Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Capital Investment In Solar Power Generation

About This Scheme

The scheme “Assistance For Capital Investment In Solar Power Generation” 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 Capital Investment In Solar Power Generation" Sub-scheme: Under the scheme, capital subsidy will be provided to the eligible industries on capital investment for setting up of Solar Power Plant for generation of power. The scheme encourages MSMEs to use Solar Power through this 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. Unit should be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu. 1. Enterprise shall have to meet at least 10 % of their total power consumption through solar power. 1. Enterprise shall have to apply within six months of generation of solar power.

Benefits

- 25% subsidy subject to a limit of maximum of ₹50,00,000/-. Note: Enterprise shall be eligible only once to avail this scheme.

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.