Investment Promotion Scheme (IPS) for MSME Sector: Incentives For Doubling Of Export Values

Investment Promotion Scheme (IPS) for MSME Sector: Incentives for Doubling Export Values

The “Investment Promotion Scheme (IPS)” designed for the MSME sector in Dadra & Nagar Haveli and Daman & Diu, specifically titled “Incentives for Doubling of Export Values,” aims to bolster the export capabilities of Micro, Small, and Medium Enterprises (MSMEs). This initiative, introduced by the Department of Industries, is structured to provide critical support for enhancing export values, thereby promoting economic growth and sustainability within the region.

Overview of the Scheme

The “Incentives for Doubling of Export Values” is a crucial component of the broader “Investment Promotion Scheme (IPS)” tailored for the MSME sector. Originally launched on July 3, 2015, the scheme was intended to operate for five years but has now been extended until May 19, 2027, following a renewal on May 20, 2022, by the Department of Industries, U.T. Administration of Dadra & Nagar Haveli and Daman & Diu.

Aims and Objectives

The primary goal of the “Investment Promotion Scheme (IPS)” is to provide financial incentives and support to the MSME sector, ensuring its resilience against market fluctuations. The scheme seeks to:

• Encourage and empower women to participate actively in the business landscape.
• Mitigate unemployment among local populations.
• Motivate industries to hire local laborers.

Specific Objectives of the “Incentives for Doubling of Export Values” Sub-scheme

This sub-scheme offers financial incentives to MSMEs that achieve a doubling of their export value compared to the previous year. The initiative aims to significantly boost export volumes and values.

Benefits of the Scheme

Participants in the scheme can enjoy various financial benefits based on their export performance:

• Women Entrepreneurs: Eligible for 2% of their export value, capped at ₹30,00,000.
• Other Entrepreneurs: Eligible for 1% of their export value, with a maximum limit of ₹20,00,000.

Note: Incentives are available for enterprises annually throughout the scheme’s duration.

Eligibility Criteria

<pTo qualify for the "Incentives for Doubling of Export Values," applicants must meet the following requirements:

• Must be new manufacturing or service units, or existing units undertaking expansion or diversification in the MSME sector.
• The unit must have commenced commercial production between May 20, 2022, and May 19, 2027.
• Units should be located within the Union Territory of Dadra and Nagar Haveli & Daman and Diu.
• Enterprises are required to submit applications within six months following March 31 of the preceding financial year.

Exclusions

Specific exclusions may apply based on the operational guidelines of the scheme. It is advisable to consult the official resources for a detailed understanding.

Application Process

To apply for the scheme, follow these structured steps:

Registration Process

1. Navigate to the registration page on the official website.
2. Fill in the required details in the respective fields and click “Register.”
3. Verify your email through the link sent to your inbox (check spam if not received).
4. Complete your account verification by clicking the link provided in the email or pasting it into your browser.
5. Input “111111” as the OTP to verify your mobile number; credentials will be sent to your registered email.
6. Upon successful registration, you will receive your login credentials via email.

Application Process

1. Go to the user login page on the official website.
2. Enter your registered mobile number and the PIN sent to your email, then click “Log In.”
3. After successfully logging in, select “Departments & Services” from the left menu.
4. Locate “District Industries Centre DD & DNH” and click “Click Here” to apply for the “Investment Promotion Scheme: 2022 to 2027.”
5. The “Common Application Form” will appear; fill in all required details and upload the necessary documents.
6. Review all entered information for accuracy and click “Submit” to finalize your application.

Helpdesk Information

For further assistance, contact the District Industries Centre:

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

For technical support on the Single Window Portal, reach out at:

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

Official Source

For comprehensive details, visit the official website: myScheme.gov.in.