The new IT/ITES industrial unit which started production on or after 6-11-2002 are provided with subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme.
The new IT/ITES industrial unit which started production on or after 6-11-2002 are provided with subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme.
The "Capital Investment Subsidy: Information Technology (IT) / Information Technology Enabled Services (ITES) 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 new IT/ITES industrial unit which started production on or after 6-11-2002 are provided with subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme. The applications are accepted offline in the prescribed form available on the Official Website of the Department.
Subsidy on the investments made on plant and machinery @ 20% thereon subject to a maximum of ₹20,00,000/- for the large, medium, small and micro enterprises during the period of operation of the scheme.
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> Number of Installments
The subsidy shall be disbursed in a single instalment.
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> 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.
Step 1: Offline — Step 1
The industrial unit should register the claim for the grant of incentive/subsidy in the prescribed form available on the Official Website of the Directorate of Industries and Commerce, Puducherry.
Step 2: Offline — Step 2
In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Offline — Step 3
The unit should submit the duly filled and signed application form and the documents to the concerned authority.
Step 4: Offline — Step 4
Request a receipt or acknowledgement from the concerned authority to whom the application form has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable). *The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of incentive/subsidy. <br> > Application Deadline For New Units Within one year from the date of commencement of obtaining the Entrepreneurs Memorandum Part-2/ Permanent Registration/ Commencement of Production Certificate. For Existing Units Within one year of completion of Expansion/ Diversification/ Modernization.
Yes, for units financed by financial institutions/banks, the subsidy amount can be utilized for both loan adjustment and the creation of additional fixed assets or working capital.
Yes, existing units are encouraged to apply within one year of completion of expansion, diversification, or modernization projects.
The application form can be obtained free of cost from the Official Website of the Directorate of Industries and Commerce, Puducherry.
An engineer's certificate for building valuation assessed by PWD/PIPDIC is required, emphasizing the importance of their role in assessing building valuations.
Yes, a chartered accountant certificate is necessary for assessing the investment in fixed assets, pollution control equipment, and generators.
In case of second-hand machinery, the Notary Affidavit is crucial as it states that the subsidy has not been availed from the Central Government or any State or Union Territories.
DSTE provides certificates for the installation of pollution control equipment, air/water consent orders, and other necessary environmental certifications.
The scheme requires documents such as air/water consent orders obtained from the Directorate of Sustainable Technologies and Environmental (DSTE) to ensure compliance with environmental regulations.
Existing units must apply within one year of completing Expansion/Diversification/Modernization.
New units must apply within one year from the date of obtaining the Entrepreneurs Memorandum Part-2/Permanent Registration/Commencement of Production Certificate.
The applicant should be a new IT/ITES industrial unit that commenced production on or after 6-11-2002.
For self-financed units, the subsidy is disbursed directly to the entrepreneurs.
Applications are accepted only on the official government portal.
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