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Investment Promotion Scheme (IPS) for Thrust Sectors: Assistance For Furniture Sector

The Dadra And Nagar Haveli And Daman And Diu

Entrepreneurship
Furniture Sector
Incentives
IPS
Reimbursement
Subsidy
Thrust Sectors
Details
Benefits
Eligibility
Exclusions
Application Process
Documents Required
Frequently Asked Questions
The scheme “Assistance For Furniture Sector” is a sub scheme under the “Investment Promotion Scheme (IPS)” for MSME Sector. It was launched on 3rd July, 2015 for a period of five years by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu. Now it has been extended further from 20th May, 2022 and shall be operative till 19th May, 2027.
Objective of the "Investment Promotion Scheme (IPS)”:
The scheme envisages to provide further fillip to the specialized Thrust Sectors such as Plastic Furniture, Steel Furniture, Brass Furniture, Metal Furniture, Cane Furniture, Wooden Furniture, Bamboo Furniture, Fibre Glass Furniture and Marble Furniture etc, therefore making the U.T. a Special Hub for the furniture sector: maximize Women participation in the business sector, reduce unemployment among the local residents and incentivize the industries to employ resident laborers etc.
Objective of the "Assistance For Furniture Sector" Sub-scheme:
Under this Scheme, an eligible furniture sector enterprises shall be provided with various types of subsidies i.e. Capital Investment Subsidy, Credit linked Interest Subsidy, reimbursement on cost of establishment, space rent subsidy etc.
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