Investment Promotion Scheme (IPS) for MSME Sector: Assistance To Small And Medium Enterprises (SME) For Raising Of Capital Through SME Exchange
About This Scheme
The scheme “Assistance To Small And Medium Enterprises (SME) For Raising Of Capital Through SME Exchange” 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 To Small And Medium Enterprises (SME) For Raising Of Capital Through SME Exchange" Sub-scheme: Under this scheme, one-time assistance is provided for expenditure incurred on raising of funds through SME Exchange, after successful raising of equity as per approved Scheme by SME Exchange during the operative period of the Scheme.
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. Unit should be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu. 1. Enterprise shall have to apply within one year from the listing date in SME Exchange.
Benefits
- 25% of expenditure incurred on raising of fund through SME Exchange, limited to maximum to ₹5,00,000/-.
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.