Objective of the "Investment Promotion Scheme (IPS)”:

Objective of the "Financial Assistance To Cottage Industries" Sub-scheme:

• Rate of Capital Subsidy: 25% of the term loan amount for setting up of the Cottage Industry up to a maximum of ₹5,00,000/-.

• Rate of Interest Subsidy: 50% of the Interest charged by Bank or NBFC or Cooperative Bank shall be reimbursed up to a period of 5 years from the date of commencement of Production.

• 10% additional capital subsidy shall be provided to Scheduled Castes/ Scheduled Tribes / Women/ Differently abled having 30% or more disability.
• Maximum limit of the Bank Loan should be ₹20,00,000/-.

• The applicant should be associated with Cottage Industry.
• The applicant should be above 18 years of age.
• The applicant should have passed minimum standard Four (IV).
• The applicant should have undergone training for minimum one month from Government of India recognized Institutes, in the area of the proposed business.

1. Corporate Identification Number (CIN) Document.
2. Taxpayer Identification Number (TIN) Document.
3. Permanent Account Number (PAN) Document.*
4. Goods and Services Tax Number (GST) Document.
5. Other Registrations Document.
6. Copy of Udyam Registration /Industrial Entrepreneur Memorandum, as applicable.
7. Copy of Partnership Deed and Firm Registration Certificate in case of partnership concern or Memorandum & Articles of Association and Date of Incorporation Certificate in case of Public/Private Limited companies.
8. Copy of land purchase deed duly signed by the applicant (If the Enterprise is functioning in its own land).
9. Copy of registered lease agreement for a minimum period of 5 years from the date of commencement of commercial production (If the Enterprise is functioning in a leased land/ building).
10. Copy of sanction order from Electricity Department for power supply with copy of the latest bill.
11. Authorization letter.
12. Copy of Consent to Operate / Renewal from PCC, DNH & DD (as applicable for Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021).
13. Copy of Factory licensee.
14. Undertaking.
15. Any other document as required.