"Outstanding SC/ST Entrepreneur" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises”

DETAILS "Outstanding SC/ST Entrepreneur" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises” is a scheme by the Industries and Commerce Department, Union Territory of Puducherry. The scheme is formulated under the New Industrial Policy 2016, introduced on 4th October 2016. The 'State Award' Schemes are formulated to provide awards for the best outstanding Entrepreneurs/Enterprises conforming to the New Industrial Policy 2016. The scheme is in operation in the whole of the UT of Puducherry. The applications are accepted offline in the prescribed form available on the Official Website of the Department. BENEFITS Cash Award of ₹2,00,000/- and a Citation. ELIGIBILITY The unit shall be functioning profitably for 3 years before the date of application. The entrepreneur should be from the Scheduled Caste/ Scheduled Tribe community. The unit should provide at least 60% of employment to the people of UT of Puducherry of the total employment strength of the industrial units.