Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Capital Investment In Solar Power Generation

डीबीटी (प्रत्यक्ष लाभ अंतरण): नहीं

योजना प्रारंभ तिथि: 2015-07-03

श्रेणियाँ: व्यवसाय और उद्यमिता

उप-श्रेणियाँ: Setting up / start-up / entrepreneurship, Waste and environmental impact, Technology upgradation, Machine & skill up-Gradation

लक्षित लाभार्थी: Business Entity, Industries

टैग: Solar Power Generation, Capital Investment, MSMEs, Incentives, Entrepreneurship, Subsidy, Reimbursement

• - 25% subsidy subject to a limit of maximum of ₹50,00,000/-. Note: Enterprise shall be eligible only once to avail this scheme

To be eligible, What percentage of the total power consumption must an enterprise meet through solar power?

To be eligible, Enterprise shall have to meet at least 10 % of their total power consumption through solar power.

Can an enterprise avail this scheme more than once?

Enterprise shall be eligible only once to avail this scheme.

Which report should be submitted along with other documents by an enterprise while applying for this scheme?

Enterprise should submit power consumption report before and after installation of solar power plants in prescribed format.

What happens to the benefit of the incentive if a newly setup enterprise is sold or transferred to a new owner within the first five years of its establishment?

If a newly setup enterprise is sold or otherwise transferred to a new owner during the period of five years, the benefit of the incentive shall be available to such transferee or the new owner, only for the unexpired portion.

What is the definition of Expansion/ Diversification?

Expansion/Diversification means where an existing / New Enterprise increases its investment by at least 50% (out of which at least 60% of investment is made in plant and machinery for which expansion is carried out) of its existing Gross Fixed capital investment on the date of initiating expansion and compared with the date of commencing production during the operative period of the scheme. Only one Expansion / Diversification will be eligible for assistance during the operative period of the Scheme.

What measures are in place to prevent misuse of the subsidy scheme?

Strict guidelines, documentation requirements, and verification procedures are in place to ensure that subsidies are availed by eligible enterprises for genuine purposes only.

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 unit 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.

If a manufacturing unit is eligible under more than one scheme then can it select the scheme which allows most benefits?

Yes. The unit can select any one scheme to avail benefits if it comes under the eligibility of more than one scheme. However, units cannot apply for benefits for the similar subsidy in multiple schemes and can apply in schemes which are complementary in nature.

What is the deadline for an enterprise to submit the application through the online portal?

Enterprise shall have to apply within six months of generation of solar power.

• https://www.myscheme.gov.in/schemes/ipsacispg
• https://swp.dddgov.in/assets/pdf/Notification_IPS_2022_DNH_DD.pdf
• https://swp.dddgov.in/assets/pdf/FAQs_IPS_2022.pdf

• Guidelines
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