IPSHACIHH

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.

State Cash

States / UT: Dadra & Nagar Haveli and Daman & Diu

Nodal department: Department of Industries

Scheme for: Infra

Scheme profile

DBT (direct benefit transfer): No

Scheme open date: 2015-07-03

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship

Target beneficiaries: Individual, Business Entity, Industries

Tags: Capital Investment, MSMEs, Incentives, Entrepreneurship, Subsidy, Reimbursement, IPS, Handicraft Artisans, Handloom, Purchase Of Machinery

Details

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

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

  • 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).

Exclusions


Application Process

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

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What can the capital subsidy be used for?
The capital subsidy can be used for purchasing machinery and raw materials essential for the development of the artisan's business.
Who is eligible for financial assistance?
Handloom and Handicrafts artisans residing in the Union Territory (U.T.) are eligible for financial assistance.
What kind of financial assistance is provided?
Artisans are provided with a capital subsidy for investment in machinery and working capital to help develop their business.
Can the subsidy be used for other expenses?
No, the subsidy is specifically meant for the purchase of machinery and raw materials. It cannot be used for other unrelated expenses.
How much subsidy can an artisan receive?
The amount of subsidy provided will be determined based on the artisan's business needs and the guidelines set by the relevant authorities.
What is the maximum subsidy available for investment in machinery?
A beneficiary can avail a maximum subsidy of 50% of the investment made in machinery, up to ₹2,00,000/-.
What is the maximum subsidy available for working capital loans?
A beneficiary can avail a maximum subsidy of 50% of the loan taken for working capital (e.g., for purchasing raw materials) up to ₹2,00,000/-.
Is there any additional subsidy for specific groups?
Yes, an additional 10% subsidy is provided to Scheduled Castes (SC), Scheduled Tribes (ST), women, and differently-abled individuals with 30% or more disability.
Can a beneficiary receive both machinery investment and working capital loan subsidies?
Yes, a beneficiary can avail subsidies for both machinery investment and working capital loans, subject to the maximum limits specified for each category.
Is the subsidy applicable for all types of machinery and raw materials?
The subsidy applies to machinery and raw materials essential for the beneficiary's business operations, subject to approval by the relevant authorities.
What is the operative period of the scheme?
The operative period of scheme is from 20.05.2022 till 5 years that is 19.05.2027.
If an enterprise is established in 2023 and becomes eligible for the scheme what would be the time period in which benefits are applicable?
The enterprise can avail benefit commencing from date of production till 5 years even if that period falls beyond operative period.
How can an eligible applicant apply to get the benefits of the scheme?
The eligible unit can apply by visiting single window portal website which is "swp.dddgov.in", and once page pops-up the user have to go to departments tab and select district industries tab under which the user have to click on apply for investment promotion scheme: 2022 to 2027.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

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