs-mesifai-vi
• https://industry.py.gov.in/sites/default/files/indsubsidy-g.o.pdf
• https://industry.py.gov.in/common-application-subsidies
• https://industry.py.gov.in/grievance-redressal-mechanism
• https://industry.py.gov.in/state-helpline

Guidelines

https://industry.py.gov.in/sites/default/files/indsubsidy-g.o.pdf

Application Form & Documents Required

https://industry.py.gov.in/common-application-subsidies

Grievance Redressal

https://industry.py.gov.in/grievance-redressal-mechanism

Helpline

https://industry.py.gov.in/state-helpline