Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Quality Certification

About This Scheme

The scheme “Assistance For Quality Certification” 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 incentives and assistance to the MSME Sector in order to nurture them and protect them from market vagaries thereby making them vibrant and successful, 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 Quality Certification" Sub-scheme:* Through this incentive, eligible industries will be eligible to get quality certification to introduce quality products in competitive markets. Quality certification can improve quality standards in MSME, Competitiveness among MSMEs, improve good demand for the products and ensure sustainability of the unit. MSMEs as defined in the manufacturing sector will be eligible for assistance.

Eligibility

1. Should be a New Manufacturing/ Service units or Existing Manufacturing / Service units which undertakes Expansion/ Diversification in MSME sector. 1. The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027. 1. The unit should be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu. 1. The unit should acquire the certificates from certifying bodies, registered with National Accreditation Board for Certification Bodies (NABCB). 1. The Enterprise shall have to apply within one year from the date of issue of the Certificate.

Benefits

- 50% of fee payable to certification for National/ International Certification. - 50% cost of testing equipment and machinery required for that certification up to a maximum amount of ₹10,00,000/-.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.