The Union Territory of Lakshadweep has implemented the scheme “25% Capital Investment Subsidy” to provide financial assistance to local entrepreneurs for promoting Micro and small Enterprises in Lakshadweep.
The Union Territory of Lakshadweep has implemented the scheme “25% Capital Investment Subsidy” to provide financial assistance to local entrepreneurs for promoting Micro and small Enterprises in Lakshadweep.
1. Under the scheme, financial assistance of 25 % of the total cost of the Enterprise inclusive of land, machinery, and construction limited to the maximum amount of ₹6.25 lakhs will be provided to the eligible entrepreneurs.
Step 1: Offline application — step 1
Step 01: The Scheme will be advertised/ published through the Panchayat Raj Institution and Lakshadweep website every year to attract more Entrepreneurs. Step 02: Newly established Entrepreneurs shall submit their application form as per the guidelines issued by the Department of Industries to the concerned DCs/SDOs of respective islands along with all the supporting documents. Step 03: The duly constituted Island level Committee under the Chairmanship of DCs/SDOs shall verify the claims submitted by the Entrepreneur and also physically inspect the Units. The same may be forwarded to the Director, Industries in the prescribed format ( Annexure-IV ) with complete details including bills received from the Entrepreneur. A. Island Level Committee except Bitra are as follows: 1. Deputy Collector/ SDOs- Chairman 2. Assistant Engineer (PWD)- Member 3. Senior Auditor/JAO, FPU- Member 4. Senior most Supervisor, Department of Industries - Member Bitra: 1. Assistant Engineer (PWD)- Chairman 2. Authorised Officer Bitra- Member 3. Executive Officer, Panchayat- Member B. District Level Scrutinising Committee 1. The Secretary (Industries) – Chairman 2. The Accounts Officer(1), DP - Member 3. The Superintending Engineer, LPWD- Member 4. The Director (Plg. & Stats) – Member 5. The Director of Industries – Member Note: The District Level Committee (DLC) shall verify the details received from the Island Level Committee and recommend the quantum of subsidy to the Beneficiary according to the guidelines.
Applications are accepted only on the official government portal.
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