Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme for Vaccine Manufacturing Units works as a financial support for vaccine producers in Dadra & Nagar Haveli and Daman & Diu. This sub-scheme gives new and expanding units a big interest subsidy and capital subsidy to raise local vaccine capacity and support economic growth. The scheme stays open for applications till 19th May, 2027.
This is a sub-scheme under the broader Investment Promotion Scheme (IPS) for Thrust Sectors, run by the Department of Industries, U.T. Administration of DNH & DD. It was first launched on 3rd July, 2015, and was later renewed to run from 20th May, 2022, until 19th May, 2027.
Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme for Vaccine Manufacturing Units - Introduction
The main aim of the scheme is to make the Union Territory a focused hub for key industries, including furniture and other important manufacturing sectors. It also looks to raise local employment, increase women's participation in business, and push companies to hire resident workers.
For the vaccine manufacturing sub-scheme, the government gives Credit-Linked Interest Subsidy and Capital Subsidy to eligible vaccine units. This helps strengthen health infrastructure and builds local industrial self-reliance.
Key Information
| Detail | Information |
|---|---|
| Scheme Name | Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme for Vaccine Manufacturing Units |
| Level | State |
| Beneficiary State | Dadra & Nagar Haveli and Daman & Diu |
| Category | Business & Entrepreneurship |
| Target Beneficiaries | Business Entity, Industries |
| Benefit Type | Cash |
| Nodal Department | Department of Industries |
| Operative Period | 20 May 2022 to 19 May 2027 |
Benefits
Eligible vaccine manufacturing units can get two main financial benefits under this scheme:
| Benefit Type | Subsidy Details |
|---|---|
| Credit Linked Interest Subsidy | 70% per annum, capped at a maximum of ₹60,00,000 per annum for 5 years or until loan repayment, whichever is earlier. |
| Capital Investment Subsidy | 15% of the investment, up to a maximum limit of ₹10,00,00,000 (10 crore). |
Eligibility
To qualify for this scheme, a unit needs to meet the following conditions:
- The unit should be a New or Existing Manufacturing or Service unit taking up expansion or diversification within the MSME sector.
- The unit must start commercial production between 20th May, 2022, and 19th May, 2027.
- The enterprise must be located within the Union Territory of Dadra and Nagar Haveli & Daman and Diu.
- The application should be submitted through the official online portal within one year of the first loan disbursement or before the start of commercial production, whichever is later.
Exclusions
A unit will not get the interest subsidy if its term loan is sanctioned more than one year after the official date of commercial production. The subsidy also does not cover penal interest or any other bank charges.
Application Process
Follow these simple steps to apply online for the scheme:
STEP 1 - Visit the official Registration page and create your account.
STEP 2 - Verify your email address using the confirmation link sent to your inbox.
STEP 3 - Enter the OTP sent to your registered mobile number to confirm your contact details. Once verified, you will get your login details through email.
STEP 4 - Log in to your account at the Login page using your mobile number and the PIN received in your email.
STEP 5 - Open the Departments & Services menu and choose District Industries Centre DD & DNH.
STEP 6 - Click the Apply button for the Investment Promotion Scheme (2022-2027), fill out the Common Application Form, upload the required documents, and submit.
Need Help? Contact the District Industries Centre at 0260-2260871 or 0260-2260310, or send an email to dic-dd@nic.in.
Documents
Keep the following documents ready before starting the application:
- Corporate Identification Number (CIN), Taxpayer Identification Number (TIN) and Permanent Account Number (PAN).
- Goods and Services Tax (GST) registration and Partnership Deed or Firm Registration Certificate or Incorporation Certificate.
- Udyam Registration or Industrial Entrepreneur Memorandum and land purchase deed or registered lease agreement of minimum 5 years.
- Electricity supply sanction order and latest bill, along with the Consent to Operate or Renewal document from PCC, DNH & DD.
- Factory licence, a signed Undertaking, and Chartered Accountant certified bills for the investment made.
References
More official details are available here:
FAQ's
What investments are eligible for these incentives?
Incentives can be claimed for new buildings, new plant and machinery, and essential equipment, but the cost of land is not covered.
What information should I provide every year?
The unit must submit data on production, sales, annual turnover, and employment numbers to the District Industries Centre before the end of September each year.
Do I need to follow pollution control measures?
Yes, the enterprise must follow the environmental and pollution control standards set by the Pollution Control Committee (PCC).
How long must the unit stay in production?
The enterprise must remain in active production for 5 years. If it closes early, the government will recover the disbursed Capital Investment Subsidy as land revenue arrears.
Are expansion and diversification both covered?
A unit can get the subsidy for either expansion or diversification, but only for one activity during the whole policy period.
How is the interest subsidy paid out?
The subsidy is credited directly to the bank or financial institution that sanctioned the term loan.
Are penal interest costs covered?
No, the subsidy only covers regular interest charges and does not include penal interest or any other bank charges.
What is the deadline for applying for interest subsidy?
Apply before the term loan is sanctioned for more than one year; otherwise, eligibility for the interest subsidy is lost.