25% Capital Investment Subsidy Scheme
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.
Through this scheme, assistance of 50% is provided subject to a maximum of ₹2,00,000/- for the expenditure for obtaining domestic patent (₹5,00,000/- for international patent). The applications are accepted offline in the prescribed form available on the Official Website of the Department.
Through this scheme, assistance of 50% is provided subject to a maximum of ₹2,00,000/- for the expenditure for obtaining domestic patent (₹5,00,000/- for international patent). The applications are accepted offline in the prescribed form available on the Official Website of the Department.
Assistance @ 50% subject to a maximum of ₹2,00,000/- for the expenditure for obtaining domestic patent (₹5,00,000/- for international patent). > **Time of Disbursement** After the publication/notification of the patent. > **Number of Installments** In single or multiple instalments, depending on the availability of funds. > **Mode of Disbursement** - The subsidy amount shall be disbursed through the financial institutions/banks only, if the unit is financed by them, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or for working capital purposes. - In the case of self-financed units, the subsidy shall be disbursed directly to the entrepreneur/unit. _*The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including Co-operative Banks._
Step 1: Offline application — step 1
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 application — step 2
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 application — step 3
Step 3: The unit should submit the duly filled and signed application form and the documents to the concerned authority.
Step 4: Offline application — step 4
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).
Step 5: Offline application — step 5
Post-Application Process
Step 6: Offline application — step 6
Step 1: The applications shall be scrutinized by the Directorate of the Industries on merit basis for the grant of incentives/subsidies/assistances to determine the quantum of amount admissible will be placed before the State Level Committee.
Step 7: Offline application — step 7
Step 2: The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of incentive/subsidy and will recommend the quantum of incentive/subsidy admissible to the unit.
Step 8: Offline application — step 8
Application Deadline
Step 9: Offline application — step 9
Within 1 year from the date of publication/notification of the patent.
Applications are accepted only on the official government portal.
Open Official WebsiteThe 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.
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