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.
The scheme aims to promote innovations in individuals, start-ups, and Micro, Small and Medium Enterprises (PRISM). It offers financial support (up to ₹20,00,000/-) for Indian Citizens working on innovation projects requiring fabrication of working models, patenting, or technology transfer.
The scheme aims to promote innovations in individuals, start-ups, and Micro, Small and Medium Enterprises (PRISM). It offers financial support (up to ₹20,00,000/-) for Indian Citizens working on innovation projects requiring fabrication of working models, patenting, or technology transfer.
***The maximum support under Category II is ₹20,00,000/- or 90% of the approved project cost, whichever is lower. The approved project cost must be more than ₹5,00,000/- and up to ₹35,00,000/-.*** ##### ***Eligible Components for Support*** - Research and Development/Design Engineering/Consultancy charges. - Rental charges for laboratory/workshop facilities. - Essential equipment that cannot be taken on rent (reasons for purchase must be given). - Raw material/spares/consumables cost. - Fabrication/synthesis charges. - Manpower cost of technical assistants, not exceeding 20% of the approved project cost. - Testing and trials. - Travel cost, not exceeding 5% of the approved project cost. - Patent filing (actual fee paid to the patent office). - Process know-how development. - Proposals involving scientifically characterizing or testing the efficacy and toxicity of herbal formulations. ##### ***Exclusions from Support*** - Innovator’s salary. - Rental expenses for use of own facilities. ##### ***Disbursement*** - The first release is based on milestones/deliverables projected in the project proposals and as recommended by the PRISM Advisory and Screening Committee (PASC). - Subsequent releases are based on the assessment of the progress of the project by the Project Review Committee (PRC). ##### ***Conditions*** - The applicant has to sign "Terms & Conditions" prior to the actual release of grants-in-aid. - The approved projects will be monitored by the TePP Outreach cum Cluste
Step 1: Offline application — step 1
Proposals can be submitted to the following -
Step 2: Offline application — step 2
The nearest TePP Outreach cum Cluster Innovation Centres (TOCICs). The Department of Scientific and Industrial Research (DSIR).
Step 3: Offline application — step 4
Step 1: Consultation and Preparation
Step 4: Offline application — step 5
The innovator should meet coordinators of TePP Outreach cum Cluster Innovation Centres (TOCICs) and take their advice before submitting the application. The applicant must prepare the application form , ensuring all mandatory details like the Title of the proposed project, Name, Address, Date of Birth, Educational qualification, Annual Income, Permanent Account Number (PAN) (mandatory), and Aadhaar Number are included.
Step 5: Offline application — step 6
Step 2: Submission of Proposal
Step 6: Offline application — step 7
The applicant must submit the application either directly to the nearest TePP Outreach cum Cluster Innovation Centre (TOCIC) or directly to the Department of Scientific and Industrial Research (DSIR). Proposals submitted directly to the Department of Scientific and Industrial Research will be forwarded to the relevant TePP Outreach cum Cluster Innovation Centre for counselling and local screening.
Step 7: Offline application — step 9
Post-Application Processes
Step 8: Offline application — step 10
Step 1: Initial Screening for Completeness
Step 9: Offline application — step 11
The proposals will initially be screened for completeness at the point of receipt by the coordinators of the TePP Outreach cum Cluster Innovation Centres.
Step 10: Offline application — step 12
Step 2: Evaluation by Domain Knowledge Experts
Step 11: Offline application — step 13
After initial Screening, the complete and screened proposals are evaluated by the Domain Knowledge Experts associated with the TePP Outreach cum Cluster Innovation Centre.
Step 12: Offline application — step 14
Step 3: Submission to the Department of Scientific and Industrial Research
Step 13: Offline application — step 15
The TePP Outreach cum Cluster Innovation Centres will send complete and evaluated proposals to the Department of Scientific and Industrial Research for further action.
Step 14: Offline application — step 16
Step 4: Committee Recommendation
Step 15: Offline application — step 17
The proposals will then be considered by the PRISM Advisory and Screening Committee (PASC) for final recommendation.
Step 16: Offline application — step 18
Step 5: Final Approval and Sanction
Step 17: Offline application — step 19
The sanction will finally be released to those projects that are approved by the Department.
Step 18: Offline application — step 20
Step 6: Signing of Terms and Conditions
Step 19: Offline application — step 21
The applicant has to sign the "Terms & Conditions" document prior to the actual release of the grants-in-aid.
Step 20: Offline application — step 23
Disbursement
Step 21: Offline application — step 24
Step 1: First Release
Step 22: Offline application — step 25
The first release of funds is based on milestones and deliverables projected in the project proposals and as recommended by the PRISM Advisory and Screening Committee (PASC).
Step 23: Offline application — step 26
Step 2: Subsequent Fund Release and Monitoring
Step 24: Offline application — step 27
Subsequent releases of funds are based on the assessment of the progress of the project by the Project Review Committee (PRC). The approved projects will be monitored by the TePP Outreach cum Cluster Innovation Centre/other network partners, including technical expert(s), and the Project Review Committees will meet at least once in nine months to review the progress of the project.
Step 25: Offline application — step 28
Step 3: Project Closure
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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