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

DETAILS The "Rent 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. This scheme aims to support scheduled caste/scheduled tribe and woman entrepreneurs who have initiated production on or after 27-3-2002 in a rented building. It provides rent subsidy for the first five years from the commencement of commercial production on a tapering basis, with a maximum ceiling of ₹5,000 per month, subject to specific conditions. The applications are accepted offline in the prescribed form available on the Official Website of the Department. BENEFITS Subsidy for the first five years from the date of commencement of commercial production on a tapering basis as below: For the First Two Years: 50% of the Rent. For the Third Year: 40% of the Rent. For the Fourth and Fifth Year: 25% of the Rent. *The claims will be entertained and granted only in respect of units in operation. * The subsidy is subject to a ceiling of ₹5,000/- per month. ELIGIBILITY The applicant should be an Entrepreneur. The applicant should be a Woman or should be from a Scheduled Caste/ Scheduled Tribe. The applicant should have started production on or after 27th March 2002. The applicant should have started production in a rented building.