Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme For Marine Products Processing Units

Investment Promotion Scheme (IPS) for Marine Products Processing Units

The Investment Promotion Scheme (IPS) for Thrust Sectors, particularly focused on Marine Products Processing Units, is an initiative by the Department of Industries in the Union Territory of Dadra & Nagar Haveli and Daman & Diu. This scheme is designed to offer interest subsidies to support the establishment and expansion of marine product processing industries. Launched on July 3, 2015, the scheme has been extended and will be effective until May 19, 2027.

Overview of the Scheme

The Scheme For Marine Products Processing Units is a specialized sub-scheme under the broader Investment Promotion Scheme (IPS). Its primary goal is to boost the development of various thrust sectors such as furniture manufacturing and marine product processing, thereby transforming the Union Territory into a hub for these industries. The initiative also aims to enhance women’s participation in business, reduce unemployment among local residents, and encourage industries to hire local laborers.

Objectives

• To provide credit-linked interest subsidies to establish or expand marine products processing units.
• To promote local entrepreneurship and enhance economic growth in the region.

Key Benefits of the Scheme

• Credit-Linked Interest Subsidy: Beneficiaries can avail of a subsidy of 60% per annum, capped at a maximum of ₹50,00,000 per annum for five years or until the repayment of the loan, whichever is applicable first.

Eligibility Requirements

• The applicant must be a new manufacturing or service unit, or an existing unit looking to expand or diversify within the MSME sector.
• Commercial production must commence between May 20, 2022, and May 19, 2027.
• The unit must be located within the Union Territory of Dadra and Nagar Haveli & Daman and Diu.
• Applications should be submitted online within one year from the date of the first loan disbursement or before the start date of commercial production.

Application Process

Online Registration

1. Navigate to the Registration page on the official website.
2. Fill in the required information and hit the “Register” button.
3. Confirm your email address using the verification link sent to your inbox. (If not found, check the spam folder.)
4. Click the link in the email or paste it into your browser to complete account verification.
5. Enter “111111” as the OTP to authenticate your mobile number. You will receive the mobile number and PIN in your registered email.
6. Upon successful registration, your login credentials will be sent to your registered email address.

Application Submission

1. Go to the User Login page on the official website.
2. Input your registered mobile number and the PIN sent to your email, then click “Log In”.
3. Once logged in, select the “Departments & Services” tab from the left menu bar.
4. Scroll to find “District Industries Centre DD & DNH” and click the corresponding button to apply for the “Investment Promotion Scheme: 2022 to 2027” (May 20, 2022, to May 19, 2027).
5. Fill out the “Common Application Form” with all necessary details and upload the required documents.
6. After verifying all entered information, click the “Submit” button to finalize your application.

Support and Assistance

For inquiries or assistance, applicants can reach out to:

District Industries Centre

• Contact Numbers: 0260-2260871 / 0260-2260310
• Email: dic-dd@nic.in

For technical support regarding the Single Window Portal, please contact:

• Contact Numbers: 0260-2231885 / 2231886
• Email: ddegs-dd@nic.in

Official Source

For more information, visit myScheme.gov.in.