Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment To Uplift The Economic Condition Of Artisans/ Persons

About This Scheme

The scheme “Assistance For Capital Investment To Uplift The Economic Condition Of Artisans/ Persons” is a sub scheme under the “Investment Promotion Scheme (IPS)” for Handicraft Artisans. 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. therefore making the U.T. a Special Hub for the MSME 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 Capital Investment To Uplift The Economic Condition Of Artisans/ Persons" Sub-scheme: Under this scheme, additional tools/equipment shall be provided to SC/ST/OBC/EWS communities to generate adequate income and self-employment. The persons engaged in 27 different activities, such as hawkers, vegetable vendors, carpenters etc. shall be provided financial assistance in the form of tools and equipment over and above the existing schemes.

Eligibility

1. The applicant should be a Handloom and Handicrafts artisan. 1. The applicant should be a resident of the U.T. of Dadra and Nagar Haveli & Daman and Diu. 1. The applicant should be above 18 years of age. 1. The applicant should belong to the SC/ST/OBC/EWS communities. 1. The applicant should be engaged in 27 different activities, as mentioned in the [Official Guidelines](https://swp.dddgov.in/assets/pdf/Notification_IPS_2022_DNH_DD.pdf) (Refer page no. 47 & 48 of the document). 1. Applicant’s annual income should be upto ₹2,00,000/- for rural areas and upto ₹2,50,000/- in urban areas.

Benefits

Name of TradeApproximate Cost(₹)Senting work, Cobbler, Mobile repairing10,000/-Different types of Push Carts, Plumber, Beauty Parlour, Repairing of electrical appliances, Welding Work, Carpentry, Laundry services, Broom maker, Milk-Curd seller, Fish seller, Papad maker, Pickle maker, Hot cold beverages seller, Puncture kit, Flour mill, Masala mill, Hair cutting15,000/-Mason work, Vehicle service and repair, Cotton wick maker (Female SHGs member), 20,000/-Tailoring, Embroidery25,000/-Pottery work30,000/-Paper cup and dish maker (Female SHGs)50,000/-

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.