Objective of the "Investment Promotion Scheme (IPS)”:

Objective of the "Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials" Sub-scheme:

• Subsidy Rate: 50% of the loan taken for working capital (e.g., purchase of raw materials).
• Maximum Subsidy Amount: Upto ₹2,00,000/-.

• The applicant should be a Handloom and Handicrafts artisan.
• The applicant should be a resident of the U.T. of Dadra and Nagar Haveli & Daman and Diu.
• The applicant should be above 18 years of age.
• The applicant should be interested in purchasing machinery or raw materials for development of their business.
• The applicant must have skills of Handloom or Handicraft art and shall demonstrate the products made by him/her to the committee consisting of GM (DIC), Director (Tourism) and CEO (District Panchayat).

1. Corporate Identification Number (CIN) Document.
2. Taxpayer Identification Number (TIN) Document.
3. Permanent Account Number (PAN) Document.*
4. Goods and Services Tax Number (GST) Document.
5. Other Registrations Document.
6. Copy of Udyam Registration /Industrial Entrepreneur Memorandum, as applicable.
7. Copy of Partnership Deed and Firm Registration Certificate in case of partnership concern or Memorandum & Articles of Association and Date of Incorporation Certificate in case of Public/Private Limited companies.
8. Copy of land purchase deed duly signed by the applicant (If the Enterprise is functioning in its own land).
9. Copy of registered lease agreement for a minimum period of 5 years from the date of commencement of commercial production (If the Enterprise is functioning in a leased land/ building).
10. Copy of sanction order from Electricity Department for power supply with copy of the latest bill.
11. Authorization letter.
12. Copy of Consent to Operate / Renewal from PCC, DNH & DD (as applicable for Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021).
13. Copy of Factory licensee.
14. Undertaking.
15. Proof of being a Handloom or Handicraft artisan (for Applicant).
16. Age proof (for Applicant).
17. Any other documents as required.