Capital Investment Subsidy: Thrust Area Industries" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries"

DETAILS The "Capital Investment Subsidy: Thrust Area Industries" is a Component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" Scheme by the Department of Industrial Development (Industries and Commerce), Union Territory of Puducherry. The Thrust Area Industries are provided Subsidy on the Investments on Plant and Machinery. The applications are accepted offline in the prescribed form available on the Official Website of the Department. BENEFITS Subsidy on the Investments on Plant and Machinery 20% subject to a maximum of ₹20,00,000/- for the large and medium enterprises. 35% subject to a maximum of ₹30,00,000/- for the small and micro enterprises.  Number of Installments The subsidy shall be disbursed in a single instalment. NOTE: Where due to paucity of funds in a particular financial year or for such other reasons as the case may be, single instalment disbursement is not possible, such disbursement will be made in instalments.  Mode of Disbursement In the case of Units Financed by Financial Institutions/Banks, the subsidy amount shall be disbursed through the financial institutions/banks only, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or working capital purposes. In the case of Self-financed Units, the subsidy shall be disbursed directly to the entrepreneurs. ELIGIBILITY The applicant should be a Thrust Area Industry (Electronic Industries, Bio-technology Industries, Food Processing Industries, Agro Processing Industries Including Marine Products, Leather Products and Footwear Industries, Light Engineering Industries Including Auto Components, Textiles Industries Including Garments, New thrust area industries which have started production on or after 3rd April 2003).