AI SummaryInvestment Promotion Scheme (IPS) for Thrust Sectors: Scheme for Marine Products Processing Units is a scheme run by the Department of Industries in Dadra and Nagar Haveli and Daman and Diu. It supports the establishment and expansion of marine product processing industries by offering credit-linked interest subsidies to eligible business units, helping entrepreneurs reduce operational costs and grow their enterprises.
Originally launched on 3rd July 2015 for five years, the scheme has been extended and remains operational from 20th May 2022 until 19th May 2027. Eligible enterprises can apply online through the Single Window Portal to get a credit-linked interest subsidy that helps lower borrowing costs for setting up or expanding marine processing facilities.
Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme for Marine Products Processing Units
Benefits
Eligible units can get a Credit Linked Interest Subsidy that supports their financial health. The subsidy is 60% per annum, limited to a maximum of ₹50,00,000 per annum for a period of 5 years or until your loan is fully repaid, whichever comes first.
Eligibility
To qualify, your unit must meet these criteria:
- Operate as a new or existing manufacturing or service unit within the MSME sector undergoing expansion or diversification.
- Make sure your unit commenced commercial production between 20.05.2022 and 19.05.2027.
- Be located within the U.T. of Dadra and Nagar Haveli and Daman and Diu.
- Submit your application online within one year from the date of the first loan disbursement or before starting commercial production.
Exclusions
Your enterprise will not be eligible for the interest subsidy if your term loan is sanctioned more than one year after the date of commencement of commercial production.
Application Process
STEP 1 - Visit the Registration page at swp.dddgov.in/registration, provide your details, and complete your email verification. Once your email is verified, use the OTP sent to your phone to finish setting up your account. Your login credentials will arrive in your registered email.
STEP 2 - Log in to the Official Portal at swp.dddgov.in/login using your mobile number and the PIN received in your email.
STEP 3 - On the portal, go to the Departments & Services tab on the left menu and select District Industries Centre DD & DNH. Click the button to apply for the Investment Promotion Scheme (2022 to 2027).
STEP 4 - Fill out the Common Application Form with your business details and upload all required documents.
STEP 5 - Review your application carefully and click Submit to complete the application process.
STEP 6 - If you need help, contact the District Industries Centre at 0260-2260871 or 0260-2260310, or email dic-dd@nic.in. For technical portal support, call 0260-2231885 / 2231886 or email ddegs-dd@nic.in.
Scheme at a Glance
| Detail | Information |
|---|---|
| Scheme Name | Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme for Marine Products Processing Units |
| Level | State |
| Scheme For | Individual |
| Beneficiary States | Dadra & Nagar Haveli and Daman & Diu |
| Category | Business & Entrepreneurship |
| Target Beneficiaries | Business Entity, Industries |
| Sub Category | Setting up / start-up / entrepreneurship |
| Benefit Type | Cash |
| DBT Scheme | No |
| Nodal Department | Department of Industries |
| Open Date | 2015-07-03 |
| Tags | Thrust Sectors, Food Processing Industries, Incentives, Entrepreneurship, Subsidy, Reimbursement, IPS, Marine Products |
Documents
Keep digital copies of the following documents ready for your application:
- Corporate Identification Number (CIN) document.
- Taxpayer Identification Number (TIN) document.
- Permanent Account Number (PAN) document.
- Goods and Services Tax (GST) registration.
- Copy of Udyam Registration or Industrial Entrepreneur Memorandum.
- Partnership deed/firm registration or Memorandum & Articles of Association for companies.
- Land purchase deed (if you own the land) or a registered lease agreement for at least 5 years.
- Electricity department sanction order and latest bill.
- Authorization letter.
- Copy of Consent to Operate from the Pollution Control Committee (as applicable).
- Factory license.
- Signed Undertaking.
References
For further details, refer to these official documents:
FAQ's
Are loans sanctioned by banks or financial institutions eligible for subsidy?
Yes, as long as the loans follow RBI guidelines for industries within the U.T., they qualify for the subsidy.
What is the eligibility criteria for Interest Subsidy under this Scheme?
Make sure your term loan is sanctioned within one year of your commercial production start date to remain eligible.
When does the interest subsidy become effective?
It starts from the date of the first loan disbursement or the commencement of commercial production, whichever is later. However, you will receive the reimbursement only after production has officially begun.
What happens if the enterprise defaults on payment?
If you become a defaulter based on Bank or RBI guidelines, the period of default will be deducted from your subsidy duration.
Are penal interest and other bank charges covered?
No, the subsidy covers only the standard interest charged by your bank; penal interest and extra charges are excluded.
Is there a minimum interest rate requirement?
Yes, your enterprise should bear at least 2% interest on the term loan provided by the financial institution.
How is the interest subsidy disbursed?
The subsidy is credited directly to the bank or financial institution that provided your loan.
What if a new enterprise is sold within the first five years?
The new owner can continue to receive the benefits for the remaining, unexpired portion of the five-year period.
What defines expansion or diversification?
It involves increasing your investment by at least 50% from your current Gross Fixed Capital Investment, with 60% of that new investment allocated toward plant and machinery.
How can an eligible unit apply?
You should apply through the portal at swp.dddgov.in by navigating to the Departments tab and selecting the relevant Investment Promotion Scheme link.