Yes, the subsidy may be disbursed in the next financial year, subject to the availability of funds.

The application form is available on the Official Website of the Directorate of Industries and Commerce, Puducherry.

For new units, the application must be submitted within one year from the date of obtaining Entrepreneurs Memorandum Part-2/Permanent Registration/Commencement of Production Certificate. Existing units should apply within one year of completing Expansion/Diversification/Modernization.

Self-financed units receive the subsidy directly from the authorities.

The Committee is responsible for determining the quantum of incentive/subsidy admissible to the unit.

The subsidy is disbursed in a single installment. For units financed by financial institutions/banks, it is adjusted against the loan or used for additional fixed assets or working capital.

Small and micro enterprises are eligible for a 35% subsidy, with a maximum limit of ₹30,00,000.

Large and medium enterprises receive a 20% subsidy, capped at ₹20,00,000.

Thrust Area Industries include Electronic Industries, Bio-technology Industries, Food Processing Industries, Agro Processing Industries including Marine Products, Leather Products and Footwear Industries, Light Engineering Industries including Auto Components, Textiles Industries including Garments.

The subsidy is a component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" Scheme managed by the Department of Industrial Development (Industries and Commerce), Union Territory of Puducherry.

The Plan Approval from the Pollution Control Board is necessary to ensure that the industrial unit adheres to environmental regulations. It validates that the unit has received approval for its operational plans, aligning with environmental sustainability.

The Loan Sanction Letter is essential evidence of financial support from institutions or banks. It is used to validate the financial arrangements and ensures proper utilization of the subsidy amount against the loan.