"Infrastructure Subsidy" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries"

DETAILS The "Infrastructure Subsidy" is a Component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" Scheme by the Industries and Commerce Department, Union Territory of Puducherry. 25% subsidy is provided to the industrial units who have made investments on building with a minimum extent of 50,000 sq. ft. constructed area. The applications are accepted offline in the prescribed form available on the Official Website of the Department. BENEFITS 25% subsidy subject to a maximum of ₹1,00,00,000/-. For the infrastructure developer who has made investment on building with a minimum extent of 50,000 sq. ft. constructed area, for leasing out to IT industries. 25% subsidy subject to a maximum of ₹1,00,00,000/-. For the industrial unit, which is investing for construction of factory building of not less than 50,000 sq.ft for setting up of the IT industries. 25% subsidy subject to a maximum of ₹1,00,00,000/-. For the infrastructure developer who has made investment on building with a minimum extent of 50,000 sq. ft. constructed area, for leasing out to the bio-technology industries. 25% subsidy subject to a maximum of ₹50,00,000/-. For the bio-technology industry unit which has made investment on building with a minimum extent of 5,000 sq. ft for self-occupation.  Number of Installments The subsidy shall be disbursed in annual installment not exceeding ₹25,00,000/- per annum till completion of the total eligible subsidy. ELIGIBILITY The applicant should be an infrastructure developer who has made investment on building with a minimum extent of 50,000 sq. ft. constructed area, for leasing out to IT industries. OR The applicant should be an industrial unit, which is investing for construction of factory building of not less than 50,000 sq.ft for setting up of the IT industries. OR The applicant should be an infrastructure developer who has made investment on building with a minimum extent of 50,000 sq. ft. constructed area, for leasing out to the bio-technology industries. OR The applicant should be a bio-technology industry unit which has made investment on building with a minimum extent of 5,000 sq. ft for self-occupation. *The subsidy would be eligible for the investment made on building on or after 31-7-2006. *For the purpose of this scheme, "IT industries" mean Manufacturers of Computer Systems, Software/Information Technology Enabled Services (ITES), Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO).